Free Consultation

You can have a free initial consultation, with a financial adviser/advisor. There's no fee, no catch and no obligation on your part.  We can call you to arrange a time that suits you. No pressure, no problems!

It takes time to provide quality investment advice, so Millhaven, (Reading), gives plenty of time to gather all the necessary information, to provide the required investment advice, that you require and deserve.

Please feel free to call Millhaven on, (Reading), 0118 958 6562

E Mail Millhaven on:- stuart@slawes.fsnet.co.uk

Or click on NEXT below for direct message service.

And remember Millhaven, (Reading), offers:

Mortgage solutions, remortgaging strategies, pension planning, investment advice, protection plans, retirement options, drawdown, pension transferrs, and finanial planning for private clients and for corporate clients.

Some of the areas Millhaven cover:-

Reading, Wokingham, Newbury, Windsor, Eton, Ascot, Maidenhead, Henely On Thames, Marlow, Oxford, Bracknell, Slough, Cookham, High Wycombe, Wallingford, Hungerford, Swindon, Basingstoke, Camberley, Berkshire, South of England, London.

 

Economic Situation For:-

March  2011  (released 12/04/11)

Economic Cycle: Coming from recession into slow upswing.

Inflation (annual):

CPI (index used across Europe)   4.0%

RPI (all index)                                    5.3%

RPI (excluding mortgages)            5.4%

GDP (country's income) up 1 yr     1.8% 

GDP for the last 3 months up         0.5%

Average pay (2009 figs)               £25,948

Unemployment rate, Dec/ Feb 2011   7.8%,

Average house price Dec 2010 £162,763 (over 6 times average earnings - high). Too high for first time buyers. House prices expected to drop by up to 10% during the first part of 2011 according to commentators. Market semtiment - rather gloomy, with increases in fuel duty, VAT, and national insurance coming up early in 2011.

 

 

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Bank & building society accounts
The first step towards a safer financial future

The usual place for squirreling away some cash for emergencies, or to fund future activities, is with high street or online banks and building societies. There’s plenty of choice, and unlike other investment decisions, these are generally low risk saving channels.

Warning: Doing nothing could seriously affect your wealth

By doing nothing with your spare money, inflation will gradually erode the value of it.  All the time your money is earning no interest, the cost of goods rise. But with the value of your money remaining the same, you will be able to buy less. Savings earning interest can help to offset the effect of inflation.   

Questions worth asking yourself before making any savings decision include:

  1. What interest rates are offered to accounts in credit?
  2. Are there any account charges, and for what?
  3. Can you manage the account online?
  4. Is there a minimum opening balance?
  5. What introductory offers are there?
  6. Do they offer preferential rates on other financial products to account holders?

But when it comes to saving, choice prevails. Each account type has plus points and pitfalls, depending on the amount you are saving and how quickly you need access to your cash:

Instant access savings accounts
What's good? Gives immediate access to your money.
No need to give notice or incur any penalties. 		What's not? nterest paid tends to be low.
Notice accounts
What's good? Enables you to withdraw your money provided the required notice is given, which can range from 30 days to four months. 
Better interest rates than instant access savings accounts. 		What's not? Although flexible, in that they’ll usually let you withdraw your money instantly, penalties are usually charged. You also usually need a significant sum in order to open one.
Regular saver accounts
What's good? Disciplines you to save a certain amount of money every month, usually from £10 upwards.
Decent interest rates.
Flexibility to vary the amount saved. 		What's not? Access restrictions.
May charge penalties for frequent withdrawals and often limit the number allowed each year.
Term accounts
What's good? Money is saved for a specific period of time, ranging from one to five years. 
Higher interest rates, often compounded.* 		What's not? During the term, withdrawals are restricted.
If withdrawals are permitted, the penalties can be high.

If you are serious about building up a cash reserve, some good advice now could be worth more in the long-term. Contact us today to discover if your savings vehicle is looking after your best interests.

* Compound interest explained

 

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