Most people understand how difficult it can be to find the right gift for someone you love. The older you get the more a gift can feel superfluous. After all, you probably buy what you need when you need it.
That leaves the traditional Xmas gifts, jewellery, perfumes and aftershaves, grooming kits, perhaps a watch, or some clothes. They are all thoughtful gifts but, if you really want to give the gift that keeps on giving, you need to get a stocks and shares ISA.
It goes without saying that you should select a supplier with a good reputation. This ensures you have a genuine stocks and shares ISA that should provide real benefits in the long term. If you’re not convinced then here is why a stocks and shares ISA is the perfect Xmas gift.
They Won’t Do It Themselves
Old age and retirement can seem like something that is long into the future. In short, something that most people don’t worry about until they are older. However, the longer you leave it to start saving for your future the harder it will be to secure the funds you need.
A stocks and shares ISA allows you to pay in up to £20,000 per year. It’s invested in the markets and you decide how risky the investments are. In the future, you can withdraw money without having to pay taxes.
The stock market can go up and down. But, if you take a medium-risk long-term approach, your pot is highly likely to grow. That creates a real nest egg for the future.
What better way to show your love for someone than to help them be financially independent in the future?
You should note that the gift is an ISA with a small starting fund, you’re not committing to paying something in monthly for them. That’s up to your loved one.
It Boosts Awareness
As mentioned, most people don’t think too much about the future. By giving them an ISA you’re boosting their awareness of the future and what they need to do to be financially secure. That is likely to increase their happiness today as there is one less thing to stress about.
It’s not just an increased awareness of how easy it is to save for the future. You’re also making it simple for them. All they have to do is set up a standing order to pay something into the ISA every month. After that, they can just forget about it until they need the funds.
But, by being aware of the ISA, you are helping your loved ones to consider other options for a financially secure future.
They Are Easy To Start
You don’t need to spend hours trudging around the shops looking for the perfect gift. Instead, you can spend a few minutes online creating the stocks and shares ISA account and making the first payment into it.
The process is straightforward, allowing you to focus on what really matters at Xmas, your loved ones.
