“There is clearly more work to be done to get women on an even keel with men in terms of investment income. This investment gender gap needs to be closed.”“One simple step that can be taken by women to maximise investment income is to ensure you are making full use of tax reliefs available. Billions of pounds are wasted each year due to investors not structuring their investment portfolios in a tax efficient way.”
“Making use of ISA allowances, marriage allowances and Capital Gains Tax allowances all help.”
“Steering clear or not relying on low-risk low-return cash products, such as cash ISAs, is also important. Cash has consistently underperformed for investors over the long term.”
“Building wealth is easier when after you work out your risk appetite and long term goals. This enables you to structure an investment portfolio that you feel comfortable with and then simply build on it as you earn.”
