Cover story
6 / 7
BAILLIE
SCOTTISH
GIFFORD
MORTGAGE
EUROPEAN
INVESTMENT
GROWTH TRUST
TRUST
With no liquid savings, Sarah is vulnerable to income
and expenditure shocks and, in the face of an unexpected
expense, her choices are either to borrow more or stop
saving into her pension
income. Sarah is interested in climate
change and social issues and worries
about what sort of world her future
children will inherit. She is in debt,
with a student loan to service plus
a loan she took out to pay for the
deposit on her flat. With no liquid
savings, Sarah is vulnerable to income
and expenditure shocks and, in the
face of an unexpected expense, her
choices are either to borrow more or
stop saving into her pension. NEST’s
THE BAILLIE GIFFORD
EUROPEAN GROWTH TRUST
WAS FORMERLY THE EUROPEAN
INVESTMENT TRUST
MAKING IT WORK
Sabrina
Age: 18
A NEW ROUTE
INTO EUROPE.
Earns: £16,822
Sabrina is just starting her first job
and has no previous pension savings
It is not all bad news for low-income workers, as the example of 18-year-old retail
employee Sabrina shows. In her first job, 8 per cent of her salary goes into her DC pension
each month, which is likely to get Sabrina beyond the minimum standard of living in
retirement. She would have the security of knowing all her bills were covered and could
afford some leisure or social activities. Sabrina could also enjoy some of the benefits of a
moderate standard, such as more money to spend on gifts or a TV subscription package.
Sabrina’s annual contribution Tax relief
£673 £168
Employer contribution
£505
Saving 8%, and a full state pension, would give Sabrina an annual
retirement income of £13,526*
*This assumes Sabrina’s salary rises in line with general earnings increases. If she changes jobs, gets promoted, or
finds a job with a better salary, and continues to save for her retirement, she can expect a better standard of living.
Figures are for a single person living outside of London, with no rent or mortgage to pay
TRUSTNET
The Baillie Gifford European Growth Trust brings our wealth of
experience in European investing to the investment trust sector.
Our European managers look for exceptional growth companies. They want
to identify the big winners across the continent. Investments will be high
quality businesses, possibly founder-managed, with strong competitive
positions and credible prospects for long-term earnings growth.
Please remember that changing stock market conditions will affect the value
of the investment in the trust and any income from it. Investors may not get
back the amount invested.
Are you looking for growth potential across Europe?
call 0800 917 2112 or visit us at www.bgeuropeangrowth.com
A Key Information Document is available by contacting us.
Long-term investment partners
Your call may be recorded for training or monitoring purposes. Issued and approved by Baillie Gifford & Co Limited, whose registered address is at Calton
Square, 1 Greenside Row, Edinburgh, EH1 3AN, United Kingdom. Baillie Gifford & Co Limited is the authorised Alternative Investment Fund Manager and
Company Secretary of the Company. Baillie Gifford & Co Limited is authorised and regulated by the Financial Conduct Authority (FCA). The investment
trusts managed by Baillie Gifford & Co Limited are listed UK companies and are not authorised and regulated by the Financial Conduct Authority.