Secure Your Family
Short term investments are not an ideal choice for anyone looking to enjoy a good return on investments in the future. This is because even though some of these short term investments may have very high rates of return, their risk of loss is also extremely 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.
The tax free investment is one of the best option that you will have. The best part about tax free investment is that you can save or invest money without paying tax on the interest that you have earned. One of them is the UK tax free bonds. In the UK tax free bond, you can pay up to ?25 every month, however, you can start deposit on the bond for as low as ?10. 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. The payout given at the end is much higher than any high interest bank savings account could earn you. As long as you pay a high number of amount in a month, you will surely receive a high minimum of cash amount at the end of your bond life.
There are times where families experience financial strain at the most unexpected time, thus, it is important to secure the investment of the family and it must be high enough in order to support the family in times of need. 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. A regular premium is a premium that you can choose under the long term investment wherein you can pay for every month. The premiums increase by 20% every year so that by the end of the first five years, you are paying double the amount of premiums you started with. Payment plans start as low as ?10 and go as high as ?100.
If your income allows for it, go for the highest premium plan on offer so as to ensure high returns. Another option that will help you secure the future of your family is the Prosperity plans. To add up, your account can also earn a bonus every year which can give you a fast growth for your income.
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