Sound too good to be true?
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Sound too good to be true?
Now, more than ever, you need to stay on your toes and be extra vigilant as an increasing number of fraudsters descend to take advantage of the situation. UK fraud prevention groups are warning individuals to take heed, following a massive increase in the number of scams seeking to exploit the pandemic.
To equip yourself to stay ScamSmart; check the FCA website www.fca.org.uk/scamsmart. In March, Action Fraud* revealed there was a colossal 400% increase in reporting of scams. You may think it will never happen to you, but as these scams increase in sophistication, we are all vulnerable and it becomes harder than ever to distinguish them from the real thing, so remember:
- Do not click on links from senders you do not know
- Reject offers that come out of the blue
- Never give out personal details
- Be wary of deals that sound too good to be true
- Take the time to make checks and seek financial guidance
Help is at hand
Please contact us if you are unsure about any financial opportunities.
*Action Fraud, 2020
It is important to take professional advice before making any decision relating to your personal finances. Information within this document is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK. We cannot assume legal liability for any errors or omissions it might contain. Levels and bases of, and reliefs from, taxation are those currently applying or proposed and are subject to change; their value depends on the individual circumstances of the investor. No part of this document may be reproduced in any manner without prior permission.
The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. If you withdraw from an investment in the early years, you may not get back the full amount you invested. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency.
Information is based on our understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from, taxation are subject to change.
Tax treatment is based on individual circumstances and may be subject to change in the future.
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