Archive for April, 2013

Junior ISAs Explained

Apr 24th
2013

A Junior ISA (JISA) is this government’s children’s savings scheme and replaces the previous Child Trust Fund (CTF) initiative that was introduced in 2005. Last month’s budget announcement brought welcomed news to the 6 million savers with the now obsolete CTF accounts – the government will consult on the future of CTFs and the possibility Continue reading…

Child Trust Fund’s Interest Rates Fall

Apr 23rd
2013

Earlier this year, Hanley Economic Building Society slashed their Child Trust Fund (CTF) interest rates to half what they were – from 5% to 2.5%. Having previously been the top player when it comes to CTF interest rates, this has dealt a significant blow to their CTF customers, many of whom are limited with where Continue reading…

Future-proof the bank of mum and dad

Apr 15th
2013

With talk of a double dip recession still fresh in the news and the realities of an economic slump affecting the majority of the UK, more young people than ever are staying at home with parents to try and save a deposit for their first home. As house prices continue to rise, many have to Continue reading…

Safeguard the rising cost of higher education

Apr 10th
2013

Recent studies have revealed that university students who started their degree in Autumn 2012 will graduate with an average debt of £53,330 (LV.com). This staggering figure will no doubt cast a shadow over higher education plans for future generations, and their parents, many of whom may be called upon to support and help fund the Continue reading…