Category: Individual Savings Accounts

What does your Teenager know about Personal Finance?

In recent years secondary schools have been required to teach pupils how to manage their personal finances. – Lessons in ‘financial mathematics’, covering problems such as percentage changes and calculating interest, are now included in the national curriculum. – Within their citizenship classes, pupils are learning how public money is spent as well as how...

LISA – a new arrival to the tax planning family

The new Lifetime ISA has created more choice when saving for retirement. Rather than act as a pension replacement, the new Lifetime ISA will offer additional tax relieved savings for young savers – to save for their first home or as a top up to their pension saving. But there’s a danger that some of...

Inheriting an ISA Allowance from your spouse

Under changes in the rules introduced in April 2015 – You can inherit an ISA (Individual Savings Account) from your spouse and retain the tax benefits. Approximately 150,000 married ISA holders die each year so this change will benefit spouses or civil partners by increasing the amount that they can save by extending the tax advantages of...

The 2016 Budget at a glance

George Osborne presented his April 2016 Budget as a “Budget for future generations”.     Here’s the 2016 Budget at a glance – the main points are summarised below.   Income Taxes Personal allowance to increase to £11,500 in 2017/18 Higher rate tax threshold to increase to £45,000 from 2017/18 Class 2 NICs for self-employed...

ISA Allowance on Death – Additional Permitted Subscription

Introduction Since 3 December 2014, where a person holding an ISA dies and that person was married or in a civil partnership, the surviving spouse/civil partner is entitled to an extra ISA allowance equal to the value of the ISA(s) held by their spouse/civil partner (even where the spouse/civil partner does not actually inherit the...

Sitemap | Privacy policy
vouchedfor-logic
proadviser
bury-ifa
proadviser
top250vf

Logic Wealth Planning Limited is Authorised and Regulated by the Financial Conduct Authority. Registered in England and Wales number: 4206195. Registered Address: 18/19 Salmon Fields Business Village, Salmon Fields, Royton, Oldham, OL2 6HT. Trading address: Sigma House, 9 Southgate, Cross Street, Off Green Lane, Heywood, Greater Manchester, OL10 1ND. Telephone: 0808 1234 321.