One of the most important things to know when you set out to compare Junior ISA accounts for your child is that you are not locked in with one provider just because you opened your account there. One regulation is that your child is only allowed to hold both types of Junior ISAs – a stocks and shares and cash Junior ISA – if they are with the same provider. However, you are still allowed to compare Junior ISA providers and move all of your accounts to a different one rather than remaining loyal to your bank or building society.… Read more at 2009 Tax.
Lately, the UK pensions system has come under scrutiny because of the way that investors’ savings are locked away until they reach retirement. This year, for the first time since Individual Savings Accounts (ISAs) were started, they attracted more investors and more money than pension savings vehicles. Experts believe that this is because they offer a simple way to save that doesn’t ‘lock away’ savings until the age of 65.
However, through a process called pension release, there is a way for pension savers to unlock some of their hard-earned money before they retire. Anyone considering pension release must be … Read more at 2009 Tax.