Whether it's because you’ve won money on the lottery, inherited, or built up a tidy nest egg by saving on a regular basis, your money should be wisely invested so that its spending power may be protected for the future. Leaving large amounts of money on deposit in banks or building societies may not be the most appropriate long-term investment decision.
Although these accounts are 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 inflation.
Many people recognise that in order to achieve better long term protection for their money against the effects of inflation, it is often worth considering equity related investments. These are investments 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 such as Unit Trusts, Investment Trusts or perhaps even a Life Assurance policy.
These investments do not including the same security of capital which is afforded with a deposit account.
The value of your investment can go down as well as up and you may get back less then your original investment.
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 their future income needs.
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.
Whether you want to set up a New Individual Savings Account (NISA) or work out how to save money for that once in a life-time event, we can help you achieve those goals. Just ask one of our advisers and they can set you on the right track.