Isa

How now £5,000 in Nationwide Isa will earn you just 50p

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Nationwide, the country’s largest building society, does so many things right. Since Covid-19 brought the economy to a virtual standstill in late March, it has reassured its mortgage customers that none of them will lose their home in the next year if their household finances have been disrupted by the virus. Also, its boss, Joe … Read more

Savers desperate to switch Isa deals lose out to costly delays

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Savers desperate to switch Isa deals lose out to costly delays as banks and building societies cut rates almost daily By Sylvia Morris For The Daily Mail Published: 22:01 BST, 26 May 2020 | Updated: 22:01 BST, 26 May 2020 Savers desperate to move their Isa money to a better-paying account are suffering long delays … Read more

Double Isa allowance to £40k, says Standard Aberdeen boss

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Double the Isa allowance to £40k, says investment boss, and encourage savers to ditch cash for backing British firms to help them rebuild Fund manager boss says firms with rescue loans will need to clear their debts Standard Life Aberdeen will invest in British companies to help them do this Boss Keith Skeoch says savers should … Read more

Lifetime Isa penalty could still be 25% until HMRC updates systems in June

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Lifetime Isa savers may still lose their own money to tap savings… as the taxman proves slow to update its system after rule change victory The Treasury is cutting the Lifetime Isa penalty from 25% to 20% until April 2021 Savers who need to access the money now won’t be charged their own money They … Read more

Treasury will reduce Lifetime Isa penalty to 20% until next April

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Victory! Treasury will now allow aspiring first-time buyers dented by lockdown to tap into Lifetime Isas without penalty – just days after we raised concerns On Tuesday, we reported young savers would be penalised The DWP expects people to use Lifetime Isa cash before they can get benefits But the Treasury did not adjust the … Read more

Nervous over Isa funds? Pick a ready-made deal!

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Many investors will no doubt be feeling nervous about choosing a home for this year’s £20,000 Isa allowance. But with savings rates decimated, experts insist the stock market still offers the greatest prospect of growing your wealth long term. For those who are keen to invest some or all of this year’s Isa allowance but … Read more

Should you play safe with your Isa – or take a chance on revival?

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This month, all adults across Britain have been given a new Isa allowance, meaning they can save or invest a further £20,000 without incurring capital gains tax or tax on income. It is sensible to shelter this money as early as possible to give it most time to grow. It is also important to ensure … Read more

I’d back an investment trust over fixing a cash Isa for 7 years at 1.65%

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Would you fix your cash Isa for 7 years at 1.65%? This crash will deter investors, but I’d still back a decent dividend investment trust to beat that, says SIMON LAMBERT By Simon Lambert for Thisismoney.co.uk Published: 09:41 BST, 9 April 2020 | Updated: 09:41 BST, 9 April 2020 Would you fix your cash Isa … Read more

Best Isa rates: The top tax-free cash accounts and £20,000 allowance alternatives

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If Isa season is judged by how many new tax-free savings deals pop up in February and March, then 2020 has been an almost non-entity. At the start of this year, there were 149 easy-access Isas paying an average of 0.85 per cent, according to Moneyfacts.  By the first day of the new tax year … Read more