ISA

  • How to pass on ISAs after you’re gone

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    ISAs have long been regarded as a simple and effective way of protecting your savings from the taxman, with the increased limit now allowing you to shelter up to £20,000 of your savings a year from being taxed. Whilst this can be a great help in protecting your nest egg during your own life, you’ll also want to know that your hard-earned savings wi...
  • LISA warnings highlight the need to make sure your investments are suitable

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    The Financial Conduct Authority (FCA) has recently voiced concerns that new Lifetime Individual Savings Accounts (LISAs), due to launch this year, could be putting some savers at risk if the product is not fully understood. LISAs are being sold as a way to earn bonuses if the money put into them is put towards the purchase of a home or saved for re...
  • Savings ‘Moments of Truth’

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    A  recent study has found that around one in three people in the 18-40 age bracket not only are not saving any money for when they retire, but also don’t consider it likely that they will begin paying towards their pension in the future. Many people aged between 30 and 40 said they now felt they had left it too late to begin putting money away for...
  • Help To Buy vs Lifetime: Which ISA is best?

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    Set to be introduced in April 2017, the Lifetime ISA essentially offers an alternative to the Help To Buy ISA. With two competing options on the table, it’s important to know which is best for you and your needs, as whilst they have some similarities, there are also key differences between the two. The Help To Buy ISA allows you to save up to £200...
  • The ‘Brexit’ impact on your pension

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    In the lead up to the budget announcement, George Osborne seemed to bow to the pressure David Cameron and other members of the Conservative Party were putting on him to soften his approach when it comes to pensions and tax relief. Ahead of the announcement, treasury sources suddenly began to indicate that now is ‘not the right time’ to make such bo...
  • The Lifetime ISA: What you need to know

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    Amongst the key announcements that came from the budget was the introduction of a new ‘Lifetime ISA.’ By far the most attractive feature of this new form of savings account is that contributions every year will receive a healthy 25% bonus from the government. As the maximum annual contribution amount will initially be set at £4,000, that means the...
  • Four key things to do before the end of the tax year

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    Whilst the cold weather and long nights might make the beginning of April seem a long way off, the final few months of the financial year always seem to fly by. It’s therefore a good idea to start thinking about the most important things to do before 5th April arrives and the tax year ends. To get you started, have a look through our top four tips...
  • 10 ways to save money in 2016

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    Is sorting out your finances top of your new year’s resolution list? Here’s a few ways the government can help to get you started in 2016. Please note that tax advice is not regulated by the Financial Conduct Authority and that this article is not for your personal advice. If you wish to talk to your adviser please do call us. If you’re saving fo...
  • ISA Contributions

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    The deadline for 2015/6 ISA contributions is on the horizon and provides the opportunity to invest £15,240 (£30,480 per couple) in an extremely tax efficient environment. Rules now allow you to combine both cash and stocks & shares within the allowance and it is important to remember contributions can be made using single and regular monthly co...
  • Autumn Statement 2015 – 9 points to note

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    On 25 November 2015, the Chancellor of the Exchequer delivered his Autumn Statement and spending review. This event allows the government to outline its taxation and spending plans, based on economic projections through to the tax year 2020/21. The Chancellor covered a wide range of issues. Below we provide comment on news relevant to savers and th...
  • What not to forget when leaving the UK

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    When moving overseas the more tangible issues people tend to face are arranging Visas, transport of possessions, arranging employment and selling property. There are however things that are often forgotten and can come back and haunt you in the future! The three main areas that people should address before leaving the UK are cross border financial,...
  • Should we scrap tax reliefs on pensions and create a lifetime ISA for all?

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    A single Lifetime ISA for everyone should be created with all tax reliefs on pension contributions being scrapped, a leading figure at the Centre for Policy Studies (CPS) has proposed, according to an article published by the CPS. Research Fellow Michael Johnson said the opportunity has come for a radical overhaul of savings after the Chancellor la...
  • Should your Junior ISA be in Cash or Stocks and Shares?

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    Children born after 3 January 2011 – or those aged under 18 and born before 1 September 2002 – can open a Junior ISA. This also applies for those children born between 1 September 2002 and 3 January 2011 who are not eligible for a Child Trust Fund (CTF). Cash ISAs are a good savings option because you pay no tax on the interest or return. If you d...
  • What did the Budget 2015 change for ISAs?

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    ISAs have been a hot topic for politicians recently, with multiple changes to the savings vehicles made over the last few years. The most recent major announcement, George Osborne’s 2015 Budget, was no exception, with several interesting new developments for ISAs announced as part of the Budget document. Help to Buy ISA Arguably the biggest ISA cha...
  • Pensions and ISAs compared – how can you decide which is best?

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    According to HMRC, 45% of savers in stocks and shares ISAs are aged 55 or over. These savers already understand the mantra of ‘gross is good’ and have chosen an investment on which there’s no additional tax due on investment growth and income. What many investors seem to be unaware of is that the exact same tax treatment is available on funds held...
  • The new ISA allowances (UK clients only) – Nigel Benn Managing Partner Alexander Beard Wealth LLP

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    Before 5th April each year you have the opportunity to invest up to £15,000 in a new Individual Savings Account (NISA), this is the maximum an individual can save in the tax efficient wrapper (cash and/or stocks and shares). The old ISA rules governed how much you could put into each pot; half the allowance in cash and half in shares, or you could...
  • Two weeks on: the other outcomes from the Autumn Statement

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    Many clients will have already seen our Autumn Statement Summary, which analyses in detail the main points from The Chancellor’s Autumn Statement, made on 3rd December. Like many major government announcements though, the real headlines and many of the outcomes from the statement only became clear in the weeks after George Osborne stood in parliame...
  • Our Guide to NISAs

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    On 1st July 2014, the government implemented the changes it had previously announced to Individual Savings Accounts (ISAs), creating a new option for savers known as NISAs (New Individual Savings Accounts). The accounts benefit from the same advantages as ISAs as well as opening up several new options for savers and increasing the amount that can...
  • ISAs: Now much NISA

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    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...