Practical and Helpful Tips: Tips

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 investments are known to have a very high rates in return, but they also have a big risk of loss. We don’t know what is in store for us […]

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 investments are known to have a very high rates in return, but they also have a big risk of loss. We don’t know what is in store for us in the future, thus, long term investment is very advisable to use since it can let you accumulate profits and money as the years go by and it will secure your financial status when you enter the retirement age or the middle age.

Among the options that you have, the best one that you can get is the tax free investment. Investing or saving money without paying tax for the interest that you have earned is probably one of the best part on the tax free investment. One of them is the UK tax free bonds. Deposits for the bonds start from as little as ?10 and you can pay up to ?25 a month. One of the greatest advantages of the bond is that payout is guaranteed. In addition, you get bonuses depending on how well the investment is doing in the market. 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 are not sure of the cash at your hand when you plan to start a business when you are laid off also, the security of your job doesn’t also have any assurance. One way to protect your dependents and secure their financial security 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 increase of the premium by 20% every year lets you pay double the amount of premiums you started with by the end of five years. Payment plans start as low as ?10 and go as high as ?100.

As long as your income is fit for the highest premium, then go for it, so that you will surely have high returns in the future. Prosperity plans are another type of family investments that will help secure your future. In addition, your account earns an annual bonus, which leads to fast growth of your money.