AJ Bell’s cashflow falls as cautious investors dip their toes back in the market April 20, 2023 Retail investment platform AJ Bell recorded a slowdown in the amount of cash flowing onto its platform in the first three months of the year even as customers bumped upwards, in a sign DIY investors are edging back into the market.
New tax year: First saver to max out ISA allowance took just six minutes after midnight April 7, 2023 Some savers have already maxed out their new 2023-24 Isa allowances within hours – or even minutes – of the new tax year starting. Fidelity International Personal Investing said the first customer to maximise their new Isa allowance of £20,000 did so at six minutes past midnight on Thursday April 6. Ed Monk, associate director, [...]
Capital gains tax allowance changes to hit half a million investors’ profits as tax year begins April 4, 2023 Investors are being warned to be aware of the halving in the tax free amount of profit they can make when selling valuable assets, such as shares or a second home. Wealth manager Nutmeg said investors were likely to be caught out by capital gains tax (CGT) changes coming in on 6 April. After then [...]
Tax year end: Six ways to invest a £100,000 bonus March 28, 2023 Next week marks the end of the 2022/23 tax year, with midnight on 5 April the deadline for using available tax-free savings and investment allowances. Last December saw city workers awarded bumper bonuses and seven in ten City workers still expect their bonus to be as large as – if not ‘larger’ or ‘significantly larger’ [...]
Junior Isas and the £100k children’s savings club: As savings deadline approaches parents reminded to use their tax free allowance March 28, 2023 Around 40 children had Junior Isa pots worth £200,000 or more at the end of the 2020/21 tax year, according to HM Revenue and Customs (HMRC) figures. And around 500 had savings pots worth £100,000 or above, the figures indicate. The rounded figures were released after a freedom of information request made on behalf of [...]
Lump sum or regular saving, investing for children and how to go green: Your Isa guide to making the most of this year’s tax-free allowance March 24, 2023 With just under three weeks left until the end of the tax year, savers may still be considering how to use their annual tax-free Isa allowance. You can use your allowance whether you are looking at setting up a regular savings plan, or investing a lump sum, or even considering putting some cash aside for [...]
Use your Isa allowance to invest against the Chancellor’s ‘Budget raid’ on savings March 8, 2023 What are your options if you plan to use your Isa to buy stocks and shares. We explore the different assets and explain why it’s more important than ever to use your Isa allowance this tax year. More taxpayers than ever are falling into the higher rate tax bracket of 40 per cent. According to [...]
Isa explainer: should you go for cash or stocks & shares? February 23, 2023 Savers have just over four weeks to make the most of this year’s tax-free savings allowance. We look at the different types of ISA available and how to find the one that’s right for you. Individual Savings Accounts, or Isas, were introduced by the government to encourage more people to save and allow savers to [...]
Budget 2021: Government freezes Isa allowances as inflation comes down the track October 28, 2021 Isa and Junior Isa spending limits will be frozen at their current levels until at least 2023 under the Treasury’s Autumn budget plans, in a move that could hit investors with tax and harm savers if inflation begins to multiply further down the line. Chancellor Rishi Sunak outlined the annual payment limit for adult Isas [...]
More young people are turning to ISAs to invest, but also to have impact April 6, 2021 | Sponsored The impact of the global pandemic, big political changes, and social justice movements on day-to-day life in the past 12 months has been substantial. One of the key areas affected has been people’s personal finances, from loss of income on one hand, to increased savings from less leisure spending on the other. So how have [...]