Thomas Gregory

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.

Financial health is a cornerstone to achieving wellbeing alongside physical and mental health. I firmly believe that all of these factors impact us and our lives significantly.

I enjoy working closely with individuals and families to create bespoke solutions that provide clarity, security and confidence for the future. By having a relationship with me as your financial adviser, you are giving yourself the best chance to reach your financial goals and achieve peace of mind in the knowledge that your financial future is secure.

As a committed member of the Personal Finance Society, I stay up to date with industry developments to ensure my advice remains relevant and effective. The world of personal finance can be daunting but, together we will develop a plan that is clear and adaptable in a fast-moving world.

Away from my desk I enjoy keeping active either on my bike or taking the dog for a run. If I'm not out and about I'll probably be found playing the piano or reading up on Philosophy.