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Calculate the rate at which your savings will grow.
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The initial savings amount.
The monthly savings amount.
The average annual interest rate.
The average annual inflation rate.
The number of years to save over.
The amount to consider as the investment into the fund.
The expected annual rate of return of the investment.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
06 Sep 2023
The UK's annual inflation rate fell to 6.8% in July, down from 7.9% in June, according to the latest data from the Office of National Statistics (ONS).
The UK is set for five years of lost economic growth, according to research from think tank the National Institute for Economic and Social Research (NIESR).
More than a third of English households will see higher energy bills this winter than they did last winter, according to research published by the Resolution Foundation.