However their track record is quite good. They have appeared 25 times out of 40 in the number of top ten achievers in the last decade. The premiums range from 10 to a maximum of 25 per month and are invested in a wide spread of company shares and government securities. The emphasis is on fund management that aims to smooth out the ups and downs of the stock market over the medium to long term. All in all the safest bet is the banks and building societies savings account.
Security is the plus.
The down side is that the interest you will earn is not likely to be as high as if you invested it in some way on the stock market. On the other hand if you do have a lump sum to invest Ms, Turner suggests you use it to pay off part of your mortgage. This way you could release extra income whilst at the same time arranging an additional borrowing facility whereby you drawdown school fees as and when you need them. This means that you only borrow what you need as you need it, thus reducing the amount of interest that you pay for the loan. Additionally sometimes this can be arranged on a fee free re-mortgage basis at the same time reducing the rate of interest payable.