MJR Financial Services, 33 Mercer Row, Louth, Lincolnshire, LN11 9JG
Telephone. 01507 604550 -- Email. info@mjrfinancialservices.co.uk

There are so many different types of savings and investment plans, so it is sensible to seek advice as to which ones are most appropriate to your needs....

Individual Savings Accounts (ISAs)
ISAs are a tax efficient product in which to place cash savings and investments in Stocks & Shares and Collective Investments, as money is held in an ISA, interest which accrues is free of tax.

Every eligible individual has a personal ISA allowance of 20,000 for the 2023/24 tax year. It can be invested in four different ways - in a Cash ISA (from age 16) normally a deposit with a bank or a building society, in a Stocks & Shares ISA (from age 18), an Innovative Finance ISA (from age 18), a Lifetime ISA (restrictions apply) or split across the different options. You can put money into one of each kind of ISA each tax year. Once again it is important to seek advice as to which product is most suitable to you.

Collective Investments
Most people prefer to invest in Collective Investments, such as Unit Trusts and Investment Trusts, as these funds invest in a portfolio of shares in different companies, in order to spread the investment risk. The investor is reliant on the performance of the Fund Manager and his team. You need to seek good advice, to try to ensure that funds you invest into are managed by people with a proven track record. Collectives can also invest in Fixed Interest and Corporate Bonds, which may be classed as lower risk than equity funds.

We can build bespoke Multi-Asset Portfolios and portfolios with ESG funds (Economic, Social & Governance), also known as “ethical or sustainable” funds.

Please note: The value of investments can fall as well as rise and any income from them is not guaranteed, and you may get back less than you invested. Past performance is not a guide to future performance.

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MJR Financial Services is a trading style of Michael Rice which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No. 711711 https://www.fca.org.uk/firms/financial-services-register

Telephone 01507 604550 | Email info@mjrfinancialservices.co.uk | Principal: Michael J Rice