Tag: Savings

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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Retirement income – Are you struggling to support your family?

Posted on June 9, 2014 No Comments

Retirement Income – Prudential Research Two in five (39%) people planning on retiring this year provide financial support to their families or other dependants, according to new research by Prudential. The research into the ‘Class of 2014’ is Prudential’s seventh annual study tracking the future plans and aspirations of people who plan to retire in the […]

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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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The Year of Hard Truths – A Look Ahead to the 2014 Budget

Posted on February 13, 2014 No Comments

Chancellor of the Exchequer, George Osborne, will deliver the 2014 Budget on Wednesday, 19th March – little more than three months after he delivered the Autumn Statement. When Osborne delivered his Budget in March 2013, the news for the UK economy wasn’t particularly good – in fact, many commentators were worrying about the UK slipping […]

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What you need to know about the new High Income Child Benefit Charge

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Child benefits are currently paid out at a rate of £20.30 per week for the first child, and £13.40 for each subsequent child, with an increase planned for the 2014/2015 tax year to £20.50 and £13.55. These benefits are claimed by many families for all children under the age of 16 and in some cases […]

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VCTs and EIS compared

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Both are high risk investments – but both have the potential of high reward… Let’s start with some facts. A Venture Capital Trust (VCT) is an investment vehicle quoted on the stock market, like an investment trust. The VCT scheme is designed to encourage investment in smaller, normally higher risk companies, often including start-up companies. […]

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