Pensions & Investments
Read more about the Pensions & Investments services available at Clydgrove
Savings and Investments
Why are we encouraged to save money?
From childhood most of us are told to put away money to save for the future – perhaps for something special? Or perhaps to be sure that when we really need something we have the funds to acquire it, without taking on debt? Whether you place your money in a piggy bank, or in a multinational investment house, our aims are broadly the same; to provide for our future needs, and to protect ourselves against unexpected causes of expenditure.
When planning your finances, it is important to distinguish the difference between savings and investments. Savings are generally funds that you set aside, but can be accessed relatively quickly. These savings are often for a specific need or purchase, like a holiday or a new car. The most common way of ‘saving’ is into a bank account (‘deposit’ account) where the money can be accessed in an emergency, and for every £1 you put in, you will get £1 back and possibly some interest.
Investments are designed to be held for a longer term, usually at least 5 years. You need to be comfortable with tying up this money for a period of time, and should not consider investments unless you have some savings in place. Most investments are not guaranteed to return your money in full, although they do offer the prospect of potentially higher returns than deposit accounts.
Returns, risk and volatility are the factors that will determine a suitable place for your savings.
Clydegrove have fully trained qualified professional financial advisers available who will be able to explain risk and reward in more detail.
Please contact us before making any decisions.
Call 0141 764 1400 to talk to Clydegrove about your Savings and Investments
Pensions
The world of pensions has changed dramatically over the last few years and Clydegrove have fully trained qualified professional financial advisers available who will be able to help explain the pension market to you.
We can offer help and explain any of the following:
- Workplace Pension
- State Pension
- Occupational Pension
- Personal Pensions
We can also offer help and advice regarding Retirement Options
There are now a vast array of different products that may be used at retirement to provide benefits from the traditional form of annuity that provides a regular income stream to Flexi-access drawdown which enables lump sums of benefits to be taken either as a one-off payment or over a given number of years.
Given the complexity and choice all individuals now have it is important to seek independent financial advice before making any decisions and Clydegrove will be delighted to assist you.
Call 0141 764 1400 to talk to Clydegrove about your Pension options
Require more information?
If you would like more information or would like to ask us a question then call us on 0141 764 1400.
To ask us a question online click here.