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Income funds and using them to assist with future living costs

As we grow older we can often see a reduction in our living expenses but a more sever reduction in our income. This can and has left many of the UK's older generation struggling in later life with many having to use their savings just to get by. But for some it may be worth looking at Income funds, investment funds which look to produce above average income and protect capital as much as possible.

We have access to a number of Income fund guides which are produced by well known names such as Henderson Global Investors, Legal and General and Neptune. These are names which have been there and done it in the area of investing for income and can not only offer you advice on what may best suit your situation but they will likely have a fund(s) for you to consider. There needs to be a subtle balance between income and protection of capital as factors such as taxation need to be considered.

Learn how to increase you income and use tax efficient vehicles such as ISAs to ensure that you pay little or no income tax on your investment income. It is all above board and can in many cases take some of the pressure off in the later years of life.

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