Tag: Junior ISA

NISA v Pension – Two punishing jabs leading to the knockout punch…

Posted on July 14, 2014 1 Comment

“Out with the old and in with the new” The Chancellor’s March 2014 Budget may well go down as one of the most radically overhauling game-changers since Lloyd George ushered in the state pension in the 1908 Pensions Act (at the time perceived as dangerously radical). It has completely levelled the playing field as far […]

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ISA’s: now much NISA!

Posted on May 29, 2014 No Comments

Virtually all the headlines surrounding George Osborne’s recent Budget were about the changes to the pensions rules. Rightly described as the biggest changes to pensions legislation for a hundred years, they will have far-reaching implications for the financial planning of many of our clients. With all the attention devoted to pensions, it was easy to […]

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Save now to avoid becoming an Ebaby Boomer

Posted on May 6, 2014 No Comments

Britain’s baby boomers are turning into eBaby boomers as the rising cost of living is forcing them to sell off their possessions to maintain their lifestyle. Concerned about making ends meet, one in five of the post-war generation are selling their clothes, jewellery and electronics online to boost their incomes, according to a recent study […]

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What does ‘Compound Interest’ mean to a saver?

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Do you know whether your bank or building society pays Compound Interest on its fixed rate savings accounts and ISAs? They are likely to quote you the Annual Equivalent Rate (AER) as a percentage interest rate, but will this Simple Interest be compounded? We know that current savings interest rates are small and if the […]

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IFP’s 2014 Budget Overview

Posted on March 20, 2014 No Comments

The Chancellor delivered his 2014 Budget to Parliament yesterday and it proved to contain both big changes to ISAs and the biggest pension reforms for many years. The changes were ambitious and wide-reaching and give both savers and retirees new options to consider in their financial planning. In order to help to put the Chancellor’s […]

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Hints & Tips for the Tax Year End

Posted on February 21, 2014 No Comments

As always, the end of the tax year is an important date in anyone’s financial planning calendar. In most cases, tax allowances end with the tax year: making the best use of them while they are available can mean a big difference to the eventual returns from your savings and investments. We have therefore put […]

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Building a Personal Savings Portfolio

Posted on July 16, 2013 No Comments

We are all being encouraged to save for our futures, while at the same time many of us feel discouraged by low interest rates and returns on our savings. Critically, many of us see the value of our savings over time, just not keeping up with inflation –  we feel that what we put away […]

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ISAs in 2013/14: a basic guide

Posted on May 1, 2013 No Comments

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. […]

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The problem with Cash ISAs

Posted on April 14, 2013 No Comments

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 […]

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Which? survey reveals worrying trend

Posted on April 1, 2013 No Comments

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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