Turning today’s savings into tomorrow’s opportunities
Savings plans help you put money aside for future goals, from buying a home to funding education or creating an emergency fund. At The Penny Group, we guide you towards the most effective, tax-efficient options for your needs.
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We will help you choose the right mix of savings vehicles, such as ISAs, regular savings accounts, or investment-linked plans. With ongoing support, your plan can adapt as your circumstances change.
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Savings plans are suitable for anyone looking to set money aside for short to medium-term goals. They are ideal if you want structure, discipline, and clarity around how much to save and where to hold your money.
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
An ISA is a medium to long term investment, which aims to increase the value of the money you invest for growth or income or both. The value of your investments and any income from them can fall as well as rise. You may not get back the amount you invested.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.
Savings plans are useful during:
They provide flexibility and accessibility as needs change.
Savings plans complement investment management, pensions, and form part of your general financial planning. They provide accessible capital alongside longer-term strategies, ensuring you have the right balance between growth, security, and flexibility.
Popular options include ISAs (Individual Savings Accounts), fixed-term deposits, and investment-based savings plans. Each has different benefits depending on your goals and time horizon.
We will review your income, expenses, and goals to recommend a realistic amount. Even small regular contributions can build significantly over time.
Cash savings are generally low-risk, while investment-linked savings carry some risk but greater growth potential. We will explain the trade-offs clearly.
Yes, but access rules vary by product. Some allow instant access, while others may have penalties for early withdrawal.
Cash plans prioritise security, they are the simple, low-risk end of the spectrum. Cash savings are typically money held in cash accounts like easy access savings, notice accounts, fixed rate bonds or cash ISAs.
Investment-based plans offer higher growth potential but carry some risk. Regular or lump sum investments into funds, shares, bonds or portfolios, often via Stocks and Shares ISAs, pensions or general investment accounts. They are about growing money over the medium to long term.
Our expert team is on hand to help with your financial planning
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