Posts for Tag: Tax Free
The first of the children with Child Trust Funds will begin to turn 18 from 1st September 2020. Although this date seems a long way off, it’s a sensible idea to begin planning now.
Following the demise of the Child Trust Fund (CTF) the government introduced Junior ISAs as a replacement to encourage parents to start saving for their children’s future.
A quick guide to the Investment ISA. Please read the product brochure and Key Information Document should you wish to apply.
According to The Office for National Statistics (ONS), the proportion of UK residents’ disposable income that goes into savings has fallen to a record low.
Tax Exempt Savings Plans (TESPs) are only available through friendly societies and are an additional tax-free allowance in addition to any ISA or Junior ISA allowances.
The Bank of England voted to keep its base rate at an historic low of 0.25% on 02 February 2017, despite expectations of rising inflation and slower wage growth squeezing household budgets and spending this year.