By Rachel Efetha, Chartered Financial Planner with Anstee & Co. I have £15,000, should I invest in a Pension or an ISA? If you don't have other needs for this money such as paying off a debt and if you can afford to 'tie' the money up until you reach the age of 57 [...]
By Rachel Efetha. Chartered Financial Planner. Chancellor Rachel Reeves has signalled a clear ambition to drive investment into the UK economy—and ISAs may soon be part of that plan. While no formal changes have been announced, a consultation is expected, and possible reforms are already being discussed. So, what could this mean for you? [...]
By Caroline Anstee, Managing Director of Anstee & Co. Key points from the Spring Budget. The key tax points to take away from this years Spring Budget Cut in National Insurance for employees from 10% to 8%. Cut in National Insurance for the self-employed from 8% to 6%. Capital Gains tax cut to 24% [...]
By Barnes Gladman, Financial Planner. Inheritance Tax (IHT) is paid on the value of a person’s estate when they die. However, after a lifetime of paying taxes and making provisions for the future, a 40% charge on assets upon death can be difficult to accept. With years of house price rises, this is a challenge [...]
So, what is a Lifetime ISA? ISA stands for Individual Saving Account. There are several different types of ISA's, but a Lifetime ISA also known as a LISA has two main aims. Helping people save for their first home or retirement. How does a LISA work? If you open a Lifetime ISA, the Government will [...]
A Lifetime Individual Savings Account, also known as a LISA, is a great way of boosting your savings for that all-important, first mortgage deposit. So, how does a LISA work and can I have one? How a LISA works First of all, as the name implies these are individual (sole) savings accounts. This means that [...]
By Samantha Clarke, Chartered Paraplanner with Anstee & Co. So, what is an "Additional Permitted Subscription" and how does it relate to an Individual Savings Account (ISA)? In 2015, the Additional Permitted Subscription (APS) was introduced which allows a surviving spouse or civil partner to be granted a one-off additional ISA allowance, without this amount [...]
If you are a first-time buyer you only have until 30th November 2019 to take out a Help to Buy ISA. So what is a Help to Buy ISA? A Help to Buy ISA is a type of Individual Savings Account (ISA) designed to help you if you are a first-time buyer save for a house [...]
By Tracey Foster, Financial Planner Although we know every year the end of the tax year will fall on 5 April – there are some of us who will always leave potential ISA (Individual Savings Accounts) and Pension contributions to the last minute! In my last article, I talked about the Tapered Annual Allowance and [...]
Recent figures released by the government show that over 300,000 home have been brought with the help of initiatives. This may have been with help through the equity loan scheme, shared ownership or the Help to Buy ISA. What is Help to Buy? The Help to Buy, equity loan scheme, allows buyers to borrow a [...]
