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
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 […]
Personal pension minimum retirement age is changing from 50 to 55 on 6th April 2010. If you’re aged 50-54 now and wish to take benefits before age 55 you may need to act before 5th April…..click above for more information
ISA rules are changing on 6th October 2009 to allow those aged 50 and over to increase up to £10,200 each tax year into a Stocks and Shares ISA. Of this £10,200 allowance, up to £5,100 can be invested into a Cash ISA, with any unused allowance up to the £10,200 allowance being available to invest in a Stocks and Shares ISA.
I have been reading many articles recently about the changes in the ISA allowance and ISA limits coming about over the next 6-7 months so I thought I would summarise them in a nutshell and answer a few of the more common questions and enquiries we are receiving about the ISA limits increase in the 2009/2010 tax year.
Just a quick reminder that, as of 6th October 2009, the maximum which someone aged over 50 can pay into a Cash ISA in the current tax year is increasing from £3,600 to £5,100.
In the last Budget, the Chancellor of the Exchequer increased the Stocks and Shares ISA allowance from £7,200 to £10,200 for those aged over 50 (before 5th April 2010) with the increase coming into effect on 6th October 2009.
In this new feature we will answer some of the many questions we have been receiving from visitors to shrewdcookie.com. It is often said that if you ask a question chances are that many other people also want to ask that very same question.
Although we receive a large number of personal questions we have to remind you that we do not give financial advice on this website – we encourage you to visit an independent financial adviser, solicitor or accountant if you wish to discuss any particular course of action which may be prompted by an article you read on our site.
This article contains the Top 10 articles read by our visitors in April 2009. There are some fantastic articles here covering ISA’s, increase in ISA allowance, changes in the Budget 2009, Inheritance Tax planning, 10 Great reasons for writing a will etc. Read more…..
Instant Growth of 36.36% on Your Money
In the current investment market there is very little opportunity as far as most people can see it to make a decent short-term return on your money.
There is however a nice tool which can be used to generate an immediate return of 36.36% on your money invested.
How to Park your Money in an ISA
Many people are concerned about the current state of UK and world stock markets, together with other investment asset classes, yet they would still like to utilise their ISA allowance for the future tax-efficient benefits which an ISA investment can provide.