Gold surprised many investors in 2025 by outperforming the S&P 500, delivering an impressive gain of approximately 65% over the year. This surge caught the attention of young professionals and seasoned investors alike, sparking a debate about whether gold’s momentum will carry into 2026. As someone who closely follows market trends, I want to explore what fueled this remarkable growth and what the price for 2026 might look like. Gold bar on financial chart showing upward trends What Fueled Gold’s Massive Growth in 2025 Several factors combined to push gold prices higher last year. Understanding these drivers helps us gauge whether the momentum can continue. Rising Inflation and Economic Uncertainty Inflation remained stubbornly high throughout 2025, eroding the purchasing power of fiat currencies. Gold, traditionally seen as a hedge against inflation, attracted investors looking to protect their wealth. Unlike stocks, gold does not pay dividends but offers a tangible store of value during uncertain times. Geopolitical Tensions Global tensions, including conflicts and trade disputes, increased risk aversion among investors. Gold’s reputation as a safe haven asset meant more capital flowed into it when markets faced volatility. This demand helped push prices up steadily. Central Bank Policies Central banks around the world maintained relatively loose monetary policies, keeping interest rates low. Low real yields reduce the opportunity cost of holding gold, making it more attractive compared to bonds or cash. Additionally, some central banks increased their gold reserves, signaling confidence in the metal’s long-term value. Weakening US Dollar The US dollar weakened against other major currencies in 2025, which typically benefits gold prices. Since gold is priced in dollars, a weaker dollar makes gold cheaper for holders of other currencies, boosting demand. Comparing Gold’s Performance to the S&P 500 The S&P 500, while still delivering positive returns, lagged behind gold’s 65% gain. The stock market faced headwinds from rising interest rates earlier in the year and concerns about corporate earnings growth slowing down. Tech stocks, which had driven much of the previous years’ gains, experienced corrections. For young professionals building wealth, this divergence highlights the importance of diversification. While stocks offer growth potential, gold provides a buffer during turbulent periods. What to Expect for Gold’s Price for 2026 Predicting the price for 2026 involves weighing current trends and potential risks. Inflation Outlook Inflation is expected to moderate but remain above central banks’ targets. If inflation stays elevated, gold will likely retain its appeal as a hedge. However, if inflation falls sharply, gold’s allure might fade, putting pressure on prices. Interest Rates and Monetary Policy Central banks may start tightening policies more aggressively if inflation persists, which could raise real yields and reduce gold’s attractiveness. On the other hand, any signs of economic slowdown might force a pause or reversal in rate hikes, supporting gold prices. Geopolitical and Economic Risks Ongoing geopolitical risks or new crises could drive safe-haven demand higher. Conversely, a stable global environment might reduce urgency for gold as a protective asset. Market Sentiment and Investment Flows Exchange-traded funds (ETFs) backed by gold saw record inflows in 2025. If this trend continues, it will support prices. But if investors rotate back into stocks or cryptocurrencies, gold could lose some momentum. Practical Takeaways for Investors Diversify your portfolio : Gold’s strong 2025 performance shows why it deserves a place alongside stocks and bonds. Watch inflation and interest rates : These remain key drivers for gold’s price for 2026. Stay alert to geopolitical developments : Unexpected events can quickly shift market dynamics. Consider your risk tolerance : Gold can reduce volatility but does not generate income like dividends or interest. Final Thoughts on Gold’s Outlook Gold’s surge in 2025 was driven by a mix of inflation fears, geopolitical uncertainty, and supportive monetary policies. While the price for 2026 faces both opportunities and challenges, gold remains a valuable asset for those seeking protection against economic risks. For young professionals aiming to build resilient portfolios, keeping an eye on gold alongside growth assets can provide balance and peace of mind. Want to read more? Should High Earners Overpay Their Mortgage or Invest Amidst Falling Interest Rates? Maximizing Your ISAs vs Pensions

When it comes to money, many of us wonder if we are on track. How much should you have saved by 25, 30, or 50? What does the average UK saver look like at different ages? And how does this compare to your own net worth and target retirement goals? I’ve explored these questions to give you a clear picture of average savings by age in the UK, with practical insights to help you plan your financial future. Average UK savings by age visualisation How Much Money Should You Have at 18? At 18, most people are just starting their financial journey. Many are in education or beginning entry-level jobs. The average savings at this age are quite low, often under £1,000. This is understandable since expenses like tuition, rent, and daily costs take priority. What to focus on at 18: Build a habit of saving, even if it’s just £20 a month. Open a savings account or start a cash ISA. Avoid unnecessary debt, especially high-interest credit cards. While the average net worth is minimal, this stage is about laying the foundation for future financial growth. Savings by Age 25: Early Career and Building Momentum By 25, many have moved into full-time work and started earning a steady income. According to recent UK data, the average savings for this age group hover around £3,000 to £5,000. This includes cash savings, pensions, and investments. Key points for 25-year-olds: Aim to have an emergency fund covering 3 months of expenses. Start contributing to a workplace pension, especially if your employer matches contributions. Set clear financial goals, such as saving for a deposit on a home or paying off student loans. At this stage, your net worth is still modest, but consistent saving and investing can accelerate growth. Age 30: Increasing Savings and Planning for the Future By 30, the average UK saver has around £10,000 to £15,000 in savings and investments. This includes pension pots, which tend to grow steadily thanks to compound interest. What to consider at 30: Review your pension contributions and increase them if possible. Diversify your investments beyond cash savings. Set medium-term goals like buying property or starting a family. This is a critical age to align your savings with your target retirement goals. The difference between saving a little and saving smartly becomes clear here. Age 35: Midway to Retirement, Time to Accelerate Savings At 35, the average savings in the UK rise to approximately £25,000 to £30,000. Many people start to feel the pressure of balancing mortgages, family costs, and career growth. Advice for 35-year-olds: Maximise pension contributions to benefit from tax relief. Consider additional investments such as ISAs or stocks. Keep track of your net worth regularly to stay motivated. This is the time to evaluate if you are on track to meet your retirement goals or if adjustments are needed. Age 40: Building Wealth and Preparing for the Long Term By 40, average savings jump to around £50,000. This includes pensions, property equity, and other investments. The focus shifts to wealth building and protecting assets. Financial tips for 40-year-olds: Review your investment portfolio for risk and growth balance. Plan for children’s education costs if applicable. Consider estate planning and wills. At this stage, some people start to approach high net worth individual (HNWI) status, especially if their investments and property values have grown significantly. Age 45: Approaching Peak Earnings and Savings By 45, many UK savers have accumulated around £75,000 to £100,000. This