Secure Your Family
Short term investments are not an ideal choice for anyone looking to enjoy 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. The UK tax free bond is probably one of the popular tax free investment in Europe. You may deposit on the bond for as low as ?10 and you can also pay up to ?25 every month. A bond must have its own edge and its biggest advantage is probably the guaranteed payout. 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. Investing in a money-builder account is one of the best options if you wish to secure the financial status of your dependents. A long term investment account is an investment wherein you will choose a regular premium that you can pay 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 start as low as ?10 and go as high as ?100.
If you wish to have high returns, then going for the highest premium is very advisable as long as your income is fit for it. Prosperity plans are another type of family investments that will help secure your future. To add up, your account can also earn a bonus every year which can give you a fast growth for your income.