Budget 2014: All you need to know about the changes to your savings

iStock_000002551071XSmallWhen is an ISA a NISA? From July 2014, thanks to George Osborne and the changes announced in this week’s Budget. So, apart from the name, what has changed with ISAs (Individual Savings Accounts) and savings more generally? How will you benefit? Are there any negatives? What opportunities will you have? Read on and we’ll tell you all you need to know.General advice call to action...

Budget 2014: All you need to know about the changes to your pension

All you need to knowGeorge Osborne stunned pension savers, financial advisers and Annuity providers alike, with his proposals in the Budget, that from April 2015 it would no longer be a requirement to provide an income from a pension and the whole fund could be taken as a lump sum. So what’s changed? How will you be affected? Is it good or bad news if you are close to retirement? We’ve got all the answers. Let’s start with the basics, ...

Budget 2014: Who said what

Who said what We thought we would round up opinion of today’s budget. From the Chancellor himself to the leader of the opposition, business leaders to the trade unions, who said what? We’d also love to hear what you think about today’s Budget, please leave your comment at the bottom of the article.      George Osborne, Chancellor of the Exchequor George Osborne, Chancellor of the Exchequer:"If you are ...

Savings: Bank of England move to boost savings interest rates?

iStock_000006918404XSmallA joint move by the Bank of England and the Treasury could boost interest rates for savers. It was announced today, that from January next year, the Funding for Lending scheme will no longer be available to support mortgage lending, which could mean interest rates on savings accounts rise in the New Year. The scheme, first launched in August 2012, was designed to make it cheaper for banks and building societies to borrow money, by making £60 billion available to them at ...