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Archive for ‘ISAs & JISAs explained’

Spend beyond your means at Christmas? You’re not alone. A lot of people find things tough, financially, when the festivities are over and the dust has settled. And when it comes to present buying, relying on a mixture of credit card purchases, plundering well intentioned savings accounts, borrowing from relatives and whatever other funds can be mustered is not an uncommon position for many people…


In the past, long before the advent of ISAs, the closest many people got to investing in the stock market was through a with-profits policy.  They were encouraged by a system involving the prospect of annual with-profits bonuses that promised to smooth out fluctuations in share prices and there was also the prospect of a final bonus at the end of the term.   In the…


This week is the third anniversary of the Junior ISA (JISA). Designed as a way for parents – and family and friends – to save for their children’s future in a tax efficient way, the JISA was introduced in November 2011 to replace the Child Trust Fund (CTF). The JISA has proven very popular. Currently, nearly four out of every five parents are actively putting…


My favourite song from the classic musical “My Fair Lady” is at its start.  Lowly flower girl Eliza Doolittle is feeling rather glum about her impoverished situation in the cold environs of a Victorian Covent Garden.  However it’s not long before her fellow Cockneys rally together to cheer her up. “The missus wants to open up the castle in Capri” sings a chipper fellow Covent…


Have you seen some of the advertising that’s going on for Father’s Day?   At the risk of sounding like Victor Meldrew:  “I don’t believe it!” We’re not talking about a furry dice for dad to put in his car or a pair of shorts to wear at the beach on this summer’s family holiday.   We’re talking about three hundred and ninety nine pounds for an…


For anyone under the age of 15 it might come as quite a shock to know that there was a time when we didn’t have Sky+, TiVo, iPlayer, 4oD, Netflix or any of the range of methods available nowadays to watch TV when it suits you. It might also come as a shock to anyone aged under 30 to know that there was a time…


The new tax year, which began a couple of weeks ago, means that savers have a new ISA allowance to play with. It should go without saying that the earlier a person chooses to start investing, the more time their investments have the opportunity to grow, so it’s worth saving as early as possible. Many people who take up going to the gym say that…


The new NISA at first glance look like they will be great news. Let’s start with the obvious – a single simple cap of £15,000 a year into your ISA with no restrictions on how you invest it. Talk about setting the people free! The new regime will preserve the concept of a client being entitled to two ISAs (sorry NISAs – that is going…


News, just in from the HMRC on the CTF transfer consultation. The government has come up with a grubby little compromise only allowing transfers from CTFs to JISAs, but also made provisions for intervention at a later date. My reading of this is: it’s just too complicated to do the right thing so we’ll intervene now to get some cheap headlines but intervene later on…


Here at Scottish Friendly, we are well aware that the world of finance can be perplexing, if not downright confusing for many people. That’s why we have pooled our resources and called upon our collective years of financial experience to provide you with a new set of guides to help you try and make a bit more sense of what it all means. We’ve called…


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