There are a lot of options out there, and while it’s possible to take an active role in managing your own investments and be hands-on, you can also choose to pass responsibility to an expert. This is something that’ll be down to how confident you are handling your finances, how much time and money you have to spare and whether you think an expert could help you make a difference with your returns.Learn more :theinvestorscentre.co.uk

A common first step is to make use of any tax-free investment opportunities you can find. This includes ISAs, SIPPs and self-invested personal pensions. These wrappers can keep your money legally out of the taxman’s hands, although it may come with some charges, depending on how you structure your investments.

How to Start Investing in the UK – A Beginner’s Guide

Another popular way to invest is with funds such as unit trusts and OEICs. These are a ready-made form of diversification that allows you to buy a stake in hundreds, or even thousands, of individual companies. Another option is to buy shares in specific companies, which can be seen as a riskier approach but can offer higher returns.

Alternatively, you can go for more ‘impact’ investing where your money goes to companies or projects that aim to achieve positive social and environmental outcomes. These types of investments are usually a bit more expensive than regular investing, but they can potentially bring higher returns.