Reducing car insurance costs
Recent reports and figures have recently shown how the cost of vehicle insurance cover in the UK is soaring, with premiums now thought to be a massive 30.8 percent higher ...
Why you should be wary of low cost airlines
With the summer holiday season just around the corner there will be many people on the lookout for low cost flights and holidays so that they can get some time ...
Are you considering a fixed rate mortgage?
There are many people at the moment who are considering switching to a fixed rate mortgage amidst fears that the base interest rate could increase over the next few months, ...
What is an ISA?
Simply put, an ISA (Individual Savings Account) gives you tax advantages on your savings. There are two types of ISA: a cash ISA and an investment ISA.
Eligibility for tax relief within an ISA depends on your circumstances, and the rules could change in the future.
Cash ISA
A cash ISA is like a normal savings account, but you don¡¦t have to pay UK income tax on your interest provided all ISA conditions are met.
ISA Allowance
In the 2010/2011 tax year, the maximum ISA allowance is ¢G10,200, of which ¢G5,100 can be put into a cash ISA. All of your allowance or the remainder of it can be saved in an investment ISA.
Remember you can lose money while investing.
Investment ISA
An investment ISA allows you to take full advantage of your annual ¢G10,200 ISA allowance.
Remember you can lose money while investing.
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