I have fallen in love with Isas all over again. For years, my Isa was the poor relation in my investment portfolio as I piled money into my pension to gain tax relief on contributions. But punitive recent tax changes have taken the gloss off pensions for anyone who saves hard and invests successfully. Those … Read more
How young savers can get a 25% bonus of up to £1,000 with the Lifetime Isa… but beware an expensive penalty if you don’t play by the rules Savers aged under 40 can open a Lifetime Isa and save up to £4,000 a year It is aimed at those buying a first home and can … Read more
How to bag an Isa paying more than 1%: Nationwide launches new deal which comes with a £50 bonus for those transferring in more than £10k Nationwide’s new 18-month fixed-rate Isa will pay savers 0.75% It is open to existing customers but bonus bumps the rate up Isa rates have collapsed in the last year … Read more
When it comes to choosing a stocks and shares Isa, investors are spoilt for choice. Everyone from big-name platforms to newer robo-advisers have an offering. The hard bit is finding out which is right for you. To find the best option, think about what you want to invest in, how much you have to invest, … Read more
Cash Isas have been a favourite among British savers since their launch 22 years ago. More than eight million people pay into one every year. But the patience of cash Isa savers has been tested in the past year as rates have sunk to new lows in response to two cuts to the Bank of … Read more
Former Conservative MP John Lee is one of the most enthusiastic investors I’ve ever had the privilege of meeting. Now a Liberal Democrat life peer with the rather grand title of Baron Lee of Trafford, the 78-year-old remains as passionate about investing as he has ever done – and he has considerable investment clout. In … Read more
Campaigners have reacted with dismay to the news the Treasury does not plan to reduce the Lifetime Isa withdrawal penalty for another 12 months. The news means aspiring first-time buyers will again be charged their own money from April to raid their house or retirement deposits if they run into financial difficulty and need to … Read more
The Isa is a fantastic saving and investing invention. It wraps around your savings and investments, protecting them from tax on interest, profits and dividends, and is a wonderful way to build long-term wealth. To my mind, outside of the money you stash away for your pension, saving or investing into an Isa is a … Read more
Becoming an Isa millionaire will be twice as easy for the next generation of investors, new research shows. Joining the £1 million club is an impossible dream for many, but investing in Isas might make it easier than you think. There are 579 investors with Isas worth more than £1 million with broker Hargreaves Lansdown. … Read more
The Government has been forced to address plans to begin charging aspiring first-time buyers their own money to raid their house deposits if they run into financial difficulty, after a petition calling for the Lifetime Isa penalty to be permanently reduced received thousands of signatures. The penalty to withdraw money from the tax-free account was … Read more