Savings

Britain's stark option: conserve or remain in fairyland

Britain’s stark option: conserve or remain in fairyland

Comment: The British save 2.4pc of disposable earnings in contrast to eleven.7pc for the French. Will the “Budget for savers” adjust that?   Photo: Getty Pictures We have to conserve more – an terrible good deal more – or potential generations will face tax rises and exorbitant borrowing charges that…

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'Post Workplace prematurely closed my cost savings account'

‘Post Workplace prematurely closed my cost savings account’

A single reader gave recognize of their intention to close an account with the Publish Office, but was frustrated when it did so too early   Photograph: Ben Birchall/PA I wrote to the Post Workplace offering loads of notice of my intention to shut an account, which it misunderstood to…

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Tiny-acknowledged bank gives two fixed greatest-acquire accounts

Tiny-acknowledged bank gives two fixed greatest-acquire accounts

The second-oldest independant financial institution in Britain, Raphaels, is providing up to 2.05pc on its fixed charge bonds   Photograph: ALAMY Raphaels Financial institution has emerged out of the woodwork to release three fixed-price bonds paying up to two.05pc. Founded in 1787, Britain’s 2nd-oldest independent bank is paying 1.75pc on…

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Can you trust foreign banking institutions competing for British savings?

Can you trust foreign banking institutions competing for British savings?

A sea of unfamiliar names – some foreign, others new – exhibits in a search for the ideal financial savings accounts. So who are these organisations, and is your cash protected?   Photograph: ALAMY Cost savings costs have been reduce so deeply by key banking institutions and creating societies that…

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Brokers race to launch income and shares 'super Isas'

Brokers race to launch income and shares ‘super Isas’

Brokers will give traders the choice of currently being able to combine and match in between the two shares and money beneath the new Isa rules, which come into force in July

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Loophole for couples to cut tax on savings

Loophole for couples to cut tax on savings

How to lessen your tax bill by thousands of pounds by arranging joint cost savings accounts carefully   Savers can slash hundreds of pounds from their tax bill by making use of a tiny-known loophole relating to the treatment method of joint accounts. The guidelines governing the payment of tax…

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Shambolic Isa transfers that consider nine months

Shambolic Isa transfers that consider nine months

A scandal leaves traders in limbo for months when moving brokers. Dan Hyde explains why The Agenciesis campaigning for alter

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Santander to minimize 1.6pc very best get Isa

Santander to minimize 1.6pc very best get Isa

Santander will next Tuesday minimize the charge on its top effortless accessibility Isa to one.2pc for new buyers   Photo: ALAMY Santander will next week lessen the rate on its effortless accessibility money Isa from one.6pc to one.2pc. The changes to the Direct Isa Saver will come into result on…

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Make clear offshore account or encounter prosecution, says Treasury

Make clear offshore account or encounter prosecution, says Treasury

Plans to simplify laws and make it a criminal offence for Britons to hold undeclared income overseas unveiled by Treasury   Photo: GETTY Photos Savers who stash income in offshore accounts are more very likely to be prosecuted beneath government plans to get tough on tax evasion. The Treasury unveiled…

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As a new tax year starts, banking institutions start to compete for your Isa cash

As a new tax year starts, banking institutions start to compete for your Isa cash

Nationwide and Coventry launched very best-buy accounts at the start off of the new tax yr yesterday   Photograph: Fotolia Nationwide was the first out of the blocks at the start of the new tax 12 months yesterday, supplying an Isa paying out two.5pc. On April six, every single saver…

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