Regular Investments for Doctors & Dentists

Saving a certain amount of money on a regular basis has many benefits and often requires a different strategy to investing a lump sum.

There are various investment and saving products you can choose from depending on your individual needs, circumstances and reasons for investing your money.

Reasons for Investing on a Regular Basis

There are many reasons why you would want to invest a certain amount of money on, for example, a monthly basis.

You could be saving to pay for your childrens’ ongoing education costs or your own retirement. You could be investing your money to cover the costs of any future plans you have to upgrade your current home, buy a larger house or purchase a second home abroad.

On the other hand, you could be wanting to reduce the amount of tax you pay. Regularly investing in an ISA or contributing to your pension, for example, is a highly tax efficient way of saving for the future.

Benefits of Investing on a Regular Basis

If you are investing in a unit trust fund or investment trust scheme, such as an ISA or pension, one of the key benefits of doing so on a regular basis is to lower the overall cost of the units purchased over time.

This is called pound cost averaging and basically means that more units are purchased when the prices are low, whilst fewer units are purchased when the prices are high. In so doing, the total average cost per unit of the investment is lowered.

Ultimately, which investment product(s) you invest in, how much you invest and what the return on your investment will be, will depend on your age, overall financial portfolio, individual circumstances and investment goals.

Investment Advice from Legal & Medical

To find out more about the whys and hows of investing on a regular basis and how Legal & Medical can help you choose the right investment and saving product(s) for you, contact us today or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it

The Financial Services Authority do not regulate offshore investments. The tax reliefs referred to throughout this website are those currently applying in the United Kingdom to UK Tax Residents. These tax reliefs are liable to change. The value of any tax relief available will depend upon the individual circumstances of the taxpayer.