Effects of Compound Interest
The effects of compound interest are remarkable over 5, 15 or even 50 years if you start early enough. For example, at just 7.5% pa compound interest you will have achieved a 43% increase in your money after 5 years. After 15 years it will be worth 3 times your investment and after 50 years, a staggering 37 times your original investment. No matter how old you are you should be contributing towards your retirement.
Many people have switched their main retirement savings towards property (buy-to-let) and ISAs over the last few years. With the recent budget changes we believe every one of us should be relooking at our retirement savings arrangements as pensions are now a much more attractive and flexible savings vehicle than before.
Financial Advice... pure and simple
GN BYRD & CO provides financial advice and planning, in plain English, to people who want to ensure they make the right financial decisions at the right times and at the right cost. It's simple!
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