Saturday, 11 February 2012

Junior ISA - a new way to save for children’s futures

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There’s a common myth that children don’t pay tax – that’s simply not true. In fact, they’re taxed in exactly the same way as adults; which means that in the tax year 2012/12 each child can earn up to £7,475 tax free from earnings, savings or investments.

Tax advice

Chancellor’s tax problem that we’re all likely to inherit

I apologise for talking about a rather morbid subject at this festive time of year but I couldn’t help but notice that one of the more significant features of the Chancellor’s Autumn Statement had gone virtually unreported.

Pensions and retirement

Shopping for an annuity is a once in a lifetime option – so use it wisely

Although there are numerous retirement options available, the most commonly chosen route to providing pension income is to buy an annuity, which is the conversion of the accrued pension fund (usually after the tax-free cash has been deducted) into an income for life.

Give yourself a new money start in 2011

kiteflying71 With the New Year upon us, this is the time that many people put their New Year’s resolutions in place.

Browse an archive of articles from our personal finance experts here

Advice from the experts

Changes to lending rules aim to avoid past pitfalls

The Financial Services Authority (FSA) is proposing new changes to mortgage lending regulation, with plans for this to be introduced during the summer of 2013.

Personal finance news

UK families ‘among most indebted’

British families are typically £7,900 in debt from personal loans, overdrafts and credit cards, despite three years of paying them down, a report has found.

How to extend your home on a budget

pthomesnew Extending your home or converting a loft can be a cost effective way to considerably improve it, increase its value and avoid the disruption and costs from moving. So where do you start?

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