Individual Savings Accounts (ISAs) are often misunderstood. The rules surrounding ISAs have changed several times since their introduction in April 1999. It’s little surprise that many people are confused by the ISA rules and benefits.
The FTSE 100 index of leading UK company shares finished the week at 5,599.76, up 72.60 points or +1.31% on the day and up 245.24 points (+4.58%) over the week.
Some new research suggests that over 100,000 women could miss out on thousands of pounds in retirement because they were born just a day too early to benefit from pension rule changes.
The 50% highest rate income tax band comes into effect on 6th April 2010 for those with incomes of more than £150,000. Is it time to reconsider that old chestnut “the salary sacrifice technique”?
The anti-forestalling measures introduced and then updated last year, restricting higher rate income tax relief on pension contributions, have been updated again.
Even as we start to leave economic recession, many employers are continuing to downsize their workforces, and are often targeting those employees who are the most expensive by offering a ‘package’ of redundancy and retirement options.
Some new research from Standard Life has found that around 250,000 higher rate taxpayers are missing out on the full tax relief available on their pension contributions. In some cases they have been missing out for several years.
The FTSE 100 index of leading UK company shares finished the week at 5,354.52, up 76.30 points or +1.45% on the day and down 3.65 points (-0.07%) over the week.
We had a tentative enquiry from a prospective client yesterday who asked if FSA authorisation and regulation was “a voluntary thing”. It is absolutely not!
The unlimited savings guarantee at Northern Rock will finish on 24th May 2010. After this date, savers with Northern Rock will fall back on the terms of the Financial Services Compensation Scheme (FSCS), should the bank go bust.
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- Informed Choice
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- 01483 274566
- hello@icfp.co.uk