Every UK adult has an annual ISA allowance; this can be invested into cash (up to £3,600) stocks and shares (maximum £7,200) or a mixture of both subject to maximum £7,200 in total for the 2008/2009 tax year.
With interest rates at an historic low, act now to protect your income!
The Bank of England’s Monetary Policy Committee set a new precedent when it recently set the Bank’s base rate to 1.5%. This is the lowest it has ever been in its 314 year history.
DON’T PANIC; LOW SHARE PRICES AND FUND VALUES COULD PRESENT PROFIT OPPORTUNITIES FOR BUYERS NOW
by Ian Cowie, Personal Finance Editor of The Daily Telegraph
Everyone knows that share prices can fall without warning but investors seeking to accumulate capital over the medium to long...
Surviving in a Bear Market
With global market conditions changing daily and the constant mention of ‘Bear Market’, investor’s nerves are understandably on edge as they closely monitor the impact on their investments.
Opportunities to invest
With all global stock markets lower since the start of the year and the FTSE 100, arguably the primary stock market index in the UK down over 30% year to date - all we seem to be hearing is how gloomy it’s looking for investors.
There is an old saying "a week is a long time in politics" and lately a week has seemed like an eternity for your finances, with a series of unprecedented events shaking the global economy in recent months.
Many people will be worried about their finances with the relentless doom and gloom announcements that inflation is swiftly gathering pace, the FTSE is now in a bear market and Britain is on the brink of recession.
Following the leap in the Consumer Prices Index (CPI) from 2.2% to 3% in April the CPI has risen to 3.3% in May. According to figures recently released, by the Office for National Statistics (ONS), this is the highest recorded figure since 1997.
Top tips for the new tax year
1. Maximise your IHT allowance by making a gift
Inheritance Tax rules allow each person to give away £3,000 per year in gifts to others.
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