Helpful article

Investing for retirement

At BMO, we offer a range of investment products suited to long-term investment for retirement.

Let’s talk about risk

Past performance is not a guide to future performance. The value of all stock market investments can go down as well as up and you may not get back the full amount originally invested. If you feel you need specific investment advice that takes your individual circumstances fully into account, please talk to a financial adviser.

Retirement is an exciting period in life. You might be looking forward to taking a trip to somewhere you’ve always wanted to go, dedicating more time to a favourable hobby or spending more time with family and friends. However, many people feel concerned about not having the funds to live life to the full in retirement.

 
 

Making sure you have enough money to enjoy your retirement is a matter of sensible planning and being proactive. Ask yourself, what decisions can I make today to start preparing for retirement? Investing even small amounts of money on a regular basis in preparation for retirement could leave you with a larger nest egg.

At BMO, we offer a range of investment products suited to long-term investment for retirement. But before deciding which product and investment trust is best for you, ask yourself ‘do I want to invest for growth or income?’ We have investment trusts specifically tailored to each aim, so that you can choose an investment approach which best fits your goals.  

Investing for growth

Investing for growth is suited for those who want to get a head start on a retirement nest egg, but won’t be retiring until further into the future. If your goal is to invest for growth, this means that you are more focused on growing your initial investment over a medium to long period of time (5 years plus) and do not intend to use the investment to boost your current monthly income. For those investing for growth, investing as far in advance as possible from when they plan to start withdrawing the investment should give their funds the best chance of maximum growth.

Investing for income

This investment goal is designed to generate an extra bit of money now and in the future by providing a boost to your monthly income. This goal could be suitable for those closer to retirement who are looking for their investment to support with paying regular bills and outgoings in retirement. When investing for income, selecting investment trusts focused on asset classes including equities and commercial property can provide a reliable and attractive income boost.

Why choose BMO to invest for retirement?

As well as providing the option of tailoring your investment towards income or growth when you become a BMO customer, we offer the flexibility to switch between trusts and goals as your requirements change. So, if you invest many years from retirement you could begin your investment journey focusing on growth and switch to income-focused trusts as you get closer to retirement and want to increase your monthly income. Our BMO products for those considering investing for retirement are our Investment Trust ISA and our General Investment Account (GIA). Both products offer flexibility, with the freedom to choose to invest a lump sum or monthly direct debit payments from as little as £50 per month. Both options also give you access to our range of 10 investment trusts which invest in a range of asset types and with different goals in mind. With a BMO investment, you can choose any combination of trusts to invest in based on your needs.

But please remember that investments carry risk and you may not get back the original amount invested. Tax rules can change and everyone’s tax benefits are unique to their circumstances.

ISA and GIA Comparison table

The table below compares our Investment Trust ISA and General Investment Account (GIA) products to help you get started with planning your retirement investment.

Share

Let’s talk about risk

Past performance is not a guide to future performance. The value of all stock market investments can go down as well as up and you may not get back the full amount originally invested. If you feel you need specific investment advice that takes your individual circumstances fully into account, please talk to a financial adviser.

Glossary

Confused? Our handy glossary can help explain investing terms.

Invest with us

Whether you’re looking to invest for your next big adventure, a deposit for a house or you simply want to put money aside for a rainy day, our plans can offer you the chance to invest for your future in a tax-efficient way that gives access to the long-term potential of stock market investing.

Use our handy glossary to look up any technical jargon you are unfamiliar with.

There’s little time to waste! Once you’ve decided which product is right for you, get started with our quick and easy online application or call us on 0800 136 420 to open your account.

This section of the website is directed at persons who are located in the UK. Please read our full terms and conditions and the relevant Key Information Documents (“KID”) before proceeding with any investment product referred to on this website. Nothing on this website is, or is intended to be, advice to buy or sell any investments. If you are at all unsure whether an investment product will meet your individual needs, please seek advice.