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FINANCE
We will bring you a financial feature every fourth issue, if you have a financial
question, please write in to the paper. |
Tips for increasing your day-to-day income in
a climate of low interest rates
Things I'd like to know
Q: Is the stock market my only option to generate an income?
A: No, although with shares you do have the chance to see capital growth over time as
well. This is why 'equity income' trusts have been a popular choice for income-seeking
investors.
Q: What are the benefits of opting for gilts?
A: Gilts are a safe option, as they are backed by the Government. The UK Government (like
most governments around the world) issues gilts when it wants to raise revenue to fund its
spending plans. Gilts are issued at a set price and generally pay you a fixed interest
rate throughout a set term, after which their original face value is repaid.
Q: Should I consider corporate bonds?
A: While only governments can offer gilts, publicly quoted companies can issue something
very similar - corporate bonds - and these could potentially pay higher returns than
gilts, although they carry a higher risk-reward profile. Companies that want to raise
money issue bonds and agree to pay a fixed interest rate for a pre-set period, after which
they repay the original face value.
Q: When do corporate bond funds pay out their income?
A: Many funds pay twice a year or quarterly but several now pay monthly. Buying corporate
bond trusts through an ISA wrapper means you get the interest paid entirely tax free.
Q: Should I consider National Savings products?
A: National Savings offer special products to retired people and should be considered if
deemed appropriate, although the current rates of return are not that high.
Q: Could distribution bonds be another option?
A: These have fewer safety-first features. While the risks can be higher, so too can the
returns. Their aim is to provide a rising 'income' over the years, together with some
capital gains.
Levels and bases of, and relief from, taxation are subject to change. Because these
investments may go down in value as well as up, you may not get back the full amount
invested, especially if you withdraw from it in the early years. The Financial Services
Authority does not regulate tax advice, National Savings and deposit accounts.
If you would like further information on the above or any other investments phone Pam
Blyth Financial Future IFA Ltd on 01263 825037 for a free appointment. |
READERS
LETTER |
I had Carol Fletcher come in to discuss my curtains, what a pleasure. She
took her time and bought numerous material samples with her. I was able to sit in the room
with the correct light and all the new wallpaper etc., etc., We went through design with
great detail and the choice of trimmings was brilliant. At the end of quite a few
consultations Carol made, then came to fix the curtains for me. My guest never fail to
make a wonderful remark on the room and the ladies always have a good look at the curtains
and say the are stunning. Well done Carol. You made a difficult job so easy and pleasant.
Thank you.
Avril B. Millar, Knollside Lodge, Sheringham |
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The Opening Day will be on Sunday 1st August
and festivities will be centred around The Leas, The Esplanade, the promenade and beach.
Local organisations and charities who would like to promote themselves and to raise funds
for their causes should contact Martyn Jackson 01263 822728 as soon as possible so that
space can be reserved for them. The stalls and displays would be open from 11am to 5pm.
CALLING ANY LOCAL PERFORMERS (SOLOISTS, DUOS ETC.) - MUSICIANS, BUSKERS, ETC. Would you
like to perform along the promenade on Sunday 1st August in the afternoon as part of the
carnival opening day festivities? If so please contact Martyn Jackson, 01263 822728 so
that you can be given a ''slot'.
Does anyone have a disused garage or barn that they would be willing to allow the carnival
association to use to store the chassis of their old carvan which will later form the base
of a carnival queen float. If there is room to build the float there too, so much the
better. If you can help please phone John Ashton, Carnival chairman 01263 823711. |
Sheringham History
Group
The next meeting will take place on 7 April, 7.30pm at The Burlington Lodge, St. Nicholas
Place. The topic for discussion will be 'Sheringham in WWII' and continuation of the March
topic. All are welcome. For any queries phone Mary 01263 825157 |
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