Posts Categorized: Uncategorized

Iraq casts global shadow

Buoyed by encouraging economic data from the US, many leading equity indices started June relatively strongly but investor sentiment was then undermined by reports of escalating conflict in Iraq. Share prices declined and the price of oil surged to its highest level since September 2013. Europe attracted much of the limelight early in the month,… Read more »

UK interest rate update

Having languished at an all-time low of 0.5% since March 2009, UK interest rates have returned to the spotlight. At the start of June, the European Central Bank cut its deposit rate for banks from zero to -0.1%, in order to incentivise banks to lend instead of sitting on their deposits. Meanwhile, closer to home,… Read more »

UK economic update

The UK economic recovery continues to gather pace, triggering a slew of upgrades to growth forecasts for this year. The International Monetary Fund raised its forecast for the UK’s economic expansion during 2014 from 2.5% to 2.9%. Meanwhile, the Organisation for Economic Co-operation & Development upgraded its 2014 forecast to 3.2%. In comparison, the Bank… Read more »

NISAs – a new phase for ISAs

Individual Savings Accounts (ISAs) entered a new phased from 1 July 2014, the ‘New ISA’ (NISA) limit will increase to £15,000 and you can invest as much as you like of this allowance in cash, stocks & shares or a combination of the two. Investors will also be able to transfer ISA savings from previous… Read more »

2014/15 limits for ISAs

Allowances for Individual Savings Accounts (ISAs) have continued to rise for the current tax year, providing a welcome additional incentive for UK savers. At present during the 2014/15 tax year, investors can save up to £15,000 in an ISA. From 1 July 2014, and following reforms to the ISA system that were announced in the… Read more »

Choosing a suitable Cash ISA

Cash Individual Savings Accounts (ISAs) are among the most straightforward investment products on the market. Cash ISAs are designed to appeal to investors who want to take less risk, but also want their cash savings to work as hard as possible in a tax-efficient way. At present, the upper limit for a cash ISA investment… Read more »