A New “Care ISA” To Fund Care Home Costs?
For anyone around retirement age, paying for our care costs when we get older is a worry that probably ranks second only after a fear of developing dementia. Will a new type of ISA be the solution?
Peer To Peer ISA – 5 Ideas For Your 2018/19 ISA
Savings accounts and cash ISAs are struggling to stay ahead of inflation this year. With your annual ISA investment limit raised to £20,000 last year, this may be the time you want to look at a new type of ISA which offers around double the yield of a Cash ISA (with an increased risk, naturally).
ISA Savings Focus - A Potential 6% pa From Your Savings
Although inflation over the last couple of months has fallen slightly to 2.50%, this is still much higher than you can get from many traditional savings products, such as fixed rate bonds. And if you take a look at a range of Cash ISA rates on offer, the options are even worse as these savings rates are generally much lower than their non-ISA equivalents.
Bad News For 400,000 Savers As NS&I Cut ISA Rate By 25%
In mid-July National Savings and Investments (NS&I), the government’s savings provider, announced they would be slashing the interest rate on their Direct ISA by 25%: down to just 0.75% in late September 2018. It's time to transfer out.
How To Select The Best Junior Stocks & Shares ISA
An ISA is an individual savings account that offers the chance for individuals to earn up to £20,000 tax-free interest.
Not only can those who subscribe to an ISA benefit from tax-free interest from savings, but also enjoy the freedom to invest from their ISA and avoid paying tax on their returns.
How inflation is impacting your savings and why you cannot afford to sit on your hands when it comes to your cash
Last month, the Bank of England raised their base rate for the first time in more than ten years, and by doing so opened the door to increased monthly costs for many homeowners. What’s more, at the time of writing inflation continues to sit at a five year high of 3%, which means that the cost of living has more than trebled in the last 12 months.
Income ISA offers up to 7.60% pa paid quarterly
Inflation reached as high as 2.9% in August as reported by the Office for National Statistics (ONS). As a result, many individuals are looking for ways to receive more income to combat the effect of rising inflation.
What is the best investment ISA?
People often ask: “what is the best investment ISA?” The answer to this question is not a simple one, with the best investment ISA for you depending on a number of factors.
How to become an ISA millionaire
ISAs and the Personal Equity Plans that came before them have been around since 1987, offering UK residents the chance to save and invest tax-free. Over the years, a number of ISA investors have built up ISA funds worth in excess of £1million, making them into so-called “ISA millionaires”.
Investing For Income Ideas
If you are looking to invest with the aim of generating a reliable income, you need to choose carefully where to put your money.
5 high yield investments to boost your income in retirement
If you are looking for investments to boost your retirement income, putting some of your savings into an investment ISA is usually a good idea. This allows you to maximise the returns you see on your investment as you do not have to pay tax on the interest or other income you earn (up to the current ISA allowance of £20,000 for the 2018/19 tax year).
5 Reasons Why You Should Consider a Lifetime ISA
Lifetime ISAs were introduced in April 2017 as a way to allow British taxpayers to enjoy long-term tax-free savings. They allow you to save up to £4,000 per year without paying tax on the interest and the government will give you a bonus of 25% of the amount you save.