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"Sharing ideas to increase your income for today and your wealth for tomorrow."

Published: 1st August 2014 10:22
"Sharing ideas to increase your income for today and your wealth for tomorrow."

Coins and magnifying glass

 

 

SLR Investment Consultants Limited was founded by Lesley Reeves in 2009 and became a limited company in April 2011.  We are a team of consultants with over 35 years' experience in financial services and building property portfolios between us. 

(Team Photo - left to right Neil Copeland, Ian Wicks, Lesley Reeves, Gary Hobday, Kevin Stephens.)

How to get more from your savings.

We have many clients relying on the interest they receive from their savings to support low incomes.  If those savings are in banks and building societies low interest rates mean this is becoming impossible without dipping into the capital, and so they are losing money.

A recent article in the Telegraph by Dan Hyde on 31st July 2013 reported that the interest on longer-term savings products has fallen to a nine-year low. For example, the average interest paid on one-year bonds has fallen from 2.06 % to 1.85% in the last month alone. It is the first time the figure has dropped below 2% since records began in 2004. The Telegraph also discloses that banks and building societies have since January knocked nearly £850m off the annual interest paid to savers. The cuts coincide with banks making billions of pounds in profit in the first half of this year.

Research by our team showed the highest fixed rate for a £10,000 1 year term bond according to moneysupermarket.com on 13th September was 1.80% gross which equates to £180 before tax and £144 after 20% tax deducted. 

Working with reputable and well established partners we have shown our clients how to achieve 12% fixed income on a 1 year bond, so on that £10,000 investment they receive £1,200 before tax and £960 after 20% tax deducted.  This can support low incomes and avoid the need to dip into capital.

We also offer a free, no obligation face to face consultation at a place and time convenient for you, book your appointment by emailing us at enquiries@slric.com

We are always looking for new ways to increase your income for today and your wealth for tomorrow.  Keep in touch to see our latest news at http://www.slrinvestmentconsultants.com/ or through Facebook (www.facebook.com/SLRInvest) and on Twitter (@SLRInvestment).

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SLR Investment Consultants are not regulated or authorised by the Financial Conduct Authority (FCA) to give advice on regulated or unregulated investments.  Neither do we charge consultation fees.  Company number 07570263.  Registered address, 9 Birkbeck Gardens, Woodford Green, Essex, IG8 0SA

 

 

 

 

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