Shepherds Friendly Stocks and Shares ISA Review
Finding the perfect investment account isn’t easy these days, as there are so many good options to choose from. Having said that, one excellent alternative worth looking at in more detail is the Shepherds Friendly Stocks and Shares ISA.
There are some strong reasons for believing that this could be the right type of investment to help you to get the financial future that you dream of, but are Shepherds Friendly the right ISA provider for you? This is what we’ll be looking at in this Shepherds Friendly Stocks and Shares ISA review.
Why a Stocks and Shares ISA?
Perhaps the very first point to consider is around why this kind of Stocks and Shares ISA is so popular right now. The truth is that it is seen as offering a clever way of aiming for a high return in a tax efficient way.
You don’t need to be an expert in the stock market or on tax policies in order to take advantage of this combination. Instead, you can very simply enjoy the benefits of a Stocks and Shares ISA in which the experts make the important investment decisions.
A Flexible Approach
One of the reasons that so many people look for an ISA now is to take advantage of the flexible approach that they offer. Not everyone has the same financial situation and needs, just as not everyone carries on with the same investment needs month after month.
For this reason, it is worth paying attention to the flexibility and easy access offered by the Shepherds Friendly Stocks and Shares ISA. For a start, you can increase, decrease, stop or start your investment whenever it suits you to do so.
You can also choose to pay in a lump cash sum at any time that you feel you can do this, or to pay in a regular monthly amount. Importantly, you’ll also get the chance to access your savings whenever you need to do so.
Simple to Set Up and Run
The idea of investing in Stocks and Shares is very appealing, especially for someone who wants to try and maximise their return over a long period of time. However, the thought of getting involved in complex stock market transactions is enough to put off many people.
This is why a Stocks and Shares ISA like the one from Shepherds Friendly can be a good choice. You get to invest in something that could make you a lot of money but without the potential hassle that comes with dealing directly on the stock market.
The fund managers will make all the big decisions for you, meaning that you just need to sit back and watch as your money hopefully grows at a fast rate. It is a straightforward option that you can get started up very easily and then not have to worry about keeping too close an eye on it.
Having said that, it is also easy to keep an eye on the growth of your money online if you like the idea of doing this.
How to Get Started
Opening up a brand new Shepherds Friendly Stocks and Shares ISA account is very easy to do. Also, it doesn’t matter whether you already have a cash ISA set up or whether you are completely new to the idea of investing in an ISA of any type.
If you like then you can then get started right away by applying online. The process for opening up your new account is fast and easy. You just need to read the most important points about the ISA and add in your own personal details
The starting amount for investing with Shepherd Friendly is just £30 per month, meaning that you can get going without making a huge upfront investment. Of course, if you plan to invest a higher amount in the future then you can increase this up to your entire annual ISA allowance if and when you are ready to do so..
At the time of writing, there is a fantastic promotion that makes it even more rewarding to open up your new Shepherds Friendly Stocks and Shares ISA account. Basically, when you open up your account online and then make your first payment, you get a Love2Shop voucher code that is worth up to £50!
This voucher can be redeemed online at any one of many big online retailers such as Argos, Debenhams, HMV, River Island, TK Maxx, Matalan, Mothercare and many others. However nice this gift is, there is no denying that setting up a great new savings plan should give you far more long-term satisfaction and value anyway.
Easy Tax Efficient Investing
If you want to get a tax efficient savings scheme with high growth, then it is well worth checking out the Shepherds Friendly Stocks and Shares ISA. It could be the key to a brighter future for you without the need for much great effort on your part.
Remember that the value of investments can rise as well as fall, meaning your initial capital may be at risk.