Analysis Topic: Personal Finance
The analysis published under this topic are as follows.
Saturday, May 01, 2010
Best Cash ISA Alternative to Santander Flexible ISA / Personal_Finance / ISA's
By: Nadeem_Walayat
Santander market beating Cash ISA that pays 2.7% above the base rate for a fixed 12 months is soon to become a publicity stunt for the ISA league tables as savers will be required to jump through hoops to open an account from May 4th.
Friday, April 30, 2010
Santander Flexible Cash ISA Savings Account Withdrawn in All But Name / Personal_Finance / ISA's
By: Nadeem_Walayat
The market beating cash ISA from Santander that paid 2.7% above the base interest rate (currently 0.5%) has been withdrawn in all but name as savers trying to open an account at their branches will not be able to do so.
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Saturday, April 24, 2010
Santander A&L Flexible Cash ISA Still the Best Tax Free Savings Account on the Market / Personal_Finance / ISA's
By: Nadeem_Walayat
30th April 2010 - NOTE - The Account to all intents and purposes has been withdraw, Do not waste your time visiting the branch to try and open an account as you will NOT be able to do so.
All savers now have the opportunity to to deposit £5,100 into their this years Cash ISA tax free savings accounts as part of the increased annual ISA allowance of £10,200. I have been banging the drum for the Santander / A&L Cash ISA (No Affiliation with Santander) for several months as the best available account by far which at the time was paying a guaranteed rate of UK base interest rate PLUS 3% for 12 months i.e. currently paying 3.5%.
Tuesday, April 20, 2010
Critical Illness Insurance Payouts Continuing to Rise / Personal_Finance / Insurance
By: MoneyFacts
More critical illness claims were paid out than ever before in 2009, as the problem of non-disclosure continued to be eradicated from the protection industry, a new survey from Investment Life & Pensions Moneyfacts has revealed.
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Tuesday, April 20, 2010
UK Inflation Jump Punishes Savers / Personal_Finance / Savings Accounts
By: MoneyFacts
Inflation figures released today show that the Consumer Price Index (CPI) has increased by more than expected to 3.40%.
To stop their savings pot effectively eroding away, a basic rate tax payer needs to find an account paying 4.25%, while a higher rate tax payer needs to find an account paying 5.64%.
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Tuesday, April 20, 2010
The Inflation Mega-trend Implications for UK Borrowers and Savers / Personal_Finance / Savings Accounts
By: Nadeem_Walayat
The following is an excerpt form the Inflation Mega-Trend Ebook Pages 50-51 (FREE Download) The ebook includes in depth analysis of the unfolding inflationary trends and 50 pages of wealth protection strategies.
Sunday, April 18, 2010
Hybrid Car Purchases, Economics and Investment Capital Growth Implications / Personal_Finance / Money Saving
By: Richard_Shaw
For the young person just starting out on a periodic savings and investment program with many years of compounding ahead, several thousand additional dollars put into their savings over the holding period of each car they own creates a significant capital value over a lifetime. The conventional versus hybrid car purchase choice can provide that extra investment capital.
Friday, April 16, 2010
Protect Your Wealth From the IRS, The Tax Window of Opportunity / Personal_Finance / Taxes
By: Casey_Research
Vedran Vuk, Casey Research writes: The biggest danger to your wealth isn’t a bubble in China or Europe – it’s the IRS. Since 1987, top earners have been taxed between 28 percent and 39.6 percent, a relatively low range compared to the 50-percent-and-above rates for most of the century. However, with enormous annual deficits and Social Security lurking around the corner like a mugger, the future promises a return to old tax norms.
Friday, April 16, 2010
Protecting Your Wealth from Your Government / Personal_Finance / US Politics
By: DailyWealth
At DailyWealth, our major focus is on helping you grow your wealth as quickly and safely as possible...
For ideas on how to protect your wealth once you have it, I don't know anyone better than asset-protection attorney Joel Nagel.
Tuesday, April 13, 2010
Three Cheers for Tax Shelters! / Personal_Finance / Taxes
By: Nilus_Mattive
Okay, before you get the wrong idea … today’s article is not going to talk about hiding money in foreign countries or any other strategy that is either suspicious or outright illegal.
Cheating on your taxes is hardly something I would advocate, let alone celebrate.
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Tuesday, April 13, 2010
It’s Impossible to “Get By” In the U.S. / Personal_Finance / Recession 2008 - 2010
By: Graham_Summers
While the market cheers on the fantastic job “growth” of March 2010, the more astute of us are concerned with a growing tide of personal bankruptcies. March 2010 saw 158,000 bankruptcy filings. David Rosenberg of Gluskin-Sheff notes that this is an astounding 6,900 filings per day.
