Income Protection Insurance is a form of insurance policy, which is designed to provide financial assistance to someone who is rendered unable to work for an extended period due to disability or illness. The money paid out by this form of insurance is entirely tax-free and, if you take out an Insurance Protection policy that [...]
If you are sitting down with your ipad, diary, phone or calendar make sure you include these 4 key financial dates for 2012 as there are a few financial changes taking place this year. 1. January Tax Deadline If you are self employed, or have income coming in from more that one source then you [...]
Living life is expensive, that much is true, whether saving for education, weddings, mortgage deposits, pensions or something else financial planning is always a good idea and will help you in the long term. There are also occasions in life that cannot be planned for and having a nice nest egg tucked away will fill [...]
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Simply put, an ISA (Individual Savings Account) gives you tax advantages on your savings. There are two types of ISA: a cash ISA and an investment ISA.
Eligibility for tax relief within an ISA depends on your circumstances, and the rules could change in the future.
A cash ISA is like a normal savings account, but you don’t have to pay UK income tax on your interest provided all ISA conditions are met.
In the 2010/2011 tax year, the maximum ISA allowance is £10,200, of which £5,100 can be put into a cash ISA. All of your allowance or the remainder of it can be saved in an investment ISA.
Remember you can lose money while investing.
An investment ISA allows you to take full advantage of your annual £10,200 ISA allowance.
Remember you can lose money while investing.
