Our financial wish list – 6 things we’d like to see change in 2014

Our financial wish list  6 things we’d like to see change in 2014 150pxThe financial landscape seems to change quicker than ever these days. Some changes will make you better off, others will cost you money, some will make your life simpler, others will make it more complex. We’ve put our thinking caps on and come up with six changes we’d like to see in 2014, which would make many people better off, whilst increasing fairness and transparency. Do you agree with us? What would you like to see changed? Leave ...

Budget update: Two changes which will affect all parents

Two measures which will affect all parentsLast week’s Budget contained at least two measures which will affect all parents. The first will help parents save for their child’s future, whilst the other could provide much needed cash assistance towards the costs of childcare; but beware, there will also be losers. Child Trust Fund transfers to Junior ISAs The first piece of good news came with George Osborne’s announcement that the government is to issue a consultation with a view to enabling  child savers to transfer ...

6 simple tax saving ideas for the start of the tax year

The end of the tax year has been and gone, it's a time of the year that never ceases to amaze us. Why do so many people wait until the end of the tax year to sort out their financial affairs? It makes far more sense to do so at the start of the tax year and enjoy almost a year’s extra tax efficient saving and investing. On that note we’ve put together a list of six things you should consider doing now to make your financial affairs as tax efficient as soon as possible. 1.    Use your ISA allowance...

Savings: Ideas to deal with high inflation and low interest rates

Our savings are under attack at the moment, historically low interest rates, combined with high inflation is eroding the capital of many savers. A typical saver, paying basic rate tax, and investing £50,000 in the best one year fixed rate will see the real value of their savings fall by £866 this year if inflation, using the CPI measurement, stays at 4.5%. Even for non tax payers or Cash ISA investors very few accounts offer an interest rate which beats inflation, for basic rate and higher rate tax payers the situation is dire, no accounts currently offer a rate of ...