is often the peak earning period, so it’s a prime time to boost savings aggressively. What to focus on at 45: Maximise pension contributions to catch up if behind. Use tax-efficient savings vehicles. Reassess your target retirement goals and timelines. This is a crucial checkpoint to ensure your net worth aligns with your desired retirement lifestyle. Age 50: Final Stretch Before Retirement Planning At 50, average savings in the UK tend to be between £120,000 and £150,000. Many people start seriously planning for retirement, considering when and how they want to stop working. Key actions at 50: Get a detailed pension forecast. Consider downsizing or other property strategies. Plan for healthcare and long-term care costs. This is the time to make sure your savings and investments will support your retirement goals comfortably. Into Retirement: What Does the Average Look Like? When people retire in the UK, the average pension pot is around £60,000 to £80,000, but this varies widely. Many retirees also rely on the state pension, property equity, and other savings. Retirement considerations: Understand your income sources: pensions, investments, state pension. Plan withdrawals carefully to avoid running out of money. Consider part-time work or other income streams if needed. Reaching retirement with a solid net worth that meets your goals requires consistent saving and smart planning throughout your life. How to Use This Information to Reach Your Financial Goals Knowing the average savings by age helps you benchmark your progress. If you’re behind, it’s never too late to start saving more or investing wisely. If you’re ahead, you can consider more ambitious goals or early retirement. Some practical steps: Set clear, realistic savings targets for each decade. Track your net worth regularly. Adjust your spending and saving habits to stay on course. Seek advice if you want to become a high net worth individual (HNWI) or accelerate wealth building. Remember, averages are just a guide. Your personal goals and circumstances matter most.

High earners, not rich yet (HENRYs), face unique challenges and opportunities when planning their finances. With 2026 approaching, setting clear financial goals can help you build wealth efficiently while maintaining a healthy work-life balance. In this post, I’ll share practical strategies to maximize your ISA and pension contributions, explore the potential of VCT and SEIS funds, and emphasize the importance of taking time off to recharge. These steps will help you secure your financial future and enjoy the present. Maximizing ISA and pension contributions for HENRYs in 2026 Maxing Out ISA Contributions for Tax-Free Growth Individual Savings Accounts (ISAs) remain one of the most effective tools for HENRYs to grow savings without paying tax on interest, dividends, or capital gains. For 2026, the annual ISA allowance is £20,000, which you can split across different types such as cash ISAs, stocks and shares ISAs, or innovative finance ISAs. Why Max Your ISA? Tax efficiency : All returns inside an ISA are tax-free. Flexibility : You can withdraw money without penalties. Compound growth : Tax-free compounding accelerates wealth building. How to Maximize Your ISA Set up monthly contributions to spread your investment evenly throughout the year. Consider a stocks and shares ISA for higher growth potential, especially if you have a longer investment horizon. Use a cash ISA for short-term savings or emergency funds. Review your ISA portfolio annually to rebalance and ensure it aligns with your risk tolerance. For example, if you invest the full £20,000 allowance in a stocks and shares ISA with an average annual return of 6%, your investment could grow to approximately £26,800 after three years, tax-free. Boosting Pension Contributions for Long-Term Security Pensions offer significant tax advantages and are essential for HENRYs aiming to secure a comfortable retirement. The annual allowance for pension contributions in 2026 is £60,000 or 100% of your earnings, whichever is lower. Maximizing pension contributions can reduce your taxable income while growing your retirement pot. Benefits of Maxing Pension Contributions Tax relief : Contributions receive tax relief at your marginal rate, which can be up to 45% for higher earners. Employer contributions : Many employers match contributions, effectively increasing your savings. Compound growth : Pension funds grow tax-free until withdrawal. Practical Tips for Pension Planning Aim to contribute at least enough to get the full employer match. Consider increasing contributions gradually to reach the annual allowance. Use salary sacrifice schemes if available to reduce National Insurance contributions. Review your pension investments regularly to ensure they match your retirement goals. For instance, a HENRY earning £120,000 who contributes £20,000 to their pension could receive up to £9,000 in tax relief (assuming a 45% rate), making the effective cost just £11,000. Exploring VCT and SEIS Funds for Tax-Efficient Growth Venture Capital Trusts (VCTs) and Seed Enterprise Investment Schemes (SEIS) offer attractive tax reliefs for investing in smaller, higher-risk companies. These can be valuable additions to a HENRY’s portfolio, especially for those looking to diversify beyond traditional assets. What Are VCTs and SEIS? VCTs invest in small, unlisted companies and offer income tax relief of 30% on investments up to £200,000 per tax year. SEIS focuses on very early-stage companies, providing income tax relief of 50% on investments up to £100,000 per tax year. Advantages for HENRYs Significant upfront income tax relief. Potential for capital gains tax exemption on profits. Diversification into innovative sectors. Considerations Before Investing These investments carry higher risk and lower liquidity. They are best suited for a small portion of your portfolio. Due diligence is crucial; seek advice from a financial advisor experienced in EIS and SEIS. For example, investing £50,000 in a SEIS fund could reduce your income tax bill by £25,000 immediately, while also offering growth potential if the company succeeds. Taking time off for relaxation and mental health in 2026 Taking Time Away to Recharge and Maintain Balance Financial goals are important, but so is your well-being. Taking time off on holiday is essential for mental health, creativity, and productivity. Many HENRYs push themselves hard, but scheduling regular breaks can improve focus and decision-making. Why Holidays Matter Reduce stress and prevent burnout. Improve physical health and sleep quality. Strengthen relationships and social connections. Boost creativity and problem-solving skills. Planning Your Time Off Schedule holidays well in advance to ensure they happen. Choose destinations that help you disconnect from work. Consider shorter breaks throughout the year if long holidays are difficult. Use holidays as a reward for meeting financial goals. For example, planning a two-week holiday after reaching your ISA and pension contribution targets can provide motivation and a sense of achievement. Setting Clear Goals for 2026 and Beyond To make the most of 2026, set specific, measurable financial goals. For HENRYs, this means: Fully using your ISA allowance. Maximizing pension contributions up to your comfort level. Allocating a portion of your portfolio to VCT or SEIS funds if suitable. Scheduling regular holidays to maintain balance. Tracking your progress monthly or quarterly helps keep you accountable and allows adjustments as needed. Final Thoughts on Financial Success and Well-Being Balancing aggressive saving and investing with personal well-being is key for HENRYs aiming for long-term success. By focusing on maxing ISA and pension contributions, exploring tax-efficient investment options like VCT and SEIS, and prioritizing time off, you can build wealth while enjoying life. Start by reviewing your current financial situation, set clear goals for 2026, and plan your holidays. Taking these steps will help you grow your wealth smartly and recharge your energy for the journey ahead.

