The benefits of regular savings plans.

Today`s post covers a crucial area of financial planning and highlights  the benefits of saving on a regular basis.

A popular way for Expatriates and International Workers to save is through a regular savings plan. Savingsplan will work with you to help you select and arrange offshore savings plans for your medium to long-term savings objectives. Offshore savings plans provide a very flexible way for expatriates to save on a regular basis for future events such as children’s education and retirement.

“Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value” Warren Buffett

If you decided to save $1000(3680aed) per month for 25 years for example the return with a 10% average compound growth would be $1,000,000 so if you would like to be a millionaire start saving today.

If you are thinking of saving some of your tax-free earnings Savingsplan can provide conventional, Shariah compliant or Takaful  products to meet your personal requirements.

Savingsplan offers access to a wide range of well-known offshore savings plans through a number of major financial institutions in highly regulated offshore centres providing client protection and confidentiality.

Offshore regular savings plans also benefit from the following,

• Tax Efficiency.
• Investment flexibility.
• The ability to take income.
• Available in multiple currencies.
• Flexibility of payments.

We research the marketplace to help you find and select a suitable savings plan for your particular requirements, making sure the plan we recommend will give you the best value for money taking into account the plans features, terms and charges.

If you would like to start saving for you and your families future, please feel free to contact us for a free financial health check.

Iain McIntyre is a Senior Consultant with LifePlus Insurance Brokers LLC

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