In the second half of 2000 some stockbrokers will begin offering reduced-price online share dealing to personal investors. Others are sure to follow and such competition can only be a bonus for investors. In addition to stockbroking divisions, the banks have other strategies for attracting the newly wealthy. Some act as brokers for the products of several companies and do not charge customers for an investment plan while other services charge a flat fee or only offer their products. Other Investment Options Property remains a popular investment but the market for second properties has been curbed by extreme tax disincentives.
Most investment advisers say the last remaining tax shelter is an individual's pension scheme.
Subject to certain conditions and limits there is currently full tax relief on pensions contributions.