Saturday, March 27, 2010
Best Cash ISA Savings Account as April 5th 2010 Tax Year Deadline Looms / Personal_Finance / ISA's
By: Nadeem_Walayat
Firstly, some great news in Labour's last Budget for ISA savers and investors, in that the ISA allowances will now rise in line with inflation which starts with the new total allowance of £10,200 from 6th of April 2010 for all ISA savers that basically makes up for not having indexed the original allowance of £7,200 for the past 10 years. For cash ISA savers this means £5,100 will rise annually inline with the RPI inflation index from April 2011 which will make significant difference over the long run i.e. at an average inflation rate of 3% the total annual ISA of £10,200 in 10 years time will stand at £13,708, with a total additional allowance of £18,440 (£9,220 cash) so a significant difference and an even greater potential for cash ISA's to be used as a relatively risk free pensions savings vehicle without all of the tricks, fees, charges and risks built into the existing stake-holder and personal pension plans that ensure pension investors don't get anything like the returns they are promised.
Tuesday, March 23, 2010
The Beginning of the End of Free Banking / Personal_Finance / UK Banking
By: MoneyFacts
Speculation is rife that in tomorrow’s Budget, the Chancellor, Alistair Darling will announce that all UK citizens must be offered a basic bank account from UK banks if they want one.
Currently, basic bank accounts are available to the majority of customers, with only a few being declined in exceptional circumstances, including having a previous bankruptcy judgement against them.
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Tuesday, March 23, 2010
Inflation Continues To Erode the Value of Savers Money / Personal_Finance / Savings Accounts
By: MoneyFacts
Inflation figures released today show that the Consumer Price Index (CPI) has fallen to 3%, a level still well above the Government’s target of 2%.
To stop their savings pot effectively eroding away, a basic rate tax payer needs to find an account paying 3.75%, while a higher rate tax payer needs to find an account paying 4.98%.
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Thursday, March 18, 2010
Credit Risk Hits the 0% Balance Transfer Market / Personal_Finance / Credit Cards & Scoring
By: MoneyFacts
Virgin Money’s decision to reduce its 0% balance transfer period from 16 to 14 months has highlighted another tactic by credit card providers who, over the course of the credit crunch, have adopted a risk based approach to lending.
The number of cards offering balance transfers has fallen by 10% since the credit crunch began in 2007. As of today, 152 out of 219 cards offer balance transfers deals, 140 of them at 0%.
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Tuesday, March 16, 2010
UK Petrol Prices to Hit Record High As Stealth Inflation Rages / Personal_Finance / Inflation
By: Nadeem_Walayat
UK Petrol prices are set to hit new record highs over the coming weeks despite Crude Oil at near half its mid 2008 peak of $150, Why ?
Tuesday, March 16, 2010
Conquer the Crash, What To Do With Your Pension Plan / Personal_Finance / Pensions & Retirement
By: EWI
Enjoy your 8 free chapters from Prechter's Conquer the Crash -- the book that foresaw what others have missed.
By Editorial Staff
There is no question that Robert Prechter’s Conquer the Crash foresaw and explained nearly every chapter of today's financial crisis, years before it happened. Enjoy your 8 free chapters from the book with this free Club EWI report; here's a quick excerpt from chapter 23, "What To Do With Your Pension Plan." Note especially the last two paragraphs.
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Tuesday, March 16, 2010
More Pensions and Retirement Disasters / Personal_Finance / Pensions & Retirement
By: Nilus_Mattive
I can’t believe the number of frightening retirement stories I’ve seen in just the last week. They suggest that the vast majority of our country’s citizens are completely unprepared for life after work. They point to a governmental backup system that is getting ever more desperate. And they suggest that other traditional sources of retirement income — such as corporate pensions — are in grave danger of imploding.
Tuesday, March 09, 2010
UK Savings Interest Rates Tumble to Fund Mortgage Cuts / Personal_Finance / UK Interest Rates
By: MoneyFacts
In order to maintain their balance sheets, providers can either offer competitive mortgage or saving deals, not both.
Since November 2009, mortgage rates have been reducing, but in order to fund these cuts, savings rates have fallen too (see appendix).
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Tuesday, March 09, 2010
Tax Free Cash ISA Deadline, Best Savings Account Pays 3.5% Interest Rate / Personal_Finance / ISA's
By: Nadeem_Walayat
Just four weeks remain for savers to fully utilise at least the £3,600 cash element of their annual £7,200 ISA allowance. Even if you have already utilised this years allowance, savers need to ensure that they check the interest rates being paid on a regular basis, especially for those accounts that have matured as the banks and building societies are notorious for cutting rates on existing accounts and dumping matured accounts into pittance paying cash ISA accounts, paying as little as 0.1%. i.e. 1/30th the rate of a top current instant access account which on an ISA account balance of £3,600 means the difference between receiving £3.60 or £108 in interest per annum.