Investing is a more effective way to grow your wealth than just relying on cash savings products.

Taking a bit more risk with your money by putting it to work in the stock market means you can own a stake in the biggest brands in the world or spot unloved or emerging gems.

Investment returns typically beat cash savings over the long term, plus you will usually have a better chance of beating inflation.

But choosing to invest is just the start. You also need to consider how you invest your money to ensure you are putting your hard-earned savings to work in the most effective and tax effiicient way.

Here is what you need to know about how to…