Preparing For The Next Financial Crisis

A guest blog for Serenity Financial Planning by investment, retirement and platform research consultant Abraham Okusanya MSc of Finaytiq. A crisis is coming! In the coming years, there is going to be a major financial crisis! This crisis will bring capital markets across the world to their knees. There’ll be a lot of panic. Your … Continued

Economic turbulence and financial trouble and money adversity or economy crisis concept as a tree being blown by the wind and damaged or destroyed by the force of a storm as a business crisis metaphor with 3D illustration elements.

Why LISA might be the new star of the tax year

If you have yet to see much point in saving money in an ISA, a new incentive for 2017 could change your mind. This month sees the launch of a new Lifetime ISA – or LISA. For every pound saved in the tax year – up to a maximum of £4,000 – the state will boost … Continued

The new Lifetime ISA could help to grow your savings

Help To Buy vs Lifetime: Which ISA is best?

Set to be introduced in April 2017, the Lifetime ISA essentially offers an alternative to the Help To Buy ISA. With two competing options on the table, it’s important to know which is best for you and your needs, as whilst they have some similarities, there are also key differences between the two.

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The Lifetime ISA: What you need to know

Amongst the key announcements that came from the budget was the introduction of a new ‘Lifetime ISA.’ By far the most attractive feature of this new form of savings account is that contributions every year will receive a healthy 25% bonus from the government.

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Use it or lose it time for your ISA

As the end of the financial year draws ever closer, it’s important not to forget about any ISAs (Individual Savings Accounts) you have and any remaining payments that you’re allowed to make. The maximum allowance for ISAs for the 2015/16 financial year is £15,240, so it’s important that you invest any funds that you have left to pay into your ISA as close to that amount as possible, as soon as you can.

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Should we scrap tax reliefs on pensions and create a lifetime ISA for all?

A single Lifetime ISA for everyone should be created with all tax reliefs on pension contributions being scrapped, a leading figure at the Centre for Policy Studies (CPS) has proposed, according to an article published by the CPS. Research Fellow Michael Johnson said the opportunity has come for a radical overhaul of savings after the Chancellor launched a consultation into the future of the pensions tax regime in July.

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Should your Junior ISA be in Cash or Stocks and Shares?

Children born after 3 January 2011 – or those aged under 18 and born before 1 September 2002 – can open a Junior ISA. This also applies for those children born between 1 September 2002 and 3 January 2011 who are not eligible for a Child Trust Fund (CTF).

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