Its a question we get asked all the time ! among the other questions such as:
Questions: Do I invest in Sipp’s (Self Invested Personal Pension) or Isa’s (Individual Savings Account) ? What are the differences between Sipp’s or Isa’s ? Continue reading Question: Where should I invest my money ?
There are plenty of options available if you want to put away some money and start saving. When you consider retirement, your children’s university fee’s these may seem like a long way off, don’t consider it a long term savings goal consider the benefit of a short term plan. Setting a side a couple of months salary is a wise thing to do in any climate, consider it the emergency fund, fixing the boiler, fixing the car, placing those bills on the ever present credit card bill means your paying the extra interest on the bill, as well as the bill for the repair itself.
Continue reading Short term savings plan
If you are wanting to set aside some money for your children’s future, then there are many saving options available to you. Although this may seem a long way off, starting a savings plan today will help in the long run with the likes of driving lessons, university fees, weddings or even a deposit on their first home. Continue reading Saving for your child’s future.
A Cash ISA or Cash Individual Saving Account to give its full title is similar to a normal savings account in that you can take cash out whenever you wish. The difference is the interest is not taxed. The tax man in 2012 got an extra £500 million in tax because people did not make full use of their cash ISA allowance. So you need to consider how wisely you are saving and setting aside your money.
Continue reading Cash ISA, Savings and Shares ISA explained
Most people in this country switch off when they hear the words tax system, however when it comes to tax and savings, we all switch on and in particular, we pay attention to an Individual Savings Account (ISA). Continue reading Are your savings as tax-efficient as they could be?