Phone: 01242 260066 | Email accountants@mitchells.org

Savings

Initial Savings Amount (£):

The initial savings amount.

Monthly Deposit (£):

The monthly savings amount.

Average Annual Interest (%):

The average annual interest rate.

Average Annual Inflation (%):

The average annual inflation rate.

Number of Years:

The number of years to save over.

Capital Investment (£):

The amount to consider as the investment into the fund.

Rate Of Return:

The expected annual rate of return of the investment.

Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.

25 Apr 2024

UK borrowing £7.6 billion lower than last year, data shows

Figures have shown that UK borrowing over the last financial year was £7.6 billion lower when compared to the year before.

24 Apr 2024

Data published by HMRC has revealed that inheritance tax (IHT) receipts rose to a record high of £7.5 billion in the 2023/24 tax year.