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Investment Planning |
Whether it’s because you've won money on the lottery or built up a tidy nest egg by saving on a regular basis, your money should be wisely invested so that its
spending power is protected for the future. Leaving large amounts of money on deposit in banks or building societies may not be the long-term answer.
Although this might be seen as the traditional safe haven, recent years have seen interest rates being reduced sharply and deposit accounts may not now even be keeping the value of your money in line with changes in retail price inflation.
Many people recognise that to achieve better long-term protection for their money against the effects of inflation, it is often worth considering 'equity' related investments. These are ones that are linked to changes in the value of company shares.
You could gain access to the 'equity' markets either directly through buying shares or indirectly by investing in investment products like Unit Trusts, Investment Trusts or maybe even a Lump Sum Investment Life Assurance policy.
Please note past performance is not necessarily a guide to the future.
Most people recognise that it is wise to save a part of their income, on a regular basis, to achieve their short or long term goals or to meet future income needs.
There are many different savings opportunities, such as Unit or Investment Trusts and Life Assurance Regular Savings Plans. One or more of these plans may be appropriate for your savings needs. However, these products are normally only suitable if you intend to save for a long period.
All governments recognise how important it is to encourage people to save and they normally achieve this by offering tax incentives on a whole host of savings products for many taxpayers.
These incentives range from tax relief on pension contributions at your highest rate of tax, through to tax-free investment growth on products like ISAs.
Although Basic Rate Taxpayers are allowed to benefit from reduced taxation on Interest added to deposit accounts, this concession does not carry across to Higher Rate Taxpayers who must account to the Inland Revenue for 40% Income tax on any deposit interest received.
Levels, and bases of, and reliefs from taxation are subject to change.
Not all products and services are regulated by the FSA.
For more information and advice please contact us.
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