Inflation can quickly eat into the value of your savings and, with interest rates low, many are failing to maintain the spending power of their savings after tax.
While cash is guaranteed not to lose money there may be a price to pay for that security. To give you an idea of the effect inflation could have on your savings simply enter your details below. You can also experiment with different scenarios.
Your savings value results
Future costs in
To give you an idea of how inflation increases the cost of everyday items some example future costs are shown below. These assume the prices rise at per annum which may not happen in practice.
A 70 litre
: £
Today's price: £
A
: £
Today's price: £
A
: £
Today's price: £
A
: £
Today's price: £
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