Pensioner bonds will pay 4% interest over three years and 2.8% over one year
If you’re aged 65 or over, you’ll be able to save up to £10,000 in each bond

Details of the ‘pensioner bonds’ have been released. These fixed rate, fixed term savings accounts will go on sale in January and will be available to anyone in the UK who’s aged 65 or over. You’ll be able to buy them direct from National Savings & Investments. The interest rates, at 2.8% over one year and 4% over three years, are much higher than anything else you can get on the market at the moment.

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12-12-2014
12-12-2014
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Co-op bank has failed a Bank of England stress test. What does this mean?
Why does the Bank of England stress test on banks matter and what does it tell us?

The Bank of England has released the results of its most recent stress test. It says that Co-op bank failed the stress test and Lloyds Banking Group and RBS/NatWest were at risk. But that doesn’t mean these banks aren’t safe or that your savings are about to disappear. The Bank of England stress test is very tough (described as creating conditions not seen since World War I).

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16-12-2014
16-12-2014
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New limits for ISAs and changes to stamp duty – how does the Autumn Statement 2014 affect you?
The Chancellor also said that people who had a joint annuity or a guaranteed annuity could pass it on tax free

The ‘rabbit out of the hat’ from chancellor George Osborne was that the stamp duty system would be changed. It will mean most people who buy a home will pay less stamp duty. He also announced changes to ISA rules and confirmed that pension rules will be relaxed from April. The chancellor also said that the personal allowance and 40% tax threshold will increase.

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03-12-2014
03-12-2014
3
 
 
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You should always obtain independent financial advice.