There are a variety of options open to people looking to put money aside in
According to Helen Howcroft, spokesperson for independent financial advisory firm Equanimity, there are a number of accounts that enable consumers to access their
However, cashing in their accounts early may mean that a consumer does not receive the full benefits of having saved in such an account, Ms Howcroft stated.
“If it’s invested into something like a stock and shares Isa and you cash your money in during the early years you run the risk of it being worth less than what you actually paid in,” she warned.
There are a number of
The Treasury recently announced a package of reforms intended to make Isas more attractive to savers by making the system simpler and more flexible.
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