Tag: ISAs
What 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 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 [...]
Read moreWon’t Save, Can’t Save
The tough economic situation for many families means few are managing to put away anything in savings. Many are simply needing to support themselves and instant payday loans other family members in hard times. According to the recently published seventh annual Savings and Investment report by Scottish Widows, 31% in a survey of over 5,000 [...]
Read moreFive steps to a successful ISA transfer
This is the season to check that you are making the best of your tax free Cash ISA opportunities. There is very little time left to check that you have used your 2012-2013 allowance and it is the first opportunity to invest your 2013–2014 allowance in April. It is also a good time to check [...]
Read moreFinancial planning for the end of Tax Year
The nights are finally starting to get a little lighter – maybe we can start looking forward to Spring after all. In financial services, Spring means two things; the Budget (on March 20th this year) and the end of the tax year on Friday April 5th. This article gives some suggestions on financial planning steps [...]
Read moreFinancial planning in your twenties, thirties and forties
This is the first of two articles where we look at ‘financial planning through the decades:’ how your financial planning needs change through the various stages of your life. Clearly the average client’s planning needs are completely different in their twenties to their fifties and, while it’s true to say there’s no such thing as [...]
Read moreHow to make your child a millionaire
”How to make your child a millionaire – through regular investing and using perfectly legitimate tax dodges’’ – the headline of a recent article in the Daily Mail. Reading this article also makes it clear that we need to be well off to achieve this aim, and even more so, if we have more than [...]
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