Jack Clarke

Aim to maximise your cash savings

It might shock you to know that 28% of people hold their cash in interest-free savings accounts⁽¹⁾, receiving no return on their hard-earned money. Because under current rules a basic rate taxpayer can earn up to £1,000 in interest from their savings without paying tax, these people could be missing out on a significant financial boost that they could be enjoying.

This is even more relevant when you consider that the average person typically holds up to 25% of their available money on cash deposit⁽²⁾. So, by reviewing your cash and tackling any ‘lazy money’, you’ll be making a great start at getting your finances in shape and achieving longer-term financial security.

If your money isn’t working as hard as it could, I can help. By making it easy to access potentially better interest rates, I can help you to aim to maximise your cash savings – giving you more money to spend on the things you enjoy or helping you grow your money towards a longer-term goal.

¹ Building Societies Association Sept 2024
² The Lang Cat: Cash as an asset class survey June 2024

Cash on deposit advice is not regulated by the Financial Conduct Authority.

Before becoming a financial adviser, I studied and worked in law - an experience which continues to shape the way that I work with my clients today. By combining my jargon-free approach to advice with my dual background in law and finance, I aim to give you the clarity and confidence you need to make important financial decisions for you and your family.

When I’m not working with clients, you’ll likely find me out on the golf course (often in a bunker) or enjoying a cappuccino at a National Trust spot. I also enjoy keeping active by weightlifting, running and hiking. Back in 2024, I completed a 26-mile mountain hike in the Peak District in support of Miracles to Believe In - a Leicestershire-based charity which supports young people with autism.