Tuesday 26 February 2013

Use your Cash ISA allowance

Cash savings will almost always do better in a Cash ISA. Generally the interest rates are better and, of course, you get the interest free of tax. Since you can arrange to have immediate access to the cash in an ISA, it makes virtually no sense not to have as much of your cash savings as possible in Cash ISAs. In this Tax Year (2012/13) each individual can put up to £5,640 into a Cash ISA. If you do not use this year’s ISA allowance, you lose it. It cannot be carried forward.

Wednesday 13 February 2013

Workplace Pensions

If you are an employer, or even a one-man limited company, you will need to find out when you have to implement the Compulsory Enrolment Workplace Pension, then give yourself 12 months to prepare for it. If you leave it until the last minute, it may be difficult to find someone available to assist you, as there are likely to be thousands or even tens of thousands of businesses looking for help and advice at the same time. This is not a matter to ignore, as there are significant penalties if you do not meet the timetable of requirements. Contact us on 01342 313302 or email us at info@sovereignfinance.org