Posts for Tag: Regular Savings
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.
Most of our clients who want to save regularly tend to opt for the Tax Exempt Savings Plan (TESP) as their first port of call, to maximise their tax-free allowances. However, you can only save £25 per month / £270 per year in a TESP so anyone who wishes to save over this amount should then consider our complimentary Regular Savings Plan.
The Chancellor, Philip Hammond, has earlier this week (23 November 2016) announced an increase in the Junior ISA limit from 6 April 2017. The subscription limit usually increases each year in line with Consumer Price Index (CPI) and will rise from £4,080 to £4,128.