Wednesday, 08 February 2012

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

sm kidsinv

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

Tax form deadlines: all you need to know

LG finance4130112 With the holiday season well behind us and the month of January stretching out in front my mind turns to the impending end of the filing season for tax year 2010/11 (the year ended April 5 2011) on January 31.

Personal finance news

£218,000 to bring up a child

The cost of raising a child to the age of 21 has risen to £218,000, a report has found. Parents now spend around £10,382 a year – £865 a month or £28.44 a day – on their child’s upbringing, according to research by insurer and retirement specialist LV.

Latest business news

New events company launched by Carlisle university students

Shakey Ape photo Two enterprising Carlisle students are clinching lucrative national contracts after setting up their own events management company.

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?

Search for:

Vote

Is sugar so dangerous it should be regulated like cigarettes?

Yes

No

Show Result

Bingo