Build wealth by paying yourself first! Take a paycut and invest this money for your future.
Just a quick post as I am off for the long Bank Holiday Weekend, but I have been reading an interesting post by Lee over at FivePencePiece on the need for Compulsory Financial Education in our schools. I wholeheartedly agree with Lee – we received not a single piece of guidance on personal finance whilst […]
The end of another tax year is now upon us and you have until 23;59 hours tonight (5th April 2012) to use your ISA allowance. Here is my ISA article – also check out Lee’s over at FivePencePiece
Just a quick heads-up people – the deadline for submitting your electronic deadline is fast approaching – 23.59 hours on Tuesday 31st January 2012. This is the deadline for submitting your electronic return (paper returns were due in by 31st october 2011) for the 2010/11 tax year. It’s also the deadline for payments due in […]
Here’s a brief overview of ISAs (Individual Savings Accounts) – what you can and cannot do with them in the current 2011/12 tax year which ends on 5th April 2012. What is an ISA? An ISA (Individual Savings Account) is a tax-efficient form of saving or investment. It is tax-efficient in terms of income and […]
At midnight tonight the new 2011/12 tax year starts! ISA allowances are increasing from £10,200 to £10,680. Of this £10,680, up to £5,340 can be invested in a Cash ISA, and any unused allowance between the amount you put into a Cash ISA and the overall allowance of £10,680 can be invested in a Stocks […]
It’s that time of year again – as the end of another tax year approaches on 5th April we are now well and truly into “ISA Season”! Here’s a brief overview of ISAs for those new to this form of savings/investment, as well as for those who may have a few queries they need answers […]
This evening I received an email purportedly to be from HMRC in respect of a tax refund. The opening to the email is as follows: “Dear Applicant We have reviwed your tax return and our calculations of your last years accounts a tax refund of GBP 178.25 is due.” You will notice that there are […]
The Financial Services Authority has confirmed that the compensation limit for depositors will increase from £50,000 to £85,000. This increase in the limit came into effect from 31st December 2010.
The Government has announced that a “Junior ISA” for children will be launched to replace the previous “child trust funds” which have been scrapped. The new “Junior ISA’s” are likely to come into force in Autumn 2011 and information on them is limited at present. The new ISA will be a simple and tax-free way for […]