Property – alongside cash, bonds and shares – is one of the four most common types of investments.
Peer to peer lending
All savings interest will be paid gross, ie, there'll be no tax taken off. This works for ALL interest - not just savings accounts, but bank accounts, credit unions & peer-to-peer savings. Basic 20% rate taxpayers can earn £1,000/yr interest tax-free. Higher 40% rate taxpayers can earn £500/yr interest tax-free.