Investments and Savings plans for dentists

Life insurance is broadly about providing financial security for people who depend on you if you die.

Whether you choose short term savings like bank accounts and cash ISA’s or longer term investments like stocks & shares all need to be managed and monitored to ensure they remain fit for purpose and help you achieve your goals.  

We all have a need for short term savings and this can take the form of a rainy day fund, saving up for a holiday/special event, or saving for that up and coming tax bill.

Short term savings are ideally low risk and would include:

  • Bank or Building society accounts
  • Cash ISA
  • Short term fixed rate bonds

These investments would typically be for a deposit on a new house or practice purchase, children’s education/university fees or major life events like a wedding.  Medium term savings would normally include investing in higher risk assets other than cash in order to achieve returns above the rate of inflation.  Medium term savings would usually be over 5 to 10 years.

Typical medium term savings would include:

  • Stocks & Shares ISA
  • Help to Buy ISA
  • Medium term bonds
  • Peer to Peer lending (including the new Innovative Finance ISA)

Long term investments would be anything over 10 years and would include retirement planning and inheritance/legacy planning for your children.

  • Pensions including SIPP & SASS
  • Stocks & Shares ISA
  • Direct investment in equities
  • Property

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