magazine archive


magazine archive

Money Matters

Is it worth saving into a pension for a child?

Thursday 25 Apr 2019

There are a number of ways that parents and grandparents can start saving for children and each has its pros and cons. In recent years, Junior ISAs have become the go-to savings account for young people, with almost 1m opened in the 2017/18 tax year. Junior ISAs let you save or invest up to £4,368...

Profit by giving your investments a spring clean

Thursday 18 Apr 2019

For many the new tax year was a rush of contributing to ISAs and sorting taxes before the year-end deadline of 5 April. But for those who want to get ahead for next year, with a bit more breathing space now the deadline has passed, it’s a great time to organise your portfolio. Here are our top tips...

The benefits of using your partner’s ISA allowance

Thursday 11 Apr 2019

If you’re married or in a civil partnership you shouldn’t just think about your own ISA allowance, but should consider your spouse’s too. Each adult has an ISA allowance of £20,000 each year, and there can be tax advantages to viewing yours and your spouse’s allowances together. HERE ARE A FEW...

Seven ways your finances change in the new tax year

Thursday 04 Apr 2019

The new tax year brings a raft of Government changes that will affect the money in your pocket. We take a look at the big changes from 6 April and whether they are good or bad for your wealth. 1. A rise in income tax allowances Many of us will effectively get a pay rise when the amount everyone can...

Nine ways to save more than £3,000 a year

Thursday 28 Mar 2019

Everyone wants to be able to put away a little bit more cash each year, but no one wants to live on beans and have no social life in order to do so. We’ve crunched the numbers and found some of the best ways to save cash each year, with minimal effort and that are actually realistic. If you do all...

Here are five people who should definitely use an ISA

Thursday 21 Mar 2019

There were 300,000 fewer ISA account subscriptions in 2017/18 versus the previous year, according to Government figures. The introduction of the personal savings allowance, which gives a £1,000 tax break to basic-rate taxpayers on savings income and a £500 tax break for higher-rate payers, is...

Watch out! Avoid these 10 ISA mistakes now

Thursday 14 Mar 2019

There are many reasons to use an ISA for saving and investing but it can be easy to overlook various benefits that come with the tax-efficient wrapper or making inefficient decisions with how you manage your money. This article explains 10 ISA mistakes to avoid so you make better financial...

How can I use a Junior ISA to save for university fees?

Thursday 14 Feb 2019

The rising cost of going to university is a growing concern for parents, with tuition fees having been hiked over the past decade. The average student now leaves university with more than £50,000 of debt, according to figures from the Institute for Fiscal Studies, after tuition fees rose to £9,000...

How to be more organised with filing future tax returns

Thursday 31 Jan 2019

The tax return deadline is here again, and if you’re one of the 758,707 people who filed their return on the final deadline of 31 January last year you’ll likely be currently rushing to finish yours. And if the last minute rush means you want to be more organised in the future, here’s how. Around...

Is relief on the way for mortgage prisoners?

Thursday 24 Jan 2019

Around 140,000 people in the UK are trapped in expensive mortgage deals, unable to switch to a better rate thanks to a frustrating quirk of regulations. These homeowners, dubbed mortgage prisoners, have fallen onto their lenders’ standard variable rate, which is usually the highest interest rate...

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