Child Trust Funds

– What is a Child Trust Fund? A Child Trust Fund (CTF) is a long term savings account designed to give parents, family, and friends a mechanism to save for a child’s future. CTF eligibility rules To be eligible for a CTF, the child must have been born between 1st September 2002 and 2nd January […]

Offshore Savings Accounts

The Pros and Cons of Saving Offshore – What is an offshore account? Many Britons live and work abroad today, and for these people an offshore account is almost a necessity. While wages and salaries can be paid into a UK based account and money withdrawn fairly freely around the world, financial transactions are far […]

How to Find the Best Savings Accounts

The ABC of Savings Account Selection When searching for and selecting the best savings account for your circumstances, don’t just consider the interest rate that you will receive for depositing your cash. There are many things to think about before pushing your cash over a building society counter. Indeed, one of those things to think […]

Benefits of Saving Regularly

Saving Regularly Has Only Benefits How would you like a cheque for £6000 ten years from now? Well, that’s a minimum that you could expect if you just saved £50 per month, every month. And that’s not including any interest that might be paid to you. Saving regularly is a great way of building up […]

Are your Cash Savings Protected?

Are your Cash Savings Protected?

Are Your Cash Savings Protected? The short answer to this question is ‘yes’, the longer answer is ‘not necessarily’. Let us explain. In the UK, all deposits up to a certain level are protected by what is called the Financial Services Compensation Scheme (FSCS). This scheme was set up to protect individuals from the failure […]

ISAs

ISAs

What is an ISA (Individual Savings Account)? It is said that the only two things in life that are guaranteed are death and taxes, of which neither is popular. When considering an investment, top priority should always be tax implications: tax can severely damage your wealth. In the 1980’s, the Conservative government introduced Personal Equity […]