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Featuring Netwealth
Over the long term, cash is unlikely to beat inflation, and most people will need exposure to growth assets to meet their goals. But not all money is long-term money. Pretending otherwise is a categorical error that could cost people dearly.
The UK’s economic outlook will be heavily influenced by global factors. Article by Gerard Lyons.
Gerard Lyons, chief economist at Netwealth, said the government’s spending plans over the course of the parliament “lack credibility. Given the persistent upward pressure on public spending, future additional tax hikes cannot be ruled out, even if unjustified. But I do not expect additional tax hikes in 2026”.
“Clarity first, generosity next,” is the mantra that Charlotte Ransom, founder of digital wealth manager Netwealth, has been preaching. “Our advisers have never been busier, and clients are seeking advice at younger ages,” she says, adding that 50 is now the average. “People are clearly concerned about IHT and taxes overall and want to start gifting so they can get the seven-year clock ticking, but it’s important not to rush.”
Monetary policy has the potential to make or break the economy next year. Experience shows that, even at Budget time, it is not just the Chancellor’s fiscal plans that determine the outlook. Decisions on interest rates can matter just as much. - Gerard Lyons
Just for example, in recent days wealth manager Netwealth told us it has seen a 143 per cent jump in tax-free cash withdrawals between the end of June 2024, just before the election, and the end of last month.
Charlotte Ransom, chief executive of Netwealth, says keeping a close eye on fees is “absolutely essential”.
“If you choose a Managed ISA, always ensure you understand what you’re paying for and the value you’re getting in return,” she said.
