If saving is about putting your money away, then investment is about putting it to work. When you invest, you try to make your money grow more actively than it would in a savings account, in the hope of beating inflation and ideally generating some additional returns. However, you also expose your money to more risk.
Assuming you have a pension, then you are already an investor – because your pension pot will be invested in a fund made up of different assets. You may even take an active role in managing this fund, by holding a self-invested personal pension (SIPP). But you can also hold non-pension investments to help your money grow, perhaps with a particular goal or timeframe in mind.Whether you want to be an active investor or just develop a better understanding of your pension, this quick guide to investing is for you.
This extract is taken from the Unbiased Blog.
Warning: Investments can go up as well as down
If a parent opens a savings account for a child any interest over £100 per year is taxable as the parent’s income. This restriction does not apply if the money is given by a grandparent.
Investment & Markets & Brexit Video Update September 2016
Savings and Investments in Belfast and Downpatrick.
The recent launch of the National Savings & Investments over 65 Guaranteed Growth bonds which offer investors over 65 a guaranteed rate of return on capital up to £10,000 was met with huge demand.
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