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Most People Unaware Of The New Personal Savings Allowance

Up to 90 per cent of people are unaware of changes to the new personal savings allowance, despite it coming into effect in less than one month time.

Most People Unaware Of The New Personal Savings Allowance

Up to 90 per cent of people are unaware of changes to the new personal savings allowance, despite it coming into effect in less than one month time.

Savings Rates Begin To Improve

Savings rates, which have been at a record low for years, are finally beginning to edge upwards, according to research from Moneyfacts.

UK Savers To Receive Text When Introductory Rates End

Savers will receive a text message from their bank or building society when their introductory interest rate expires, under new plans by the Financial Conduct Authority (FCA).

Voters Want To See ISA Limit Raised To £20,000

People voting in the general election would like to see the ISA limit raised to £20,000 according to research from investment firm Willis Owen.

UK Saving At Ten Year High

The amount of money people in the UK are saving has hit a ten year high, according to National Savings and Investments (NS&I).

One In Three Has €less Than One Months' Income Saved’

A study conducted from figures raised in the Lloyds Bank Savings Index has found that one in three workers in the UK has less than one months’ wages put aside for emergency costs. The survey found that, despite the fact that the economy is improving, savings levels in the UK remain low.

60% Of Parents Unable To Save Money For Their Children

60% of UK parents are unable to save any money for their childrenâ??s future. UK parents who could offer their children financial help give an average of £23,000 towards a deposit for a mortgage. A fifth of parents helping their children onto the housing ladder had done so using savings set aside for retirement or elderly care.

Changes To The New ISA Savings Plan Take Effect

The much anticipated New ISA (Individual Savings Account) savings rules have been introduced today, meaning that UK adults will be able to save up to £15,000 a year in the UKâ??s most popular tax-exempt savings plan. The changes will give savers more flexibility over how their money is invested, as previous rigid rules have now been relaxed.

Stocks And Shares ISAs Outperform Cash

Research has revealed that investors with a ‘Stocks and Shares ISA’ (Individual Savings Account) have benefitted from much more growth in their savings than those with ‘Cash ISA’ in recent years.

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