Analysis Topic: Personal Finance
The analysis published under this topic are as follows.
Wednesday, October 27, 2010
New Junior Cash ISA's to Replace Child Trust Funds / Personal_Finance / ISA's
By: Nadeem_Walayat
The Coalition government has announced plans to replace the Child Trust Funds with Junior ISA's. CTF's proved an abysmal failure as usually only the state would make contributions into a limited range of funds available, all of which have lost money after inflation and therefore acted purely as a vehicle for financial institutions to earn commissions and therefore a proved a waste of over £6 billion of tax payers money.
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Tuesday, October 19, 2010
Top Three Ways to Boost Your Credit Rating / Personal_Finance / Credit Cards & Scoring
By: Credit_Choices
Your credit rating is calculated by a credit reference agency. The agency will carry out a credit rating check by compiling information based on a variety of sources, such as the electoral role, financial data and court records. This information is sold onto lenders who will use it to decide whether to lend money or what deals to make available to the customer.
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Thursday, October 07, 2010
How 40% Tax Payer Families Can Keep Child Benefit Using Pensions / Personal_Finance / Taxes
By: Nadeem_Walayat
Firstly, virtually all of the mainstream press are WRONG in the assumption that the 40% tax band kicks in next tax year from £44,000 because they have failed to take into account tax changes announced in the June emergency budget that in effect reduces the higher rate tax band towards a rate of approx £42,500 (pending release of September RPI later this month).
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Wednesday, October 06, 2010
Fee Paying U.K. Current Accounts Double, Big Profits for the Banks / Personal_Finance / UK Banking
By: MoneyFacts
In the current economic climate, current account credit interest rates have fallen significantly. So much so, that a number of providers have decided to scrap paying credit interest altogether.
In recent weeks, NatWest and RBS have stopped paying credit interest on all of their current accounts.
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Tuesday, October 05, 2010
How To Decide Between Fixed-Rate and Tracker Mortgages / Personal_Finance / Mortgages
By: Credit_Choices
One of the biggest decisions to make when taking on a mortgage is whether to go for a fixed-rate mortgage or a tracker mortgage. You need to consider your own personal circumstances, and all the potential outcomes of being signed up to each kind of mortgage.
Tuesday, October 05, 2010
Top Tips For Switching Between Mortgage Deals / Personal_Finance / Mortgages
By: Credit_Choices
If your mortgage deal is no longer competitive, it may be time to switch. However, choosing the wrong mortgage could cost you thousands of pounds a year. Here are the most important things to consider when planning to switch mortgages.
Thursday, September 30, 2010
Retirement Investors Take Advantage of the Greatest Government Tax Loophole Ever / Personal_Finance / Pensions & Retirement
By: DailyWealth
On December 31, 2010, the government will close an amazing loophole... one that affects 60% of the U.S. population.
In an attempt to collect taxes today to pay for its excesses, the government is promising to never tax our retirement money in the future. Let me explain...
Tuesday, September 28, 2010
Tips for Finding Cheap Loans You can Rely On / Personal_Finance / Debt & Loans
By: Credit_Choices
If you see an advertisement for a cheap loan which seems too good to be true, it may well be. Here are some top tips for spotting the potential pitfalls of loan offers and finding the right cheap loan for you.
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Saturday, September 18, 2010
Top 10 Tips For Finding the Best Savings Interest Rate / Personal_Finance / Savings Accounts
By: Credit_Choices
More and more people are reducing their spending and choosing, instead, to save or invest the money they earn. Find the best savings rate available to you and the money you put away will go a lot further. Here are the top ten tips for finding the best savings rates.
Friday, September 17, 2010
Mortgage Repayment Protection, Is it worth it? / Personal_Finance / Mortgages
By: Credit_Choices
Mortgages were seen in the boom years as a foolproof way of borrowing, leading to inevitable profits from soaring house prices. Now the recession has hit, many people are struggling to repay their mortgages by themselves - this is where mortgage protection comes in.
Wednesday, September 15, 2010
Save on Credit Card Interest Rate Payments by Utilising Interest Free Credit Cards / Personal_Finance / Credit Cards & Scoring
By: Credit_Choices
Paying interest on a credit card can take a big chunk out of your monthly earnings, so if you can avoid paying interest by using an interest free credit card, you should do so. There are now a variety of different credit card deals which can help you last longer without paying interest, you just need to know how to navigate the interest free credit card marketplace.
