Thursday 17th January 2008
Britons have been warned not to turn to unusual investment options in an attempt to profit in an uncertain economic climate.
Jason Butler, partner at Bloomsbury Financial Planning, argues that easy investments are a much better option.
He advocates purchasing National Savings certificates as the most suitable vehicle for those who "dont want to go into the whole thought process of what risks they can cope with".
"Get a real return of over one per cent - tax free, risk free and you get your money back," he observes.
Mr Butler concludes that the rate of return from National Savings certificates is better than that which may be expected from the lottery.
National Savings & Investment explains that the certificates are free of both income tax and capital gains tax, regardless of the rate the bearer usually pays.
This includes there being no need to declare the interest earned on the product when filling in tax returns.
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