Interest rates in the UK are expected to fall to around 3% by the end of 2026. For high earners with mortgages, this shift raises a common question: is it better to overpay the mortgage or invest the difference? With mortgage rates coming down and stock market uncertainty still present, deciding where to put your extra money can feel tricky. I want to share some insights and practical considerations to help you make a clearer choice. UK suburban house with mortgage sign Understanding the Impact of Falling Mortgage Rates Mortgage rates have a direct impact on the cost of borrowing. When rates drop, the interest portion of your monthly payment shrinks, meaning you pay less over time if you keep the same loan balance. For high earners, this can change the appeal of overpaying your mortgage. Lower mortgage rates reduce the benefit of overpaying When mortgage rates are high, overpaying can save you a significant amount in interest. But as rates fall, the interest saved by overpaying shrinks. For example, if your mortgage rate drops from 5% to 3%, the interest saved by paying off early is less than before. Flexibility matters Overpaying your mortgage locks your money into your home. If rates fall, you might want to keep cash liquid or invest elsewhere. Some mortgages allow you to take back overpayments later, but not all do. The Case for Investing the Difference Investing extra money instead of overpaying your mortgage can offer higher returns, but it comes with risks. The stock market can be volatile, and uncertainty remains high in 2024. Potential for higher returns Historically, stock markets have returned more than mortgage rates over the long term. If mortgage rates fall to 3%, investing in a diversified portfolio could yield 5% or more annually, after inflation. Risk and timing Investing is not guaranteed. Market dips can reduce your portfolio value, especially if you need to access funds soon. High earners often have a longer investment horizon, which can help ride out volatility. Tax considerations High earners may face higher taxes on investment income. Using tax-efficient accounts like ISAs or pensions can improve net returns. When Overpaying Your Mortgage Makes Sense Even with falling mortgage rates, overpaying can be a smart move in certain situations: You dislike debt and want peace of mind Some high earners prefer the security of owning their home outright sooner. This reduces monthly obligations and can improve cash flow in retirement. Your mortgage rate is higher than expected future rates If your current mortgage rate is above 3%, overpaying now can lock in savings before rates drop. You have no other high-interest debt Overpaying makes less sense if you carry credit card or personal loan debt with higher rates. You want to reduce exposure to market risk If you are risk-averse or nearing retirement, reducing debt can be a safer financial strategy. When Investing the Difference Is More Advantageous Consider investing if you meet these criteria: You have a low mortgage rate locked in With mortgage rates near 3%, investing could generate better returns over time. You have a long investment horizon If you plan to invest for 10 years or more, you can better withstand market ups and downs. You have a well-diversified portfolio Spreading investments across stocks, bonds, and other assets reduces risk. You use tax-efficient investment accounts Maximizing ISAs and pensions helps keep more of your returns. Practical Steps to Decide What’s Right for You Calculate your mortgage interest savings Use an online mortgage overpayment calculator to see how much interest you save by paying extra. Estimate potential investment returns Look at historical returns for diversified portfolios but remember past performance is not a guarantee. Assess your risk tolerance Be honest about how much market volatility you can handle. Consider your financial goals Are you aiming for early retirement, paying off your home, or building wealth? Review your mortgage terms Check if overpayments are flexible or if there are penalties. Consult a financial advisor Personalized advice can help balance your mortgage and investment strategy. Example Scenario Imagine you have a £500,000 mortgage at 4.5% fixed for 5 years. You earn £150,000 annually and have an extra £1,000 per month to allocate. Overpaying your mortgage by £1,000 monthly could save around £30,000 in interest over the next five years. Investing £1,000 monthly in a diversified portfolio averaging 6% annual return could grow to approximately £70,000 in five years. However, investing carries risk, and market downturns could reduce returns. This example shows investing may offer higher growth, but overpaying provides guaranteed savings and reduced debt. Balancing Both Strategies You don’t have to choose one or the other. Many high earners split their extra money between mortgage overpayments and investments. This approach offers: Debt reduction and interest savings Growth potential from investments Flexibility to adjust based on market conditions Final Thoughts With UK mortgage rates expected to fall to around 3% by 2026, high earners face a nuanced choice. Overpaying your mortgage guarantees savings and reduces debt but offers lower returns when rates are low. Investing the difference can grow your wealth faster but involves risk and requires a longer time horizon.

