13 Dec, 2007
Short-Term Savings Accounts –
It is a very good idea to keep at least a little bit of money in a savings account, especially one which you can easily access when you need it, just in case of an emergency or the need for a sudden expenditure.
Reasons that you might benefit from opening a short term savings account over a long term account:
- You may need to spend money quickly or even urgently for a variety of reasons including to fix up your home, repair your vehicle, and so on.
- You might need to help a family member or friend out during a personal emergency.
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21 Jul, 2007
While there are many ways to save money, we have come up with at least 10 ways which everyone can use to save substantial amounts on money - funds which you could certainly make use of !
Check out these simple ideas which are very very effective :-
Don’t Always Buy Branded Goods
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3 Jul, 2007
It seems almost inevitable that Thursday’s meeting of the Bank of England committee will sanction a further quarter percent rise in the UK base rate. Recent comments by some members of the committee have led many to believe that a move upwards is almost certain, a view further strengthened by recent news confirming that property prices have risen again, and inflation is still fairly strong.
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28 Jun, 2007
While we continue to see headlines of a rise in property prices and the government keep telling us that things have never been better, it seems that all is not well underneath the surface. Recent figures from the authorities have shown that the UK savings rate to income ratio is at the lowest for some 47 years. Currently the UK population are only placing 2.1% of their income into savings, a very similar situation to the start of the 1987 property crash!
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9 Jun, 2007
The Inland Revenue have announced that anyone with an offshore bank account will need to declare account details within the next two weeks, or face possible fines. Even though any accounts which are declared will be subject to the repayment of back taxes, there will be fines and other charges if the Inland Revenue need to investigate themselves.
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13 May, 2007
While the idea of Child Trust Funds has been mentioned for a few years, and recently came into being, many people are still not aware of what their children are entitled to and how it works.
In summary, the Government have promised new born babies a minimum lump sum payment of £250, rising up to £500 for low income families. These funds will be held in a Child Trust Fund until the child reaches 18 year of age, at which point they can be withdrawn free of any tax charges.
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