Wednesday, April 21st, 2010
New customers rushed to cash in on tax-free ISA savings this month, pushing account applications up 52% on last year. The new, higher ISA limits have boosted the already-popular savings accounts, which are already held by over a third of households in the UK.
Tags: Bank Of England, Barclays, Best Pension, Cash ISAs, Cheap Life Insurance, Financial Life Cycle, Halifax, Individual Savings Accounts, Individual Voluntary Arrangement, ISA Allowance, ISAs, Online Mortgage Deals, Research Your Mortgage, Savings, Savings and Investments, Stocks And Shares ISA, UK Investment Advice
Posted in Savings News | No Comments »
Friday, April 16th, 2010
When planning your children’s savings, factor in £383 per year for technology – for everything from computer games, music downloads, and mobile phone costs, says Halifax in a new survey published this week.
Tags: child, Child Savings, Child Trust Funds, Childrens Savings, Childrens Stakeholder Pensions, Increased Life Expectancy, Investments for Children, Online Mortgage Deals, Online Stockbrokers, Research Your Mortgage, Savings, Savings and Investments
Posted in Savings News | No Comments »
Monday, April 12th, 2010
The new tax year, which began on 6th April 2o1o, offers a golden opportunity for tax savings. Make use of your brand new tax allowances to fine-tune your financial planning, and minimise tax. With financial advice you can streamline your savings strategy by getting the best savings rate and fully utilising your ISA cash allowances. You can ensure you take advantage of your allowances for Capital Gains Tax, if you are selling an asset. You can plan to maximise tax reliefs from pensions contributions. You can gain 30% tax relief on investments in Venture Capital Trusts (VCTs). You can take the necessary steps to avoid 40% Inheritance Tax on wealth passing to your children and heirs. If you are an employer, you can plan for the upcoming government NEST scheme, which will require you to have, or set up, a pensions department that offers a pension to all employees.
Tags: Avoid Tax, Best Mortgage Deal, Capital Gains Tax, Cash ISA, Cash ISAs, Certified Financial Planner, Chartered Financial Planners, Cheap Life Insurance, Critical Illness Insurance, Debt Management, Efficient Tax Planning, Enterprise Investment Scheme, future energy supply, Gareth Flanagan, Individual Voluntary Arrangement, Inheritance and Tax Planning, Inheritance Tax, Inheritance Tax Advice, ISAs, Maximum Pension Contribution, NAEA, Online Mortgage Deals, Pension Savings, Pension Schemes, Pensions, Personal Tax, Private Pension, Professor David MacKay, Reclaim Capital Gains Tax, Remortgages, Repossessed Spanish Property, Savings, State Pension, Stocks & Shares ISA, VCT, Venture Capital Trusts
Posted in Financial Planning News | No Comments »
Friday, April 2nd, 2010
ISA savings are strangled in red tape, mired in misinformation and blocked by barriers to switching accounts, says market watchdog Consumer Focus. Inefficiencies by ISA providers may cost savers up to £3 billion in lost interest. A ‘super-complaint’ has been lodged with the Office of Fair Trading.
Tags: Cash ISAs, Cheap Life Insurance, Individual Savings Accounts, Individual Voluntary Arrangement, ISAs, OFT, Online Mortgage Deals, Research Your Mortgage, Savings, Stocks & Shares, SVR
Posted in Savings News | No Comments »
Wednesday, March 31st, 2010
Families in the UK are £6 a week worse off than a year ago, according to new figures published this week by supermarket chain Asda. Savings meanwhile are, on average, adequate for just 14 days of living costs.
Tags: Aviva, Best Maxi ISA, Income Tax Allowances, Investments, Mortgage Adviser, Online Mortgage Deals, Online Stockbrokers, Personal Finance, Research Your Mortgage, Savings, Savings and Investments
Posted in Savings News | 1 Comment »
Monday, March 29th, 2010
A basic rate taxpayer currently needs a savings account that will pay 3.75%, just to beat inflation, according to new data released today. The 40% taxpayer is in an even tighter corner. More and more investors are turning away from cash and looking at stocks and shares, for better growth potential.
Tags: Barclays, Bonds, Canada Life, Income Tax Allowances, Individual Voluntary Arrangement, Investments, ISAs, Moneyfacts, Online Mortgage Deals, Pensions and Retirement, Research Your Mortgage, Savings, Tax Efficient Savings, UK Investment Advice
Posted in Savings News | 1 Comment »
Monday, March 29th, 2010
Over a third of UK workers are neglecting their financial planning, and the problem is most pronounced among lower earners, according to a new report by the Association of British Insurers (ABI). While 40% of people admit they have made no provision in their financial planning to cope with unexpected future eventualities, this figure rises to 46% among those earning less than £20,000 per year.
Tags: ABI, Banks Northern Ireland, Critical Illness Insurance, Enterprise Investment Schemes, Financial Planning, Individual Voluntary Arrangement, Inheritance Tax Liability, ISAs, Life Insurance, Online Mortgage Deals, Remortgage, Repossessed Spanish Property, Savings
Posted in Financial Planning News | 3 Comments »
Friday, March 19th, 2010
Currently, 11% of the adult population of the UK, or 5.4m adults, spend more than they earn each month, according to new data released this week. This is an increase of 12% since 2008, when 4.8m adults were living beyond their means.
Tags: Enterprise Investment Schemes, Financial Planning, Life Insurance Products, Online Mortgage Deals, Pension, Research Your Mortgage, Savings
Posted in Savings News | No Comments »
Friday, March 12th, 2010
Savings and investments for yourself and your family are much easier with a little knowledge, and some good financial advice. Here is our jargon-free round-up of savings and investments, showing the advantages and risks of each investment type.
Tags: Bonds, Canada Life, Debt Solutions, DWP, Enterprise Investment Schemes, Equity Investments, Financial Advice, Financial Planning, Income Tax Allowances, Investments, Online Mortgage Deals, Savings
Posted in Investment News | No Comments »
Tuesday, March 9th, 2010
Why lose this year’s allowances for tax-free savings in ISAs? With just weeks to go before this year’s ISA allowances of £7,200 expire, you could set up ISA accounts to save for your children’s education.
Tags: Cash ISAs, Cheap Life Insurance, Childrens Savings, Childrens Stakeholder Pensions, Individual Voluntary Arrangement, ISAs, Online Mortgage Deals, Research Your Mortgage, Savings, Savings and Investments, Stocks And Shares ISA
Posted in Savings News | No Comments »