Earning £147k a year in London sounds like a dream salary. For many HENRYs (High Earners, Not Rich Yet), it feels like the gateway to financial freedom and a comfortable lifestyle. But the reality is far more complicated. Despite the impressive number on your payslip, the tax burden, living expenses, and lifestyle costs in London quickly chip away at your income. This post explores why £147k doesn’t necessarily make you feel rich in London, the tax reality behind it, and practical changes you can make to improve your financial situation. London street showing high living costs Why £147k Feels Less Than It Is When you hear £147k, you might imagine a life of luxury: a spacious flat in Kensington, dining out every night, and weekend trips abroad. But the truth is that London’s cost of living is one of the highest in the world. Here’s why £150k doesn’t stretch as far as you might expect: High taxes : Income tax and National Insurance contributions take a big chunk out of your salary. Housing costs : Rent or mortgage payments in London are sky-high, often consuming 40-50% of your take-home pay. Everyday expenses : Transport, groceries, utilities, and childcare are all more expensive than in other parts of the UK. Lifestyle inflation : As your income rises, so do your spending habits, often without you noticing. The Tax Reality for a £147k Earner Let’s break down the tax situation for someone earning £147k in London. The UK tax system is progressive, meaning the more you earn, the higher the percentage you pay on the top portion of your income. Income tax : At £147k, you fall into the higher and additional rate tax brackets. The first £50,270 is taxed at 20%, the next £99,730 at 40%, and income above £125,140 at 45%. National Insurance (NI) : You pay 12% NI on earnings between £12,570 and £50,270, and 2% on anything above that. Effective tax rate : After all deductions, your effective tax rate can be around 40-45%, meaning you take home roughly £85k-£90k. For comparison, someone earning £100k takes home about £68k after tax, and at £125k, the take-home is around £75k. The jump from £100k to £147k doesn’t feel as big once taxes are factored in. Housing Costs Eat Up Your Income One of the biggest drains on your salary is housing. Renting or buying in London is expensive, and it’s often the first place where your £147k salary feels tight. Rent : A one-bedroom flat in central London can cost £1,500 to £2,500 per month. For a family, a two or three-bedroom flat easily costs £3,000+. Mortgage : Buying a property requires a hefty deposit, and monthly repayments on a £500k+ mortgage can be £2,000 or more. Council tax and utilities : These add hundreds of pounds monthly to your housing costs. If you spend £2,500 on rent alone, that’s £30,000 a year—more than a third of your take-home pay. Other Living Expenses That Add Up Beyond housing, other costs in London are higher than the UK average: Transport : A monthly travelcard for zones 1-3 costs about £150. Groceries : Food prices in London are roughly 10-15% higher than elsewhere. Childcare : For HENRYs with kids, childcare can cost £1,000+ per month. Leisure and dining out : London’s vibrant social scene comes with a price tag, with meals and drinks often costing double what they would outside the city. These expenses quickly add up, leaving less room for savings or investments. Compact London flat interior reflecting high housing costs What Changes Can You Make? If you’re earning £147k but don’t feel rich, there are practical steps you can take to improve your financial situation. 1. Review Your Housing Situation Consider moving slightly outside central London where rents are lower but transport links remain good. Explore shared ownership or buying a smaller property to reduce mortgage costs. Negotiate rent or look for deals if you’re renting. 2. Maximise Tax Efficiency Use your ISA allowance to save tax-free. Contribute to a pension scheme to reduce taxable income. Speak to a financial advisor about salary sacrifice schemes or other tax-efficient options. 3. Control Lifestyle Inflation Track your spending to identify areas where you can cut back. Set clear budgets for dining out, travel, and entertainment. Prioritise saving and investing over upgrading your lifestyle. 4. Build Multiple Income Streams Consider freelance work or side projects to supplement your income. Invest in property or stocks to generate passive income. Use your skills to create additional revenue without increasing your tax burden significantly. Why £147k Is Just a Step on the Ladder For many HENRYs in London, £147k feels like a milestone rather than a destination. It’s a salary that demands smart money management to build real wealth. The tax reality and high living costs mean you need to be strategic about spending, saving, and investing. If you’re earning £100k or £125k, the jump to £150k is significant but doesn’t guarantee financial comfort without changes. Understanding where your money goes and making informed decisions can help you feel richer, even if your salary stays the same. Keep in mind, wealth is about what you keep, not just what you earn. Why not also read. Maximizing Your ISAs vs Pensions Proven Strategies for High Earners to Build Wealth by 2026

Plantsea has recently made headlines by raising funds through Republic, the popular equity crowdfunding platform. This move is significant for investors and supporters who have been following the company’s journey. If you want to understand the details of this raise, including the share price and what it means for Plantsea’s future, you’re in the right place. Plantsea's logo Details of Plantsea’s Recent Fundraise Plantsea launched its latest funding round on Republic with a clear goal: to attract new investors who believe in its mission and growth potential. The company set a target to raise £500,000, aiming to accelerate product development and expand its market reach. The share price for this round was set at £1.25 per share. This price reflects Plantsea’s valuation and offers investors a chance to own a stake in a company focused on sustainable, plant-based products. For comparison, previous rounds saw share prices around £1.00, indicating a positive growth trajectory. Investors on Republic can buy shares directly, making it easy for both seasoned and new investors to participate. The campaign has already attracted significant interest, with over 60% of the target raised within the first two weeks. Why This Fundraise Matters This funding round is more than just a financial boost. It signals confidence in Plantsea’s business model and its potential to grow in a competitive market. The funds will primarily support: Expanding production capacity Launching new product lines Increasing marketing efforts to reach a wider audience By raising capital at a higher share price than before, Plantsea shows that its value is increasing, which is a positive sign for current and future shareholders. What Investors Should Consider If you’re thinking about investing in Plantsea through Seedrs, here are some points to keep in mind: Valuation growth : The increase in share price suggests the company is gaining traction. Market potential : Plantsea operates in the growing plant-based sector, which has seen rising consumer demand. Risk factors : Like any investment, there are risks, including market competition and execution challenges. Exit opportunities : Seedrs investments are typically long-term, so consider your investment horizon. It’s wise to review Plantsea’s pitch materials on Seedrs and understand their business plan before committing funds. What’s Next for Plantsea With this fresh capital, Plantsea plans to accelerate its growth and strengthen its position in the plant-based market. The company aims to introduce innovative products that appeal to health-conscious and environmentally aware consumers. For supporters and investors, this round offers a chance to be part of a company that combines sustainability with business growth. Watching how Plantsea uses these funds will be key to assessing its future success. https://europe.republic.com/plantsea/sections/pitch *This is not investment advice, pay attention to Republics warnings.

