From April 6th the ISA limit is rising to £10,200 a year for everyone. What does investing in a stocks and shares ISA involve?
Are you thinking of investing in an ISA this year? With interest rates on savings accounts so low and all of us (not just those who are aged 50 or over) able to invest up to £10,200 into an ISA after April 6th, it could be a bumper year for stocks and shares ISAs. Stocks and shares ISAs are popular in part because they have a tax efficient wrapper. But it's what's underneath the wrapper that's important and ISAs that look very similar on the surface can be quite different in reality.
If you need to invest for income, how should you start your planning?
Working out how to invest your money to produce an income can be a challenge, but you may have more options than you realise.
Every year around 400,000 people retire and while some of them have a pension that provides them with a comfortable retirement, many turn to money they’ve invested to boost their income. According to financial advisers, one of the biggest mistakes some people make is that they don't work out in advance how much money they'll need, which means planning to generate income for the shortfall is difficult.
Finding an independent financial adviser you can trust.
Deciding that you want professional help with your finances is one thing. Finding someone who’s up to the job is another.
I’ve been involved in personal finance for more years than I care to admit to (I started when I was very young!) and the question that keeps coming up is ‘how do I find a good financial adviser?’ Many of us may feel we’d like to get expert advice and help with our finances from time to time; but how do you track down someone who will have your best interests at heart and not their own? There’s no completely foolproof system, but here are some tips I’ve picked up.
