Rates cut, our 40th and Afternoon Tea
So the FCA is issuing a hefty fine of £46million on Mr Neil Woodford and his Company. He is being banned from senior management roles and managing funds for private individuals – ouch. He is appealing (or perhaps to the FCA (which is also investigating his latest unregulated investment tipping activities) is that he...
ISA reform looks likely – but no details as yet!
A shake-up of Cash ISAs seems on the cards as the Government has given its clearest indication yet that it is looking to reform the system. That’s a good thing as it will encourage people to see ‘investing’ as different from ‘saving’!
As reported by online financial news platform Citywire, City Minister Emma Reynolds has...
Days left to make ISA and Pension contributions before Financial Year ends
So the dearly departed are coming to the rescue of the Chancellor, as Inheritance Tax receipts for the period from April 2024 to February 2025 topped £7.6billion and that is before the swingeing increases in the Autumn Statement where these death duties will affect pensions and businesses too.
The figure is projected to grow another...
Are Cash ISAs under threat from the Chancellor?
Regular readers of this column will know we are not entirely (or certainly not universally) in favour of Cash ISAs simply because the balance of interest rates versus inflation means you can effectively be ‘losing’ money by having many thousands sat in an ISA ‘doing nothing’ as well as letting inflation eat it away.
Saving...
Great British ISA plans will not be allowed to hatch
Plans for the ‘Great British ISA’ have been shelved before they were hatched, sadly.
The idea was unveiled in the previous Government’s final Budget (as it turned out) earlier this year by the then-Chancellor Jeremy Hunt.
The scheme would have allowed savers to invest an extra £5,000 into London-listed equities on top of the existing £20,000...