Whats the difference between Savings & Investments

inearlygaveup

Sounds silly .......... But about to fill a form in that asks for income from investments.

Are savings classed as investments everything I look at including this forum lumps them together?

Stavros_3

What sort of form?, if its your tax return then Yes savings are regarded as investments and they would want to know what interest you have received. You need to be more specific

inearlygaveup

It is a Retirement planning profile but only asks about investments?

dunstonh

savings typically means cash deposits and investments means risk based products. However, the terms are often misused so you need to be wary.

In the context you are talking about (it sounds like a factfind), I would think that it is looking for income you are taking from your savings and investments. Not growth investments.

Stavros_3

Yes savings are investments, I would just list the provider and the capital amount invested, if your uncomfortable with that then I would ask whoever your providing this profile to to clarify.