7 golden rules of investing

7 golden rules of investing 150pxIn the week when economists at the Royal Bank of Scotland advised investors to sell equities (stocks and shares) and predicted global meltdown, we thought we would take a look at some of the key rules of investing. Before we do though, the term “investing” or “investor” conjures images of middle aged men in pin stripped suits and red braces. But don’t be fooled, whether it’s your pension at work, a private pension or the ISA you put some money into years ago, you are almost ...

Savings: A warning for savers as interest rates predicted to rise six fold

iStock_000007329749XSmallMark Carney, the Governor of the Bank of England, has predicted that interest rates could rise to 3%, a six fold increase on current levels, by 2017. After five years of low interest rates, savers would of course welcome such an increase. But the uncertainty over the timing of any rate rise, makes planning tough for savers, especially those making end of tax-year Cash ISA (Individual Savings Account) contributions. How long should savings be tied up for?...

Investing: ISAs get new tax-break

Minimum WageThe ever popular ISA (Individual Savings Account), received a boost yesterday as the government announced shares in smaller companies, quoted on markets such as AIM (Alternative Investment Market), will be eligible to be held in the tax-efficient wrapper from October onwards. Until now, only shares quoted on recognised stock exchanges have been eligible to be held in an ISA. However, the changes will significantly benefit investors into smaller companies, as well as people with a potential Inheritance Tax (IHT) liability....

Today is Tax Freedom Day, 6 tips to reduce your tax bill

clouds in shape of figureToday is Tax Freedom Day, the day in the year when you theoretically stop paying over your earnings to the government, in various forms of tax and start working for yourself. The exact date of Tax Freedom day is calculated each year by the Adam Smith Institute. This year they have revealed the average employee will have to work 150 days to cover their tax bill and things are getting worse. Successive governments have increased ...