If you don’t already have one, each of you may choose to open a cash ISA. This way, you can both make the most of your savings because you don’t have to pay tax on any interest you earn. Generally, the longer you tie- up your money the better the interest rate. Hopefully, you’ll have time to build up a nice nest egg to help pay for the big day.
You can only put a fixed amount into an ISA every year, but if you’ve already used your ISA allowance, you can still earn interest on your savings. Look for high-interest savings accounts to maximise your money. Even if you’re only saving for a year or so, the interest could add up, which can help to reduce your wedding bill.