When it comes to building wealth for the future, many high earners face a common question: should I focus on maxing out my ISAs or prioritizing my pension contributions? Both options offer valuable tax advantages and growth potential, but understanding their differences and benefits can help you make smarter decisions. In this post, I’ll walk you through the key features of ISAs and pensions, highlight how providers like InvestEngine and Penfold can support your goals, and share practical tips to get the most from your investments. Investment portfolio graphs on laptop screen What Is an ISA and Why Does It Matter? An ISA, or Individual Savings Account, is a tax-efficient way to save or invest money. The government allows you to put a certain amount into an ISA each year without paying tax on the interest, dividends, or capital gains. For the 2023/24 tax year, the ISA allowance is £20,000. Key Benefits of ISAs Tax-Free Growth and Withdrawals : Unlike pensions, you can withdraw money from an ISA at any time without penalties or tax. Flexible Access : ISAs are great if you want access to your money before retirement. Variety of Options : Cash ISAs, Stocks & Shares ISAs, and Innovative Finance ISAs allow you to choose the investment style that fits your risk tolerance. No Age Restrictions : You can open and contribute to an ISA at any age, unlike pensions which have minimum age rules for withdrawals. How InvestEngine Supports ISA Investors InvestEngine offers a user-friendly platform to build and manage your Stocks & Shares ISA. They provide low-cost, diversified portfolios tailored to your risk level. For example, if you want to invest up to £20,000 annually, InvestEngine makes it easy to automate contributions and rebalance your portfolio, helping you grow your savings efficiently. Understanding Pensions and Their Advantages A pension is a long-term savings plan designed specifically for retirement. Contributions benefit from tax relief, meaning the government adds money to your pension pot based on your income tax rate. For higher earners, this can be a significant boost. Why Pensions Are Powerful Tax Relief on Contributions : If you pay 40% tax, a £100 contribution effectively costs you only £60 after tax relief. Employer Contributions : Many employers add to your pension, increasing your savings without extra cost to you. Tax-Free Growth : Like ISAs, pensions grow free from income and capital gains tax. Tax-Free Lump Sum : At retirement, you can usually take 25% of your pension pot tax-free. Higher Annual Allowance : The pension annual allowance is generally £60,000 or more, depending on your income, allowing larger tax-efficient contributions than ISAs. Penfold’s Approach to Pensions Penfold offers a modern, flexible pension solution ideal for high earners who want control and transparency. Their platform simplifies pension management, allowing you to track your pot, adjust contributions, and choose investments aligned with your goals. Penfold also helps you understand how to maximize your tax relief and employer contributions. Comparing ISAs and Pensions: What Works Best for You? Both ISAs and pensions have unique strengths. Here’s how to think about them based on your financial situation: Feature ISA Pension Annual Contribution £20,000 Up to £60,000+ (subject to limits) Tax Relief on Input None Yes, up to 45% for high earners Tax on Growth None None Access to Funds Anytime Usually from age 55/57 onwards Employer Contributions No Yes Tax on Withdrawals None Income tax on withdrawals (except 25% lump sum) Flexibility High Lower When to Prioritize ISAs You want easy access to your money without penalties. You have already maximized your pension contributions. You want to save for goals before retirement, such as buying a home. You prefer tax-free withdrawals at any time. When to Focus on Pensions You want to reduce your current taxable income. You benefit from employer pension contributions. You are comfortable locking money away until retirement. You want to take advantage of higher contribution limits. Penfold pension app Logo How to Maximize Your Savings Using Both ISAs and Pensions For many high earners, the best strategy is to use both ISAs and pensions to their full advantage. Here’s a practical approach: Max Out Your Pension Contributions First Take full advantage of employer contributions and tax relief. For example, if you earn £100,000 and contribute £20,000 to your pension, you effectively reduce your taxable income and get a boost from your employer. Use ISAs for Flexibility and Additional Savings After maximizing your pension, put money into an ISA for tax-free growth and easy access. This can be your emergency fund or savings for medium-term goals. Automate Contributions with InvestEngine and Penfold Set up regular payments to your InvestEngine ISA and Penfold pension. Automation helps you stay consistent and benefit from pound-cost averaging. Review and Adjust Annually Your income and goals may change. Regularly check your pension and ISA balances, and adjust contributions accordingly. Real-Life Example: Balancing a £100k Income Imagine you earn £100,000 a year. You decide to: Contribute £20,000 to your pension via Penfold, benefiting from 40% tax relief and employer match. Invest £20,000 in an ISA through InvestEngine for flexible growth. Keep additional savings in a high-interest account for emergencies. This approach reduces your taxable income, grows your retirement pot, and keeps funds accessible. Over time, the tax advantages and compound growth can significantly increase your wealth. Final Thoughts on ISAs and Pensions Choosing between ISAs and pensions is not an either-or decision. Both have important roles in a high earner’s financial plan. Pensions offer unmatched tax relief and employer contributions but lock your money away until retirement. ISAs provide flexibility and tax-free withdrawals but lack upfront tax relief. Using providers like InvestEngine for ISAs and Penfold for pensions gives you modern, easy-to-use platforms to manage your money smartly. By understanding the benefits of each and aligning them with your goals, you can build a strong financial future. If you haven’t already, consider reviewing your current savings strategy. Maximize your pension contributions to benefit from tax relief, then use ISAs to add flexibility and additional growth potential. This balanced approach can help you make the most of your £100k income and beyond. Why not also read: The Hidden Costs of Living in London: Why £150K Isn't Enough to Feel Rich Welcome to TheHenry: Your Guide to Wealth Building for High Earners Maximize Your Savings: Understanding Salary Sacrifice, Pension Contributions, and Tax Benefits

Saving for retirement can feel overwhelming, especially when you want to make the most of your income while reducing your tax bill. One powerful way to boost your savings is through salary sacrifice into your pension . This method not only helps you build a larger retirement fund but also offers significant tax advantages. In this post, I’ll walk you through how salary sacrifice works, the limits on contributions, the tax savings you can expect, and the potential growth of your pension if it earns an 8% return. How salary sacrifice can increase pension savings What Is Salary Sacrifice and How Does It Work? Salary sacrifice is an arrangement between you and your employer where you agree to give up part of your salary in exchange for your employer making an equivalent contribution to your pension. Instead of receiving that portion of your salary as take-home pay, it goes directly into your pension pot. This setup is tax efficient because: You pay less income tax since your taxable salary is reduced. You pay less National Insurance contributions (NICs) because your salary is lower. Your pension grows faster thanks to these tax savings. For example, if you earn £40,000 a year and agree to sacrifice £5,000, your taxable income drops to £35,000. You pay income tax and NICs on £35,000 instead of £40,000, while your pension receives the full £5,000 contribution. Limits on Pension