NS&I cuts ISA rate
National Savings and Investments (NS&I) is to reduce the interest rate on its Direct ISA by 0.25% to 1.50% AER with effect from 27 February 2014.
NS&I Reduces Rates on Premium Bonds
NS&I to reduce Premium Bonds prize fund rate. Premium Bonds are unlikely to stop the value of your money being eroded by inflation.
Happy new tax year
New tax year – new ISA allowance.
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.