COLLECTIVE INVESTMENTS (UK)
Synopsis: Short summaries of articles we think you will find useful from some of the weekends broadsheets. At the end of each summary is a link to take you directly to the relevant article. Please see Helpful Hints at the end of the bulletin.
Date posted: Monday, June 30, 2014
Financial Times:” Share scheme tax relief up 45%”. An uptake in the exercise of company share options saved taxpayers £840m in 2012-13, an increase of almost half on the previous year, according to data published by HM Revenue & Customs.
Financial Times:” Make the most of it: a £15,000 passive Nisa”. From July 1, savers and investors will be able to put £15,000 each tax year into a ‘New Isa’ or Nisa. The stocks and shares element of a Nisa will be interchangeable with the cash part, creating much greater flexibility for investors.
Financial Times:” Money Advice Service offered outdated UK pensions information”. A service tipped to deliver a key plank of the government’s radical pension reforms continued to make available outdated information in the wake of the Budget, potentially misleading thousands of pensioners.
Financial Times:” Gauging the tax risk – from Isas to Icebreaker”. Minimising taxation is part and parcel of successful investing. But when do the risks outweigh the benefits? At what point does the tail begin to wag the dog? At the lower end of the scale, things such as premium bonds and Isas are unlikely to add much risk, but anything that involves investment in small or start-up companies certainly does.
The Times:” Smart ways to make your children cash-savvy”. A host of new digital tools can help parents teach the value of money
The Times:” Easy lessons that could pay for university”. It is not just your Isa that is getting an upgrade on Tuesday — the junior Isa will also have an increased annual limit.
The Times:” How you can join the super Isa revolution “. Are you ready for the super Isa revolution that, from July 1, will transform Britain’s most popular savings scheme?
The Times:” How much is your pension worth?”. First the good news: more people are in work-based pension schemes than ever before. Under auto-enrolment, the new pension system introduced by the government almost two years ago, all but the smallest employers now offer their staff a pension scheme — and enrol all employees other than those who opt out. They also have to contribute to the scheme on employees’ behalf.
The Telegraph:” Risks emerge in the age of robot advisers”. Regulators see a future of investment advice from artifical intelligence and ‘learning algorithms’ but cautious savers are already in danger of being sold risky investments, the Telegraph can disclose
The Telegraph:” New super Isas: How to transfer safely from stocks & shares to cash”. Investors will be able to transfer money from stocks and shares to cash Isas for the first time from July 1, when the new Isa regime takes effect. But make sure you tread carefully to avoid losing the tax advantages of your savings pot.
The Telegraph:” The big Isa drawback: the mess when you die”. In the excitement of being able to save more into Isas from Tuesday, let’s not forget one large unfairness remaining in the Isa system: one which the Chancellor needs to fix.
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