If you are thinking of investing you may be asked if you want income, growth or both so what does that question mean?
Basically if you’re investing for growth then any returns that you make from your investment will be put back into it, allowing you to take full advantage of all the growth opportunities until you want your money. This could be in a savings account or through investments such as shares, property or funds. Not all products offer this option and you’ll need to check before you buy.

The alternative is to take income from your money. This is the regular payment you get from your money. In a savings account it would be interest; on shares it’s the dividend. This means that you’ll get money paid to you regularly from your investment. Some investment products can only offer this option, so again make sure you know before you buy. Other products may allow you to take some income while still aiming for some growth on your investment. Again, not all products offer an income option and you’ll need to check before you buy.