Steve Kallika

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 have spent more than three decades advising individuals, trusts and business owners through changing markets, legislation and life events, helping them plan with confidence and clarity. As a Chartered Financial Planner and Fellow of the Personal Finance Society, I hold the most respected qualifications within the profession and remain committed to ongoing professional development. I take a holistic approach to financial planning, ensuring advice remains aligned to long-term goals while adapting to complex personal and business needs. Building strong, transparent relationships is central to my work, with client outcomes always the priority.

Outside of work, I enjoy playing golf, keeping fit and tackling home improvement projects.