Free Money you should already have

I am all for finding new ways to supercharge my investments and nothing makes me more excited than knowing that I can be rewarded for saving or investing. In this blog, I scour the WealthSquats website and list out asset classes where you can get up to 50% guaranteed increase on your investments and savings without adding more funds. Of course, the more you invest or save, the greater your returns.

Use the right financial products to get up to 50% returns on your savings guaranteed

The following are excerpts from WealthSquats.com


​Get 20% Returns

Junior SIPP: is a personal pension plan that parents can use to set up a pension for their children. The money invested in the Junior SIPP can only be accessed at around age 55. For each amount invested into a Junior SIPP, the UK government provides a tax relief of 20%

Self-Investment Personal Pension or SIPP SIPP is a pension scheme that allows you to contribute and invest your pension contributions as you like. In the UK, the government provides a tax relief on the contributions made and you can access the funds when you reach retirement age.  Keep in mind that there are annual limits to the amount you can contribute to a SIPP (Learn more here).​


Get 25% back on your savings!

The LISA can be held in cash ISA which is a saving account or as a Stock and Shares ISA where you invest in the stock market.  Each month, the UK government provides a 25% bonus on your cash or investments. You can use the LISA  for only one of two things. Either you can use it to purchase a home valued up to £450,000 or you can use it as a substitute pension in which case you are not allowed to make any withdrawals until the age of 55. If you put in £4,000 a year, the government will give you £1,000 free and we like that.

The H2B ISA can also be used to save up for a home. In that case, the government will give you £50 for every £200 you have in the account. Keep in mind that this is only valid for buying a house in the UK.


Receive up to 30% back on your Private Equity 

Private Equity: In the UK, the government wants to support early stage companies as they see them as an investment into the overall economy. The government has several schemes including the EIS, SEIS, VCT to support these companies.

Because you are investing in businesses that are at an early stage and are therefore high risk, the UK government can provide a tax relief of up to 30% on your investment. So if you invested £50 you can get back £15 from the government. This means that your actual investment costs you £35.  


Receive 100% from Employers

Employer Pension Matching: If someone told you that if you put in £100 in your account today and they will also put in £100, will you say no? probably not. This is the same mindset you should apply when reviewing your Employers pension matching option. Matching pension allows you to build your pension networth at an accelerated pace. In addition, as your salary increase, so does your matching contribution and your overall pension pot.