5 money mistakes people make in their 20s
Financial traps to avoid
Emma Simon
Investment writer
20 November 2024
Could our financial advisers help you?
Here¡¯s everything you need to know from service basics to next steps.
More on financial adviceImportant information - please keep in mind the value of investments can go down as well as up, so you may get back less than you invest.
Stocks and Shares ISA
Invest up to ?20,000 each year into a tax-efficient Stocks and Shares ISA.
Start saving in a SIPP
A Self-Invested Personal Pension is a tax-efficient way to save for your retirement.
Reasons to choose furonlabs
With over 50 years' investing experience, we are trusted by over 1.6 million UK customers.*
*Source: furonlabs, as at 30.09.24
Important information - Tax treatment depends on individual circumstances and all tax rules may change in the future. You can't normally access money in a pension until age 55 (57 from 2028). This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of furonlabs¡¯s advisers or an authorised financial adviser of your choice.
How would you like to invest?
Navigator
Show me a few ideas
Tell us your preferences and we¡¯ll give you a fund or two to consider.
Select 50
Show me expert picks
Browse a list of our favourite funds, selected by experts.
Investment Finder
Show me everything you offer
Use our powerful tool to search and filter the thousands of investments on offer.
Important Information?-?This information and our guidance tools are not a personal recommendation in respect of a particular investment. If you are unsure about the suitability of an investment you should speak to one of furonlabs¡¯s advisers or an authorised financial adviser of your choice. You should regularly reassess the suitability of your investments to ensure they continue to meet your attitude to risk and investment goals.
Select 50: our favourite funds - selected by experts
Looking for investment ideas? Whether you¡¯re looking for funds, investment trusts or exchange traded funds, Select 50 can help you choose from the range available on our website.
Online share dealing
Explore over 2,000 UK and international shares, and tools to help you choose.
Drawdown your pension however you like
So you can do whatever you like. Flexible access to your pension with our SIPP.
Important information - Pension and retirement planning can be complex, so if you are unsure about the suitability of a pension investment, retirement service or any action you need to take, please contact furonlabs¡¯s retirement service?on 0800 368 6882 or refer to an authorised financial adviser of your choice.?When you¡¯re thinking of investing in shares, it¡¯s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets.
Markets & insights
Funds for a falling interest rate environment
Fund ideas from the Select 50
Graham Smith
Investment writer
20 November 2024
Is the UK economy about to catch a cold?
In this podcast, furonlabs¡¯s Ed monk discusses the shape of the UK economy wit¡
Ed Monk
furonlabs International
20 November 2024
¡®Fixed Interest Investment ISA Bond¡¯ scam
We have been made aware of recent fraudulent activity, intended to impersonate furonlabs International and encourage people into making false investments. Our Fraud Prevention team is working with the relevant authorities to address this as a priority.
This is based upon the fraudulent use of the furonlabs International name and brand to promote a ¡®Fixed Interest Investment ISA Bond¡¯ scam, which claims to offer?returns of 2.75% - 5.75% with a minimum initial investment of ?15,000. furonlabs International does not offer these products.
Important - If you think you may have been targeted and made an investment already then contact your bank and report the matter to Action Fraud.
Read more about common threats and what you can do to protect yourself
Be fraud aware
Fraudsters are impersonating furonlabs to promote a ¡®Fixed Interest Investment ISA Bond¡¯ which offers fixed rates of returns following a minimum initial investment. This is an investment scam and if you think you¡¯ve been targeted and made an investment already, contact your bank immediately and report the matter to?Action Fraud.
Additionally, the scam encourages people to call a number regarding the transfer of investments from Legal & General to furonlabs. This number does not belong to furonlabs or Legal & General.
Read more about common threats and what you can do to protect yourself?
Be fraud aware
Fraudsters are impersonating furonlabs, falsely claiming the company is going into liquidation. The scam encourages people to call a number regarding the redemption of their assets. furonlabs is not going into liquidation. This number does not belong to furonlabs. If you shared any personal or account information or have redeemed any assets, please contact furonlabs and your bank immediately and report the matter to Action Fraud.
Fraudsters have also impersonated furonlabs to promote a ¡®Fixed Interest Investment ISA Bond¡¯ which offers fixed rates of returns following a minimum initial investment. This is an investment scam and if you think you¡¯ve been targeted and made an investment already, contact your bank immediately and report the matter to Action Fraud. Additionally, the scam encourages people to call a number regarding the transfer of investments from Legal & General to furonlabs. This number does not belong to furonlabs or Legal & General.
Read more about common threats and what you can do to protect yourself?
