Futura Independent Financial Advisers aim is to make your money work as hard as possible so that your goals are realised by maximising your investment opportunity. By helping you to understand the risk you can afford to take, and what risk you need to take, a plan can be adopted to initiate steps that can bring you closer to your financial goals.
Some options are listed below but if you want to discuss this in more detail with a professional adviser who can give you sound advice, please do not hesitate to call us on
01243 776774. Investments
Sensible investment planning is based upon understanding what your goals are. There is always risk associated with investing, whether it be low risk or high risk but it is more likely that the longer you leave your investment the better maturity value you will have.
Investment Bonds vary and are traditionally used for medium to long term investments in stocks and shares. This type of bond is versatile and as an investor the risk that you want to take with your funds can normally be matched, whether it be low risk, medium risk or high risk. They can be used with trusts to make sure your wishes are carried out upon death and can also be used to mitigate Inheritance Tax.
Unit Trust can be a pool of investments based upon your attitude to risk. The incomes from this can be distributed or re-invested, depending on your current needs and will be liable for income tax.
Equity Based ISA's can give you a better return over the medium to long term and will not be taxed at anytime, they are free of income tax liability on withdrawal (income or lump sum) and have no liability to capital gains tax. They have no term so you can decide when is best to withdraw any monies, without penalties. Cash Savings
If you want your funds to be accessible, cash based savings i.e. banks or building societies are your best option. ISA's are savings accounts where you earn tax free interest, however there are limits on how much you can deposit each tax year. Withdrawals are permitted but once the maximum amount of the ISA has been deposited in any tax year no more deposits will be permitted in that year, regardless of how much is withdrawn.