magazine archive
magazine archive
Personal Finance
Pension vs ISA: choosing between the two when it comes to saving for kids
Thursday 14 Jul 2022Lots of parents want to start a savings account for their child but are put off by the array of accounts on the market. From cash to investing, from Premium Bonds to regular savers, or an ISA versus a pension, there are lots of options. For the purposes of this article we’ll assume that you want to...
Parents: four things to consider before helping your child on the property ladder
Thursday 30 Jun 2022Parents are now financially involved in half of all property purchases for those under the age of 35, according to the latest estimates from Legal and General. This shows the importance of the Bank of Mum and Dad to the housing market. Estate agent Savills estimates that as of last year just shy of...
Discover how recent capital returns from Aviva are being taxed
Thursday 23 Jun 2022Investors are probably used to receiving dividends from companies, and the income tax that may be liable on those payments. But every now and then, companies choose to pay back some capital to investors, and that is taxed in a different way. Insurance firm Aviva ( AV. ) recently paid £3.75 billion...
50,000 buy a home with a Lifetime ISA and £1.1 billion tucked away for kids
Thursday 16 Jun 2022It’s sad to admit, but there is a flutter of excitement that ripples through the personal finance industry when HMRC releases its ISA statistics every June. The figures reveal a host of interesting trends about what everyday savers are doing with their money, and the latest data dump was no...
The best ways to maximise your holiday spending money
Thursday 09 Jun 2022Anyone setting off on holiday this summer will want to make their money go the furthest – and one easy way to do that is being savvy about how you spend money while abroad. The difference between using the wrong card and one with low fees, or getting your cash at the airport compared to a more...
Should I fix my savings now or bank on higher rates coming?
Wednesday 01 Jun 2022Higher interest rates are on the way, or so the boffins in the investment markets expect. This is great news for savers, but it presents a conundrum for those looking at whether to lock in higher interest rates by fixing their savings. In this article we’ll help guide you through whether you should...
Cost of living crisis: how to create a budget and stick to it
Thursday 19 May 2022Nine in 10 people have seen an increase in their cost of living in the past month, with a quarter of people saying it was hard to pay their essential bills, according to Bank of England research. Inflation has hit 7% and is now expected to reach double digits later this year. A lot of this is...
How different versions of the same fund get taxed
Thursday 05 May 2022Many funds have two different versions and picking the right one can have a big impact on your investment returns but also on your tax situation. Here we’ll explain everything you need to know about how tax works on ‘Inc’ and ‘Acc’ units. WHAT’S THE DIFFERENCE BETWEEN INC AND ACC? Funds that...
Here are some reasons to be more cheerful about your money
Thursday 28 Apr 2022Whether it’s been tax hikes, the cost of living crisis, or the war in Ukraine, doom and gloom hasn’t exactly been hard to find in April. The downbeat mood around household finances is palpable, and understandably so, with the price of essential items rising so rapidly. At tough times like these, we...
Don't struggle with a big university bill. Invest now for your child’s future
Thursday 21 Apr 2022Many American families already embrace the concept of a college fund and start saving for their children from when they are born. With the cost of university increasing in the UK, lots of parents might be thinking of starting a similar fund for their children. Anyone with younger children could...