Savers will be able to shelter any returns from peer-to-peer lending activities in a tax-free individual savings account (ISA), according to reports.
In this case study Simon Willoughby demonstrates the value of advice through different life stages.
More than half of consumers believe they would benefit from seeking financial advice, according to a report out today.
The Treasury is exploring the idea of capping tax-free ISA allowances to crack down on 'ISA millionaires', while investigating plans to reduce the amount retirees can take as a tax-free lump sum.
The government has announced new ISA rules that will make it easier for people to invest directly into small businesses.
Paltry returns on 'safe' investments such as cash and gilts have caused three out of five retirees lose out on around £2,400-a-year in real terms as inflation eats into the income they use to supplement their pensions.
The amount of money put into ISAs has fallen for the first time ever, according to accountancy firm UHY Hacker Young.