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a4 (Government bonds and gilts, Depost and savings account, Pension,…
a4
Government bonds and gilts
debt instrument
issued by the government
buy a bond from goverment which makes the government indebted to you
Extremely low interest rate.
IOU: Buy now paid later by government.
Depost and savings account
Easy To Transfer - Linked to Current Account
Generates Interest
Easier To withdraw
Lower Interest than ISA
Putting Money Away
Pension
Money put away each payday to a fund for you to recieve when you retire.
£230 a week
Auto Enrollment - Legal Requirement.
Premium Bonds
Relatively higher interest rate.
Income / interest that is exempt from tax limits
Will Require a minimum deposit
Not Liquid
Premium Bonds
Risking potential interest (con)
no guaranteed price
max £50,000 for entries
Tax Free winnings
Shares
Recieve dividends proportional to ownership %
Dependant on company profits
purchased to get ownership / equity in a business
Overdraft
ability to withdraw money that you do not have from a current account