Savings And Investments - Essential Investors Guide
- Author Mark Oral
- Published July 27, 2011
- Word count 530
If you are looking forward to making real cash, you need to have a clear cut saving plan. Many people who have regular income do not have an idea on how they can invest their money. Well, other than the usual traditional savings that you just put your money in the bank account and take it out as you please, there are other great saving plans.
The world has transformed a great deal and the interesting thing is that you can easily find an online savings and investments company that will give you great investment plans. A good online company will allow you to invest in bonds. Many people fear that the bonds tend to have a long saving period before you get the returns, while others have a complete misconception that bonds are for the rich. To clear the air, you need to know that this investment is great for anyone looking forward to make regular savings.
These days there are numerous bonds on offer, including government bonds all the way to children bonds. For instance, if you decide to invest in the government bonds then you are sure that you will be getting your returns. The reason for this is quite simple; the government uses their own money to offer their bonds meaning that they can easily print up cash to help them pay back the money that they owe you.
If you decide to invest in the child bonds then you are sure that your children future is well covered. Many people prefer to give their children the money when they come of age and it is a great way to help your children start off in life. There are other savings and investments plans such as the stocks and shares ISA where you will have a tax free investment. This means that you do not incur income tax or the capital gains tax.
Companies can also decide to offer you with a tax free and friendly UK investment plan. This form of investment runs for a period of at least 10 years or more. You do not incur any further tax when your investment matures. There is also the bonus ISA where your income grows in relation to the bonus. This investment is also tax free.
Note that the aforementioned forms of investment are just some of the investments plans that you can opt for; when in fact there are many more available. All you need to do is contact your investment provider for more information.
Of course the bonds tend to run for a longer period, but while it is so, the bond also has higher returns if you compare it to the regular savings. The bonds also tend to be more secure if you compare it to other investment plans. It is also important to take into account that some financial institutions will also offer life cover as part of their product. If this is something that interests you then it is best to contact your provider for more information. The choice of the financial institution that you chose should be based on integrity and the kind of returns that they offer so choose wisely.
If you are interested in reading more information about savings and investment plans then please visit the following links:
Scottish Friendly - mutual societies such as Scottish Friendly supply financial services products. Mutual societies are owned by customers, or members.
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