Smart ways to fund the future
Article Abstract:
It is important to be aware of the interest rate on various savings products, as these can vary greatly. With bank and building society accounts, those which require the holder to give longer notice of withdrawal usually give a higher rate of interest. Even better rates of interest are available with postal accounts. It is also worth considering the National Savings Investment Account for short-term saving. For long-term saving, one of the most tax-efficient products is a tax-exempt special savings account.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Putting cash away for the longest holiday of your life
Article Abstract:
It is worth considering using windfall free shares from a building society which has abandoned mutual status as a way of boosting savings towards retirement. The shares can be sold and the money reinvested in a pension. Those who are in a pension scheme through their employment may be able to purchase additional years in the pension scheme. It is also possible to start up an additional voluntary contribution scheme with an outside pension provider.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Feeling cautious? Take the low-risk track
Article Abstract:
Tracker funds are a very good option for people who prefer a low-risk investment. They are full diversified, and tend to perform better than most actively managed funds. However, it is important to be aware that tracker funds are still equity investments, so the value of the investment will decline if the stock market performs badly. For investors who wish to protect their capital, it is worth considering protected personal equity plans.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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