|
 Individual
Savings Accounts (ISAs)
The providers above all offer Mini Cash ISAs.
However, consider whether you want a Maxi ISA, which
includes the cash allowance of a Mini ISA. You cannot own
a Mini and a Maxi ISA in the same Tax year.
Please also Note: THINK BEFORE committing your money to
a Mini-Cash ISA
(Capped @ £3000 this tax year) if you intend to draw against it
-
The Inland Revenue will not allow you to top up back to the
£3000 limit.
See the Windfalls
page for Mini (Equity) and Maxi ISAs.
More
Tax
Free Savings...
Tax Exempt Special Savings Accounts (TESSAs)
are available from most of the above Banks, where existing
TESSAs still have a life to run. As a general
rule of thumb smaller building societies give savings rates
which fall in the top quartile while the large banks tend
to offer rates in the bottom quartile. Then there is all
the rest - large building societies mixed with smaller
banks. However, you can always find an exception to the
rule. In short, it literally pays you to shop around! Upon
Maturity, be sure to 'roll-over' your TESSA/ TESSA2
account into a TESSA-only-ISA (TOISA).
This is allowed over and
above your annual ISA Cash Allowance.
See ISA Rules on the Windfalls
page.
Friendly
Societies
|
Save up to £25 per month tax free
for ten years.
No savings portfolio is complete without one of
these! |
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Tax
Questions?
Go to Inland Revenue: www.open.gov.uk/inrev
Inland Revenue Self Assessment Helpline: 01253 500050
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Enhance
the Value / Cost of your Life Insurance Cover!
|
|
Do you have an
Endowment Insurance policy you wish to
surrender?
DO NOT take the surrender value offered to you
by your Assurer: I did a few years back when I
was less well informed, and have never really
recovered the "missing" portion of the
payout.
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You can achieve a
better deal by selling on the second hand Life
Insurance Market. |
Similarly you can pick up a second-hand policy
from somebody who has surrendered early. |
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How do these two areas come together?
Learn more about Traded Endowment
Policies (TEP's): Association of
Policy Market Makers |
|
| |
AAP
Beale Doble -
1st Policy
Foster & Cranfield
(Second-hand policies) -
IPTC
Neville James email:policies@neville-james.co.uk
Policy
Choice Direct (No advice given)
Policy Plus
Policy Portfolio
Securitised
Endowment Contracts
Shepherds
Surrenda-Link
The Insurance Policy Trading Company
|
0800 316 1990
01621 851133
020 8455 1111
0800 720115 / 0800 0721160
0845 310 9231/ 0845 310 9236
0800 0742533/ 0800 1380418
0500 813913
0845 2020200
020 8343 4567
020 8207 1666
020 7398 4500
0800 919021
01483 427575 |
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