Save For Your Future
Short term investments are the kind of investments for people who do not wish to have a good return on investments in the future. Short term investment is not for you if you wish to have a good return on investments in the future because there is also a chance that your loss is very high. Long term investment is also very ideal in that way you will gain profits as time goes by, enabling you to be financially stable when you go to retirement age or middle age.
Among the options that you have, the best one that you can get is the tax free investment. There are many savings and investments plans that enable you to save money without paying tax on interest earned. One of them is the UK tax free bonds. Deposits for the bonds start from as little as ?10 and you can pay up to ?25 a month. One of the greatest advantages of the bond is that payout is guaranteed. The performance of the investment in the market also matters because you might get some bonuses as a reward. Compared to other high interest bank savings account that you could earn, the payout given at the end is much higher. The higher your monthly payments, the higher the guaranteed minimum cash amount you will receive at the end of bond life.
A family should always think of their future since everything is so unexpected, thus, it is advisable that family investments should be high enough in order to suffice the needs of the family in times of financial assistance. You have to keep in mind that the security of your job doesn’t have any assurance and you have to keep in mind that the cash that you have in hand is not enough for you to start any business in the near future. In the future, all of us will going to have our dependents and the best way to secure their financial assistance is by investing in a money-builder account. This is a long term investment account under which you choose a regular premium, payable every month. You will pay double the amount of premiums you started with after five years since the premium increase by 20% every year. Payment plans can go as low as ?10 and high as ?100.
As long as your income is fit for the highest premium, then go for it, so that you will surely have high returns in the future. Another option that will help you secure the future of your family is the Prosperity plans. Your income can also grow since your account can earn an annual bonus.