General FAQs

How do I decide what investment funds to pick?
By default, when you open your account, you will be 100% invested into just one investment fund – the iShares S&P500 Index tracker. However, you can hol...
Thu, 3 Sep, 2020 at 2:12 AM
What is portfolio rebalancing and why is it important?
Over time, the value of all the different components of your investment portfolio will change in value – some will go up faster than others, and at some tim...
Thu, 3 Sep, 2020 at 2:17 AM
What happens if I don't need to spend my savings at the end of my savings plan duration?
You can keep it invested and growing, in a similar type of account with Investors Trust. The only change would be that you could not keep adding regular sma...
Thu, 3 Sep, 2020 at 2:18 AM
What happens if my circumstances change?
Of course they will change! And when they do, your financial planning may need to change with them. In an absolute worst-case scenario, you can stop paying ...
Thu, 3 Sep, 2020 at 2:19 AM
What is the difference between the S&P500 and the MSCI EAFE Index?
Both are similar, yet have some key differences. The S&P500 Index tracks the performance of the top 500 largest companies which are listed on one of the...
Thu, 3 Sep, 2020 at 2:19 AM
When should I start a savings plan?
The best time to start a savings plan is as soon as you can afford to do so, without over-committing yourself. The reason for this is simple – the earlier y...
Thu, 3 Sep, 2020 at 2:20 AM
Which duration should I choose?
The best duration to choose is the duration which best fits with your personal goals and circumstances. Start with the overall aims and objectives for your ...
Thu, 3 Sep, 2020 at 2:21 AM
Are there any additional fees, charges, or other costs?
No – just those detailed in the pension plan terms and conditions, which you can find here: https://SavingsForNomads.com/terms-conditions/
Thu, 3 Sep, 2020 at 2:21 AM
Are there any loyalty bonuses?
Yes – as long as you have continued to pay into your account as per the original plan, and haven’t yet made any withdrawals. These are as follows:   7.5% ...
Thu, 3 Sep, 2020 at 2:28 AM
Are there any restrictions on who can have this savings plan?
You must be aged 18 or over, and not be a citizen or permanent resident of the Cayman Islands, the USA, or any country subject to certain USA sanctions. If ...
Thu, 3 Sep, 2020 at 2:30 AM