New ISA limits for tax year 2013/14
The ISA investment allowance for the tax year 2013/14 will be raised to £11,520. Up to £5,760 of that allowance can be saved in a cash ISA.
Is your money going up in smoke?
If you smoke 20 cigarettes a day and are thinking of giving up, you could stop your money going up in smoke and invest around £2,817 a year instead.
Count down to tax year end
Almost everyone plans for Hogmanay on 31st December (New Year’s Eve for readers south of the border), but have you ever planned for 5th April (the last day of the tax year).
UK interest rates unchanged at 0.5%
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE)
What is quantitative easing?
Quantitative easing (QE) is the Bank of England’s scheme to boost the economy by buying government debt. Essentially the Bank