Many investors agonise for years over the right time to invest. If you're among those wondering when you should take the plunge why not consider a regular savings plan? Investing regularly can generally smooth out the ups and downs of stock market volatility and takes the worry out of timing your investment. Markets fall as well as rise, but with regular savings falling markets allow you to buy more of the investment at lower prices, so if the market eventually regains the lost ground they will count for much more. If the market rises you profit from the increasing value of investments already made.
Our HL Vantage Investment Plan (VIP) enables investors to build up substantial nest eggs by riding above the short-term rises and falls of the stock market. You can put aside as little as £100 a month, vary the amount you save and switch investments whenever you like. You can choose from more than 2,000 funds (unit trusts and OEICs) in the UK, Europe and the US as well as the faster growing economies of Asia and other emerging markets.
That's not all - the VIP also offers tax free saving with the VIP ISA and the VIP SIPP. There is no further tax to pay on income even for higher rate taxpayers and money can be withdrawn at any time without penalty from our VIP ISA.
Alternatively if you're looking to build pension income, the VIP SIPP is similarly tax efficient. Almost everyone - even children - can invest at least £3,600 gross per year and, if employed, you can invest up to 100% of your salary each tax year up to a maximum of £225,000. If you have already made use of your tax shelters you don't have to stop saving. The VIP Fund Account offers the same excellent savings, the same range of funds and the same ease and convenience as the rest of the Vantage Service.
If you have some money aside to save each month and want to get an idea what it could be worth at a point in the future take a look at our regular savings calculator. We have also produced a free guide to regular savings which you can download.
