General FAQs

What is a savings plan?
Simply put, a savings plan is something that you pay into whilst you are earning money by working, which then pays you money when you need larger amounts fo...
Thu, 3 Sep, 2020 at 2:01 AM
What is the S&P500 Index?
It’s one of the most commonly followed stock market indices, probably the most well known one worldwide, which tracks the performance of the top 500 largest...
Thu, 3 Sep, 2020 at 2:02 AM
Why is a savings plan better than keeping it in a bank account?
The purpose of a savings plan is to make sure that you have got money put aside to cover a wide variety of short-term, medium-term, and long-term financial ...
Thu, 3 Sep, 2020 at 2:03 AM
Are there any other products available?
Yes – our team runs several websites, each one focussing on a different important financial product which we’ve picked out as the best in its category. Thes...
Thu, 3 Sep, 2020 at 2:03 AM
Can I have this savings plan if I am a freelance worker or don't have a fixed regular monthly income?
Yes – as long as what you want to do is affordable for you and won’t cause you any cashflow problems, we’re happy to set it up for you. If you want to ask o...
Thu, 3 Sep, 2020 at 2:04 AM
Can I use this product for retirement planning?
Yes – although you may want to take a look at www.PensionsForNomads.com before going any further. The main feature of the PensionsForNomads product is a cap...
Thu, 3 Sep, 2020 at 2:05 AM
Why is it better to have a longer duration than start a new short-term one every 5 years?
If you’re planning to be saving for the rest of your working life – which you should be – then it makes a lot more sense to pick a duration which fits with ...
Thu, 3 Sep, 2020 at 2:06 AM
Do I need savings?
Unless you already have more money than you will ever need for the rest of your life, you need savings – and it’s the same for everyone else. How else will ...
Thu, 3 Sep, 2020 at 2:06 AM
How does this savings plan fit into my overall financial planning?
This savings plan is just one, very important part of your financial planning. It provides an ideal solution to one of the major requirements for your futur...
Thu, 3 Sep, 2020 at 2:07 AM
How important is it to have savings?
Of course, we’re going to say it’s very important – but it’s not relevant what we think, it’s only relevant what you think, because a savings plan is for Fu...
Thu, 3 Sep, 2020 at 2:08 AM