Government has announced a new Junior ISA for children’s savings, to be launched in Autumn 2011. Coming in cash and stocks & shares versions, Junior ISAs will be tax-free savings accounts that parents and family friends can use to save for a child. Read More
A new tax-free account for saving for children has been proposed by the Treasury. The account is remarkably similar to the recently-axed Child Trust Fund Scheme, with the notable difference that there would be no Government contributions to replace the £250 voucher in the Child Trust Fund. Read More
Savers are failing to factor in tax and inflation, when comparing bank savings accounts. Their cash is losing value, in real terms, as a result.
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Investment funds offer a golden opportunity to expose your money to the attractive growth rates that can be accessed in stocks and shares. Investment funds generally outperform cash, in the medium term. Here we explain how we create a funds investment that is perfectly suited to you.
Did you know that if your spouse is not working, they still have a tax-free allowance you can use as part of your financial planning? In a few simple steps, you can make up to £6,475 of income from your savings or investments tax-free. Who said marriage had to be taxing? Read More
The EU is to raise bank savings protection for UK savers from £50,000 to at least £80,000. This will guarantee the UK bank deposits of 98% of all savers in the nation Read More
The Children’s Mutual, one of the leading UK providers of Child Trust Funds (CTFs), has suspended 3 of its children’s savings products, pending a strategy review. Government had already announced it will scrap the Child Trust Fund scheme by the end of 2010. Read More
The top career choices for 5-7 year olds now need 3rd-level education. Top 3 choices are teacher, doctor and vet. These will cost over £100,000 to fund, and 93% of parents will carry that cost. Saving for kids is essential, and needs careful forward planning. Read full lists of kids favourite careers by clicking on headline above.
The cost of raising a child from birth to age 21 has topped £200,000 for the first time, according to the annual Cost of a Child survey by insurer LV=. With good financial planning, you can spread the burden of two decades with your little bundles of joy.
Children’s savings have taken a blow this week, with the announced abolition of the Child Trust Fund scheme (CTF) due to government cuts. What are the other options for children’s savings?
