Building an investment portfolio can help you achieve long-term financial goals such as repaying your mortgage early, buying a second home, paying for your children’s university fees and even building a nest egg for your own retirement.

In order for your savings to grow in ‘real terms’ over time, however, they need to earn more than the current rate of inflation. In today’s low interest rate environment, finding a savings account that can do that is pretty difficult.

While a Cash ISA (Individual Savings Account) can offer easy access and security of your money, current low interest rates mean the returns are usually relatively small compared with your investment.

Another way you can invest is through a stocks-and-shares ISA. This tax-efficient savings method lets you invest in a wide range of funds and allows you to invest up to £20,000 for the current tax year 2018/2019.