Tag: investment
Alan Kirkman presents at IFP Professional Partners Seminar
IFP have been running a programme of informative seminars for our professional partners for almost 2 years now. The feedback we receive from other professionals is excellent stating that the content is relevant to their work with clients and to the firm operationally. At IFP we are keen to continue to deliver seminars and workshops [...]
Read moreTax on your savings in bank and building society accounts
You pay tax on your savings interest in the tax year that the interest is paid to you, or credited to your account, even if you’ve earned part of it in previous tax years. Savings income normally has 20 per cent tax taken off before you receive it. This is confirmed by the entry ‘net [...]
Read moreThe Increasing Cost of Retirement Income
The cost of securing an income in retirement has increased by almost a third since 2009, statistics from the Office of National Statistics (ONS) have revealed. According to figures published in April 2013, men will need 29 per cent more savings to reap the retirement income that they could have gained in 2009. In 2009, [...]
Read moreWhat products are qualifying components of ISAs?
Many of us are not aware of the considerable range of products which can be part of our ISA holdings. Taking advantage of our tax-free ISA allowance by increasing or organising our ISA holdings in 2013/14, with a concern to choose the best ISA destinations for our savings and investments, might open up a wide [...]
Read moreISAs in 2013/14: a basic guide
An ISA is a type of savings account which enables you to keep all that you receive from that investment and not pay any tax on it. ISAs began in 1999 and should be around for the foreseeable future. You can start with small amounts and save up to £11,520 in the tax year 2013-14. [...]
Read moreDon’t Fall in Love – the Most Common Mistakes Investors Make
This is the first part of a two part article, where we’ve taken a look at some of the common mistakes investors make when they’re buying and selling stocks and shares and other investments. We’ve identified ten mistakes – and this month, we take a look at the first five. good credit score It Costs [...]
Read moreSaving for your child’s future…
A Child Trust Fund (CTF) is a long-term, tax-free savings account for children, set up by the previous government. Child Trust Fund accounts are no longer available. In most circumstances your child was entitled to a CTF if all of the following applied: they were born between 1 September 2002 and 2 January 2011 you [...]
Read moreThe Baby Boomers Regret
Research by Standard Life has evidenced that people in Britain’s baby boomer generation, now approaching retirement, say that their biggest financial regret is not starting saving for retirement earlier. Nearly one in seven (15%) of adults responding, admitted wishing they had started a pension sooner, with the figure rising to one in five for those [...]
Read moreThe problem with Cash ISAs
It is the fourth anniversary of UK interest rates falling to a record low of 0.50% and no signs of this changing in the near future with the Bank of England recently hinting at the possibility of a negative base rate. This is continuing bad news of the UK's savers. Although by shopping around you can find [...]
Read moreWhich? survey reveals worrying trend
In a recent Which? investigation, some of the UK’s biggest banks were identified as failing to give the right advice when it comes to transferring and managing their Cash ISAs. In the investigation, Which? placed 180 calls to 15 leading banks and building societies to assess the quality of advice given to people who want [...]
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