SUE’S TIPS:

◆ Check charges. As you’re not buying or selling shares yourself, there’ll usually be an annual charge for your fund.

◆ A popular low risk option is a FTSE tracker fund. This follows the performance of the UK’s largest 100 companies.

◆ There’s a good jargon free guide at MONEYHELPER.ORG.UK which is Government backed so they’re not after your business!

◆ Any investment should be considered for a minimum of five years.