Michael Fenton

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.

I typically work with business owners and professionals who are focused on building long-term wealth. Often, my clients don’t have the time to structure everything effectively themselves.

I’m particularly interested in helping clients make better long-term decisions, rather than focusing on short-term market noise.

My focus is on keeping my advice clear and practical, ensuring that your financial plan is something you understand and can act on with confidence.

Outside of work, I like to spend time with my partner and our golden retriever. I’m a keen football fan and keep active by playing both football and Padel.