Contributions Through Salary Sacrifice There are rules on how much you can contribute to your pension each year without facing tax charges: Annual Allowance : The maximum you can contribute to your pension each tax year (including employer contributions) is £60,000 for most people (2023/24 tax year). Contributions above this limit may trigger a tax charge. Minimum Contributions : There is no legal minimum contribution for salary sacrifice, but many employers set a minimum to make the scheme worthwhile. Lifetime Allowance : The total amount you can accumulate in your pension without extra tax is £1,073,100. Exceeding this can lead to tax penalties. Keep in mind, your employer might have their own limits on how much salary you can sacrifice, so check your company’s policy. How Much Can You Save on Tax? Salary sacrifice reduces your taxable income, which lowers both income tax and National Insurance contributions. Here’s how the savings break down: Income Tax Savings : If you are a basic rate taxpayer (20%), every £1,000 you sacrifice saves you £200 in income tax. National Insurance Savings : Employees pay 12% NICs on earnings between £12,570 and £50,270 (2023/24). Sacrificing £1,000 saves £120 in NICs. Higher Rate Taxpayers : If you pay 40% income tax, the savings are even greater. You save £400 in income tax plus £120 in NICs per £1,000 sacrificed. Example Calculation If you sacrifice £5,000: Taxpayer Type Income Tax Saved NICs Saved Total Saved Basic Rate (20%) £1,000 £600 £1,600 Higher Rate (40%) £2,000 £600 £2,600 This means your pension receives £5,000, but your take-home pay only reduces by £3,400 (basic rate) or £2,400 (higher rate), making it a very tax efficient way to save. Potential Returns on Your Pension Contributions The power of salary sacrifice grows when you consider investment returns. Suppose your pension investments earn an average annual return of 8%. Here’s what happens to your contributions over time: Years Contribution (£5,000/year) Value at 8% Return 10 £50,000 £67,000 20 £100,000 £233,000 30 £150,000 £560,000 | This example assumes you contribute £5,000 every year through salary sacrifice. The compounding effect means your pension pot grows faster than just the sum of your contributions. Visual representation of pension growth over time Practical Tips to Maximize Your Pension Savings Start Early : The longer your money stays invested, the more time it has to grow. Check Your Employer’s Scheme : Understand the salary sacrifice rules and limits your employer offers. Contribute Up to the Annual Allowance : Aim to contribute as much as you can without exceeding £60,000 to maximize tax benefits. Review Your Pension Performance : Keep an eye on how your pension investments perform and adjust if needed. Consider Your Tax Bracket : Salary sacrifice is especially beneficial if you are in a higher tax bracket. Things to Watch Out For Impact on Take-Home Pay : Salary sacrifice reduces your immediate income, so budget accordingly. Effect on State Benefits : Lower reported earnings might affect some state benefits or mortgage applications. Pension Access Rules : Money in your pension is usually locked until age 55 (rising to 57 in 2028), so don’t rely on it for short-term needs. Why not read: Top UK Jobs Paying Over £120k Can ChatGPT Guide You to Earning £100k through Side Hustles in 2026? Understanding the Differences Between EIS and SEIS Investing: Tax Benefits, Returns, and Risks

Finding high paying jobs in the UK that offer salaries over £120,000 can feel like searching for a needle in a haystack. Yet, many sectors consistently offer these lucrative opportunities. Whether you’re starting a job search or considering a career change, understanding which roles pay well, where they are located, and what qualifications you need is essential. I’ll walk you through some of the top-paying jobs in the UK, the key areas where these roles are concentrated, and the qualifications that can help you get there. City skyline with financial district buildings High Paying Jobs in Finance and Banking The finance sector remains one of the most reliable sources of high salaries in the UK. Roles such as investment bankers, hedge fund managers, and senior financial analysts often earn well above £120,000, especially in London. Where to Find These Jobs London is the financial heart of the UK, with the City of London and Canary Wharf hosting many top banks and investment firms. Edinburgh and Manchester also have growing financial sectors offering competitive salaries. How to Get Into Finance A degree in finance, economics, or business is usually required. Professional qualifications like the CFA (Chartered Financial Analyst) or ACA (Association of Chartered Accountants) can significantly boost your chances. Experience in internships or graduate schemes at major banks is highly valuable. Technology Roles That Pay Over 120K Tech jobs have surged in demand, and senior roles in software engineering, data science, and IT architecture often come with six-figure salaries. Key Locations London and Cambridge are tech hubs with many startups and established companies. Cities like Manchester, Bristol, and Edinburgh also have growing tech scenes. Qualifications and Skills Needed A degree in computer science, software engineering, or related fields is common. Certifications in cloud computing (AWS, Azure), cybersecurity, or data analytics add value. Building a strong portfolio of projects or contributing to open-source software can help you stand out. Legal Careers with High Salaries Senior lawyers, especially those specializing in corporate law, mergers and acquisitions, or intellectual property, can earn salaries exceeding £120,000. Where These Jobs Are Found London dominates the legal market, with many top law firms headquartered there. Other cities like Birmingham and Manchester also offer opportunities but with slightly lower pay scales. How to Qualify A law degree followed by the Legal Practice Course (LPC) or Bar Professional Training Course (BPTC) is essential. Gaining experience through training contracts or pupillages at reputable firms is critical. Specializing in lucrative areas of law can increase earning potential. Legal book and gavel symbolizing high paying legal careers Medical and Healthcare Professions Certain medical specialists, such as surgeons, anesthetists, and consultants, earn salaries above £120,000, particularly in private practice or senior NHS roles. Locations with Opportunities London and the South East have many private hospitals and specialist clinics. Major cities like Manchester, Birmingham, and Glasgow also offer high-paying medical roles. Qualifications Required Medical degree (MBBS or equivalent) followed by specialist training. Membership of Royal Colleges relevant to your specialty. Continuous professional development and experience in high-demand specialties. Executive and Management Positions Senior executives such as CEOs, CFOs, and directors in large companies often command salaries well over £120,000. Where These Roles Are Based London is the hub for corporate headquarters. Other cities with large corporate offices include Manchester, Birmingham, and Edinburgh. How to Reach These Roles A strong educational background, often including an MBA. Extensive experience in leadership roles. Proven track record of managing teams and delivering business results. Modern office building in London representing executive career opportunities Tips for a Successful Job Search in High Paying Jobs Network actively : Many high paying jobs are filled through connections and referrals. Tailor your CV and cover letter : Highlight relevant qualifications and achievements. Consider recruitment agencies : Specialized recruiters can open doors to exclusive roles. Keep learning : Continuous professional development keeps you competitive. Be open to relocation : Some of the best-paying jobs are concentrated in specific cities. Summary While the UK job market is notorious for stagnant low pay there are lots of industries out there that pay well. We have lots of tip and advice to help you get there.

