Savings Advice & Planning
Keeping money in cash is important for many people. The question is whether all of your money needs to remain in cash, and whether your savings are being held in the most appropriate way for your needs.
Are Your Savings Working as Hard as They Could?
Balancing instant-access cash reserves with tax-efficient allowances ensures your short-term security and long-term financial growth work in harmony.
How much should I keep in savings?
There is no single figure that works for everyone.
You may need enough accessible money to cover unexpected costs and planned expenditure, while longer-term money may have a different purpose.
Am I earning enough interest?
Savings rates change, and different accounts offer different levels of access and interest.
It can therefore be worth reviewing where your cash is held.
Should I use an ISA?
ISAs can provide a tax-efficient way of holding savings and investments.
For 2026/27, the overall ISA allowance is £20,000.
The appropriate type of ISA depends on your objectives and circumstances.
Should some of my savings be invested?
Money you need in the short term may be more suitable for cash.
Money that you do not need for many years may have a different role and could potentially be considered for investment.
Important UK Regulatory & Tax Notice:
Tax treatment and ISA rules depend on individual circumstances and HM Revenue & Customs (HMRC) regulations, which are subject to change. Inflation will erode the purchasing power of cash holdings over time.
Eligible cash deposits held with UK-regulated institutions are protected up to statutory limits by the Financial Services Compensation Scheme (FSCS). Unlike cash deposits, invested capital is at risk, and you may get back less than you invested. Corcillium Wealth Management is authorised and regulated by the Financial Conduct Authority (FCA).
Review Your Overall Cash & Savings Position
If you are unsure how much should remain in cash and how much should be invested, Corcillium Wealth Management can help you review the wider picture.
Arrange a Conversation