Money Agony Aunt

Compounding is a fundamental principle when it comes to investing and creating wealth.
Compounding is the idea that if you invest money into something and it grows over time, its value can increase exponentially. In other words, it might not seem to grow very much at the start, but eventually it gains momentum.

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There are various ways in which you can start building a nice little nest egg. In this article, we highlight some key considerations before you begin, and explore some common investment products so that you can give the next generation a good start in life.

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You have entered the dreaded 60% income trap. As a higher-rate taxpayer, you may firstly expect to be paying the usual 40% income tax. Unfortunately, when your income enters this range, this might not be the total deduction. Find out what happens in this tax bracket and what you can do about it.

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