Earning £100k a year from side hustles sounds ambitious, especially when juggling a full-time job or other commitments. But with the rise of AI tools like ChatGPT, many wonder if this technology can help turn side projects into serious income streams. Can ChatGPT really guide you to hitting that £100k mark in 2026? Let’s explore practical ways to use ChatGPT for advice, ideas, and support across a wide range of side hustles tailored for the UK market. Using ChatGPT to explore side hustle ideas How ChatGPT Can Support Your Side Hustle Journey ChatGPT is a powerful AI language model that can generate ideas, draft content, answer questions, and provide tailored advice. It’s like having a knowledgeable assistant available 24/7. Here’s how it can help you build side hustles that might add up to £100k: Idea generation: ChatGPT can suggest side hustle ideas based on your skills, interests, and market trends. Business planning: It can help you outline business models, pricing strategies, and marketing plans. Content creation: From blog posts to social media captions, ChatGPT can draft content quickly. Customer communication: It can assist in writing emails, proposals, or customer support replies. Learning and research: ChatGPT can provide summaries of complex topics or guide you to useful resources. While ChatGPT won’t do the work for you, it can speed up many tasks and help you avoid common pitfalls. Side Hustle Ideas ChatGPT Can Help You Explore To reach £100k, you’ll likely need multiple income streams or one high-value hustle. Here are some options where ChatGPT can add value: 1. Freelance Writing and Content Creation Freelance writing remains a popular side hustle in the UK. ChatGPT can help you: Generate article ideas and outlines. Draft blog posts, newsletters, or product descriptions. Edit and improve your writing style. With rates ranging from £50 to £300+ per article depending on niche and experience, landing regular clients can build a solid income. 2. Online Tutoring and Course Creation If you have expertise in a subject, tutoring or creating online courses can be lucrative. ChatGPT can assist by: Creating lesson plans and study materials. Drafting course outlines and quizzes. Suggesting marketing angles to attract students. Tutors in subjects like maths, languages, or coding can charge £20-£50 per hour, while courses can generate passive income. 3. E-commerce and Dropshipping Running an online store is a popular side hustle. ChatGPT can help you: Research trending products in the UK market. Write compelling product descriptions. Plan social media posts and ads. While margins vary, successful stores can generate thousands monthly. ChatGPT can also help with customer service templates. 4. Consulting and Coaching If you have professional skills, consulting or coaching can command high fees. ChatGPT can: Help you draft proposals and contracts. Prepare coaching session scripts. Create marketing content to attract clients. Consultants in finance, marketing, or career coaching can charge £50-£200+ per hour. 5. Creative Services Graphic design, video editing, or photography can be side hustles enhanced by ChatGPT through: Writing client briefs and project proposals. Generating ideas for creative projects. Drafting social media captions to promote your work. Combining creative skills with ChatGPT’s support can increase efficiency and client reach. Tips to Maximise Earnings Using ChatGPT To approach the chat100k goal, consider these strategies: Combine multiple hustles: Diversify income streams to reduce risk. Automate repetitive tasks: Use ChatGPT to draft emails, content, or responses quickly. Focus on high-value clients: Target clients willing to pay premium rates. Build a personal brand: Use ChatGPT to create consistent, engaging content that attracts followers. Track your progress: Regularly review income and adjust strategies. Challenges and Realities While ChatGPT is a helpful tool, earning £100k from side hustles requires dedication, time, and skill. Some challenges include: Competition: Many side hustles are crowded markets. Time management: Balancing side hustles with a full-time job can be tough. Skill development: You still need to develop and refine your skills. Legal and tax considerations: UK regulations require proper reporting and compliance. ChatGPT can guide you, but success depends on your effort and strategy. What Does the Future Hold for ChatGPT and Side Hustles? AI tools like ChatGPT will continue to improve, offering more personalised advice and automation. In 2026, using AI to support side hustles will likely be standard practice. Those who learn to use chat100k strategies effectively could see significant financial rewards. Final Thoughts on Using ChatGPT to Earn £100k in Side Hustles ChatGPT can be a valuable partner in your side hustle journey, offering ideas, content, and planning support. While it won’t guarantee £100k, it can help you work smarter and explore a wide range of opportunities. The key is to combine AI assistance with your skills, persistence, and smart choices.

Many high earners find themselves in a tricky spot: earning well but not yet feeling truly rich. If you’re in this group, you might be wondering how to turn your strong income into lasting wealth by 2026. I’ve been there, and I want to share practical steps that helped me—and can help you—build real financial security in the next few years. This post covers smart ways to grow your savings, invest wisely, and keep your spending in check. We’ll look at how to make the most of your pension, max out your Stocks and Shares ISA, and explore investment options like SEIS and EIS funds. Plus, I’ll explain why aiming for promotions and controlling expenses are just as important as investing. Make Your Pension Work Harder for You Your pension is one of the most powerful tools for building wealth, especially if you start using it effectively now. Many high earners overlook the full potential of their pension plans, but with tax relief and compound growth, it can be a game changer for your 2026 goals. Maximise contributions : Try to contribute as much as you can to your pension each year, up to the annual allowance. This not only grows your retirement pot but also reduces your taxable income. Check your employer match : If your employer offers matching contributions, make sure you’re contributing enough to get the full match. That’s free money you don’t want to miss. Review your pension investments : Don’t just set and forget. Look at where your pension funds are invested and adjust if needed to match your risk tolerance and time horizon. By focusing on your pension now, you’re setting up a strong foundation for wealth that will continue to grow well beyond 2026. Max Out Your Stocks and Shares ISA A Stocks and Shares ISA is a tax-efficient way to invest in the stock market. For high earners who aren’t yet rich, this is a key vehicle to grow your wealth without paying capital gains tax or income tax on dividends. Use the full allowance : Each tax year, you can invest up to £20,000 in an ISA. Make it a goal to max this out every year leading to 2026. Diversify your investments : Don’t put all your money in one stock or sector. Use funds or ETFs to spread risk across different industries and regions. Consider regular contributions : Setting up monthly payments into your ISA can smooth out market ups and downs and build your portfolio steadily. The ISA is a flexible and accessible way to build wealth, and by maxing it out, you’re taking full advantage of tax benefits that can accelerate your progress. Building wealth with smart investments and planning Explore SEIS and EIS Funds for Higher Growth Potential If you’re comfortable with higher risk and want to boost your 2026 goals, Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) funds