Five reasons why you still need an ISA

Tax Free Key Means UntaxedThe announcement in the Budget, that savers will now receive a proportion of their savings interest tax-free, has led some people to suggest that ISAs (Individual Savings Accounts) will no longer be needed. Since its introduction the ISA has become the foundation of most people’s savings and investments, so is the future of the ISA really in doubt? What changed in the Budget? George Osborne has announced a new personal savings allowance will be introduced from April 2016. This will mean the first £1,000 of interest for basic rate ...

Pensions: Labour to cut tax-relief for the highest earners

iStock_000024336538_ExtraSmallIt has emerged that if Labour win the next election, they will cut tax-relief on pensions for the highest earners and use the proceeds to fund a new job creation program for young unemployed people. Under the plans Labour would reduce the tax-relief received by those people earning in excess of £150,000 each year from 45% to 20%. The money saved would be used to fund the Compulsory Jobs Guarantee, designed to help young people, who have been out of work for more ...

Autumn Statement 2013: Who said what?

Who said what_istock We thought we would round up opinion and reaction to the Autumn Statement. 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 the Autumn Statement, why not leave your comment at the end of this article?   g1 George Osborne, Chancellor of the Exchequor: Our economic policy is working, but the job is not ...

Mortgages: Controversial Help to Buy to launch this week

David Cameron Gives His Keynote Address At The Conservative Party ConferencDavid Cameron has announced that the second phase of the Government’s controversial Help to Buy scheme will be launched this week, three months earlier than originally planned. The Help to Buy scheme was originally announced earlier this year in George Osborne’s Budget and has been launched in two parts. The first phase provided help to buyers of new homes, by giving them access to a shared equity loan of up to 20% of the purchase price, providing they were able to ...