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An interest-subsidised ASP savings account or a savings fund? Pick the right way to get on that property ladder.1. If you are under 31 you can count yourself lucky: the state will lend you a helping hand in saving for your first home. When you put aside 10 per cent of the price of your home on an ASP savings account, the state will guarantee your mortgage. The interest rate on the account is also relatively high with a two-per cent additional interest paid on the sum once the saving target has been reached. An ASP account holder is also exempt from paying tax on the interest, which normally amounts to 30 per cent.
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International DiscussionsThis site represents a global gathering of many constructive minds from all over the world. We are interested in stimulating Discussion HERE free from net talk, slang and gibberish. Professors and other intellectuals have been known to refer this site as a place for wholesome debate. Under each topic you can submit your opinion or comment (no registration required unless you plan to be an active participant).

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