Rental income from property In the UK we have had a long running love affair with property as an investment and, more recently, ‘buy to let’ has become increasingly popular. On the face of it, there are significant advantages to using ‘buy to let’ as a means of providing income in retirement. There is the [...]
Savings & Investments Part 5: Unit trusts and OEICs
Unit Trusts and Open-Ended Investment Companies (OEICs) are another way to provide a tax efficient income. Your money is put into a fund and pooled along with money from other investors. This pooled fund is then invested across many different investments by a fund manager. What’s the difference between a unit trust and an OEIC? [...]
Savings & Investments Part 5: Purchased Life Annuities (PLAs)
Purchased life annuities can be a very effective way of providing income in retirement, but they suffer from the same disadvantages that all lifetime annuities suffer from: Once you’ve paid your money, you can’t get at it (other than the income payments you’re entitled to)…
Savings & Investments Part 5: Investment Bonds
Investment bonds are single premium savings contracts usually bought from an insurance company. That means you pay the insurance company a lump sum which they will invest on your behalf in the fu.nd(s) of your choice. The key attractions of these products for retirees are…