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Tuesday, September 14, 2010
What Are ‘Adverse Credit Cards'? / Personal_Finance / Credit Cards & Scoring
By: Credit_Choices
David P Walker writes: Adverse credit cards are available for people who may not have access to the most competitive credit cards. This is usually because they have a bad credit rating, and are therefore considered by lenders to be in the ‘high risk’ category of borrowers. Adverse credit cards usually have higher interest rates and less features than other credit cards, making them an unattractive option for those who can take out other types of credit card. However, they can help to rebuild a good credit rating, if used sensibly.
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Tuesday, September 14, 2010
Top 5 Tips for Using a Credit Card Abroad / Personal_Finance / Credit Cards & Scoring
By: Credit_Choices
Using a credit card abroad can be an expensive business. If you are planning to make use of your credit card abroad, there are some simple steps you can take to ensure you get the best deals and pay as few fees and charges as possible.
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Monday, September 13, 2010
Three Steps to Your Monetary Freedom / Personal_Finance / Fiat Currency
By: LewRockwell
Richard C.B. Johnsson writes: What is needed for us to have real monetary freedom? Do we have to repeal legal tender laws? Abolish the central bank? Introduce a gold standard? Denationalize money á la Hayek? Or perhaps to introduce some other major policy change?
Not really. We just have to use some magic, some monetary magic.
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Thursday, September 09, 2010
Banks Hit Customers With Increased Overdraft Intereat Rates Despite No Change in Base Rate / Personal_Finance / UK Banking
By: MoneyFacts
Recent figures from the Bank of England show overdraft rates at an all time high.
In the last 18 months, more than a quarter (26%) of current accounts have seen increases in their authorised overdraft rates, despite no change in the bank base rate. (See appendix for full details)
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Tuesday, September 07, 2010
Four Ways to Make Your Money Work Harder / Personal_Finance / Money Saving
By: Nilus_Mattive
After a great Labor Day weekend, a lot of Americans are now back at their desks, hard at work … and I’m no exception.
But while you might rather be back at the beach or the family barbecue, the good news is there are things you can do to make sure your hard-earned money is working hard for you in return.
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Saturday, September 04, 2010
HMRC PAYE Tax Error To Cost Workers £1,400 Each, £400 Rebate for Others / Personal_Finance / Taxes
By: Nadeem_Walayat
A Treasury department audit of the Inland Revenue (HMRC) has revealed huge blunders in calculation of tax owed under the PAYE system which means 1.5 million workers have paid too little tax amounting to an average tax bill of £1,400 each or £2 billion in total. Against this HMRC was found to have over deducted tax from 4.3 million workers totaling £1.8 billion which averages out at a tax refund of £400 each.
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Tuesday, August 31, 2010
Retirement Distress as Annuity Rates Hit All Time Lows / Personal_Finance / Pensions & Retirement
By: MoneyFacts
The prospects of securing a comfortable retirement have taken a further blow with news that pension annuity rates have hit an all time low.
Research from Investment Life & Pensions Moneyfacts has revealed that annuity rates have fallen steadily over the summer months following a spate of re-pricing activity amongst providers.
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Tuesday, August 24, 2010
Reader's Question: Will the Gov't Confiscate my 401K and Should I take My Money Out? / Personal_Finance / Pensions & Retirement
By: JD_Rosendahl
I absolutely love getting great money questions. It might be my favorite thing about blogging about money, investments, trends, and strategies. Recently, I wrote a blog: More people tapping 401(k)s . In that blog, I wrote about unfortunate reasons why people are taking premature distributions from their 401K plans. A reader responded to that blog with a very well thought out and pro-active question:Read full article... Read full article...
Tuesday, August 24, 2010
The Perils of Tapping a 401(k) / Personal_Finance / Pensions & Retirement
By: Nilus_Mattive
Fidelity just released a new report and it’s pretty depressing.
The upshot? A record number of Americans are making hardship withdrawals from their 401(k) retirement plans. Worse yet, the number of U.S. workers borrowing from their plans is also at a 10-year high!
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