Regular savings calculator
Use this calculator to find out how much your regular savings could be worth after a period of time. You can also find out how much you need to save to reach a target amount.
Providing you only invest an amount you can afford, after a few months you will become used to those payments leaving your bank account. By keeping your money at arms length you could build up a significant fund for the future.
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.
You can generate tax free returns through an ISA (Individual Savings Account) and reclaim some of the tax you have paid through a SIPP (Self Invested Personal Pension).
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