offer attractive tax reliefs and growth opportunities by investing in smaller, early-stage companies. SEIS : Offers up to 50% income tax relief on investments up to £100,000 per tax year. It’s designed for very early-stage startups, which means higher risk but potentially higher returns. EIS : Provides 30% income tax relief on investments up to £1 million per tax year and defers capital gains tax. EIS investments tend to be in slightly more mature companies than SEIS. Tax benefits : Both schemes offer loss relief, which can reduce your tax bill if the investment doesn’t perform well. Due diligence : These investments are riskier and less liquid, so research carefully or consult a financial advisor before committing. Including SEIS or EIS funds in your portfolio can diversify your investments and offer tax advantages that support your wealth-building journey. Keep Spending Under Control High earners often face lifestyle inflation—spending more as they earn more. This can stall wealth growth even with a strong income. To hit your 2026 goals, controlling spending is essential. Track your expenses : Use budgeting apps or spreadsheets to see where your money goes each month. Set spending limits : Decide on reasonable budgets for categories like dining out, travel, and shopping. Avoid lifestyle creep : Just because you earn more doesn’t mean you need to spend more. Prioritize saving and investing instead. Focus on value : Spend on things that truly improve your life and cut back on impulse purchases. By keeping your spending in check, you free up more money to invest and grow your wealth faster. Aim for Promotions and Salary Growth Increasing your income is one of the fastest ways to build wealth. While investing and saving are crucial, don’t overlook the power of career growth. Set clear career goals : Know what roles or positions you want to reach by 2026. Develop skills : Invest in training or certifications that make you more valuable to your employer. Network strategically : Build relationships that can open doors to new opportunities. Ask for raises : Prepare evidence of your achievements and contributions to negotiate better pay. Even a modest increase in salary can significantly boost your ability to save and invest, accelerating your path to wealth. Summary and Next Steps Building wealth by 2026 as a high earner requires a mix of smart investing, disciplined spending, and career focus. Start by maxing out your pension contributions and Stocks and Shares ISA to take advantage of tax benefits. Consider SEIS and EIS funds if you want to add higher-growth investments with tax reliefs. Keep your spending under control to free up more money for investing. Finally, pursue promotions and salary increases to boost your income. Your next step is to review your current financial situation and set clear targets for each of these areas. Small changes now can lead to big results by 2026. Take control of your finances today and watch your wealth grow steadily over the next few years.

If you earn over £100,000 a year but don’t yet feel rich, you’re not alone. Many high earners find themselves in this position—earning a solid income but still unsure how to grow their wealth effectively. That’s exactly why I created TheHenry. This website is designed to help high earners, not rich yet , like you, take control of your finances, save smartly, and invest wisely with tax efficiency in mind. Whether you want to build a safety net, plan for early retirement, or simply grow your wealth steadily, TheHenry offers clear, practical advice tailored to your unique financial situation. Financial planning setup with documents and calculator Financial planning setup with documents and calculator Who TheHenry Is For TheHenry is for professionals and workers who have reached a significant income milestone but haven’t yet achieved the financial freedom they desire. You might be a doctor, engineer, tech specialist, or entrepreneur earning over $100,000 annually. Despite your income, you might feel stuck because: Your expenses seem to grow as fast as your salary. You’re unsure how to invest without risking too much. You want to reduce your tax burden legally. You want to build wealth but don’t know where to start. If any of this sounds familiar, you’re in the right place. TheHenry focuses on helping you invest smartly and save efficiently so your money works for you. What You Will Find Here At TheHenry, I break down complex financial topics into easy-to-understand guides and actionable steps. Here’s what you can expect: Saving Strategies That Work Saving money is the foundation of wealth building. But saving isn’t just about putting money aside—it’s about doing it in a way that fits your lifestyle and goals. You’ll find tips on: Setting realistic savings goals based on your income and expenses. Automating savings to make it effortless. Prioritizing emergency funds without sacrificing investment opportunities. Tax-Efficient Investing One of the biggest advantages for high earners is using tax-efficient investment strategies. Taxes can take a big bite out of your returns if you’re not careful. I’ll guide you through: Understanding tax-advantaged accounts like ISA's, Pensions, VCT's, EIS and SEIS. Using investment vehicles that minimize tax impact. Timing your investments and withdrawals to reduce taxes. Smart Investment Choices Investing can feel overwhelming, especially when you’re balancing risk and reward. TheHenry helps you: Choose investments that match your risk tolerance and timeline. Diversify your portfolio to protect against market swings. Understand the difference between active and passive investing. Real-Life Examples and Case Studies Theory is great, but seeing how others have succeeded makes it real. I share stories and examples from people who were once high earners, not rich yet, and how they built their wealth step by step. Why Focus on High Earners Not Rich Yet? Being a high earner doesn’t automatically mean you’re wealthy. Many people earn six figures but still live paycheck to paycheck or feel financially insecure. This happens because: Lifestyle inflation increases spending as income grows. Lack of clear financial goals leads to scattered efforts. Missing out on tax-saving opportunities reduces net income. Fear or confusion about investing slows wealth growth. TheHenry exists to close this gap. I want to help you move from earning well to building lasting wealth. How to Get Started If you’re ready to take control of your financial future, start with these simple steps: Track your spending for a month to understand where your money goes. Set clear financial goals —whether it’s saving for a home, retirement, or a side business. Build an emergency fund that covers at least 3-6 months of expenses. Explore tax-advantaged accounts available to you and start contributing. Learn about investing basics and consider starting with low-cost index funds. Each of these steps will be covered in detail on TheHenry, with practical advice you can apply immediately. What Makes TheHenry Different There are many finance websites out there, but TheHenry is unique because it focuses specifically on the challenges and opportunities of high earners who are not yet rich. I understand that your financial needs are different from those just starting out or those already wealthy. This site offers: Clear, jargon-free explanations. Practical advice tailored to your income level. Strategies that balance saving, investing, and tax planning. A supportive community of like-minded earners. Your Next Step Building wealth is a journey, not a sprint. TheHenry is here to guide you every step of the way. Start by exploring the articles and tools available, and subscribe to get updates on new content designed to help you save more, invest smarter, and keep more of what you earn.