Sharesave advise needed

RobLondon1984

I received the sharesave booklet on Monday and was thinking of joining. I was thinking of investing £20/month for 3 years. If shares are £3.04 on March 2015, I would make a profit of around £200. I can only make money if share prices goes up, as there is no interest or bonus for investing.

If I invest £20/month in a ISA account, the highest rate I could get is 2.8%, I would make a profit of around £32 on March 2015.

Sounds good to invest in sharesave, but I am worry that I would get fired or decide to quit the job and that I won't be able to get my money back. I should, as the booklet says, even if you leave, you get the amount you invested. I don't mind losing out on the £32, as it isn't a lot of money.

If the sharesave was one year long, I would definitely apply, but three years is a long time.

Should I invest or not? Thanks

shop-to-drop

Read all the terms and conditions I'm sure you'll find you get all your payments back if you leave the company before the end of the scheme. I would say it would be a good thing to do like you say interest rates are poor and shares are currently low so you may make a nice sum. The worse case scenario is you just get back what you pay in. But read all the terms and conditions of your scheme before commiting.

RobLondon1984

I have read the terms and conditions. It does say you can get back the money you invested if you leave.

Ideally, if I leave before 3 years. They would send me a letter with a cheque for the money I invested or having the money back from my last payslip.

I am just worried that if I get fired and leave on bad terms with the company. I would I have to chase the company I work for up to get my money back, and they may take a while to give me back my money. I would also have to go in and pick up my last payslip as companies don't usually send them to you. The last payslip may not give an increase for the money invested.

MoneySaverLog

Answered on a duplicate thread, but what you'll find is that the money is with a seperate savings provider, say a building society so you could go to them to get your money I guess.