Most people recognise that it is wise to save a part of their income on a regular basis, to achieve their short or long term goals or to meet future income needs.
All governments recognise how important it is to encourage people to save and they normally achieve this by offering tax incentives on a whole host of savings products.
These incentives range from tax free savings on products like Individual Savings Accountants and some National Savings accounts to complicated Offshore Investment planning.
Note: The effects of inflation can reduce the spending power of any savings or investments you choose to make. You should take these effects in to account in any long-term plans. Additionally, the value of some savings or investments plans can vary and even reduce in value. If you need an explanation of the risks involved with any savings plan please contact us.