The ‘ostrich effect’ is a financial term which is often used to describe the act of pretending a monetary problem does not exist: “burying one’s head in the sand” to hide from a problem. Contrary to the popular myth, the ostrich does not, in fact, bury its head in the sand, neither to hide nor...
When you are in debt, it is easy to slip into depression and allow your creditors to do their worse. This negative state of mind will not lead you to greener pastures as you nurse your shattered pride and hide away from the world. The most important thing to do is to raise your head up...
If you are keeping track of several debts and you would like the chance to lower your monthly expenditure or just make your finances easier to manage, a debt consolidation loan could help you do that. By using a new loan to repay your existing unsecured debts, you’ll combine all your debts into just one –...
(Rushup Edge) With everyone from New York Mayor Michael Bloomberg to First Lady Michelle Obama pushing foodmakers to cut the salt in their products, the salt industry is fighting back. And they warn that without enough salt, processed meats start to taste like cardboard or “damp dog hair.” Yum! The New York Times sent...
admin On March – 10 – 2010 People who are facing tough financial times are desperately looking at different options to bring their credit card debt or mortgage payments back in control. They see TV ads talking about debt settlement, debt consolidation, bankruptcy, chapter 7 chapter 13. All of these terms flying...
Simply put, an ISA (Individual Savings Account) gives you tax advantages on your savings. There are two types of ISA: a cash ISA and an investment ISA.
Eligibility for tax relief within an ISA depends on your circumstances, and the rules could change in the future.
A cash ISA. is like a normal savings account, but you dont have to pay UK income tax on your interest provided all ISA conditions are met.
See our cash ISA rates
In the 2010/2011 tax year, the maximum ISA allowance is ?10,200, of which ?5,100 can be put into a cash ISA. All of your allowance or the remainder of it can be saved in an investment ISA.
Remember you can lose money while investing.
An investment ISA allows you to take full advantage of your annual ?10,200 ISA allowance.
Remember you can lose money while investing.