Savings: Brexit to trigger nightmare scenario?

frightened couple at homeSince the EU Referendum result was announced, much of the focus has been on the reaction of the world’s stock markets. So far, despite a brief period immediately following the vote to leave the EU, the markets have been relatively benign. However, the effect on savers of the decision to leave has received less attention, but there are worrying signs that this group of people could suffer as a result in the months and years to come. Existing problems Since the financial crisis of 2008, savers have had to put ...

New ISA rules, how have they become more flexible?

Following changes over the past couple of years, which have seen the maximum you can pay into an ISA (Individual Savings Account) rise substantially and Cash ISAs given parity with Stocks & Shares ISAs, another change will soon make this method of saving even more flexible. The new Flexible ISA rules will allow savers to replace any money withdrawn from their Cash or Stocks & Shares ISAs earlier in the tax-year, without the replacement counting towards the annual ISA allowance. The previous rules effectively penalised savers who withdrew Cash from their ISA ...

Q & A: Everything you need to know about Help to Buy ISAs

Everything you need to know about Help to Buy ISAsAlmost everyone seems to be in agreement, getting on the housing ladder if you’re a first time buyer is harder than ever. A combination of rising house prices and stricter mortgage lending criteria is making life extremely tough for many first time buyers, even after the launch of various Government incentives, such as Help to Buy. So the news in last week’s Budget that a new Help to Buy ISA (Individual Savings Account) will be launched later in the year is a boost ...

Retirement: 600,000 people set to raid their pensions, 7 reasons why they should be careful

600,000 people set to raid their pensions, 7 reasons why they should be carefulThe Government has revealed it expects 130,000 each year to take advantage of the new ‘Pension Flexibility’ rules and raid their pension pot. At the same time they also have shown how much the Government’s coffers will also benefit. According to new figures the new measures will raise £4 billion in additional tax receipts over the next five years. The new rules have been broadly welcomed by most people. But if you are one of the 600,000 people planning ...