Ipswich Financial Adviser » Uncategorized http://www.thompsonfc.com/blog Helping you plan your financial life Fri, 09 Apr 2010 11:11:58 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Use it or lose it! http://www.thompsonfc.com/blog/2010/03/08/use-it-or-lose-it/ http://www.thompsonfc.com/blog/2010/03/08/use-it-or-lose-it/#comments Mon, 08 Mar 2010 09:36:35 +0000 admin http://www.thompsonfc.com/blog/?p=249 With the end of the tax year (05/04/2010) fast approaching ,everybody should review their use of Individual Savings Accounts (ISA’s).

These are tax efficient wrappers for your money, so that there is no capital gains tax or income tax on the proceeds that are generated from investing in an ISA.

If you are under the age of 50 you can invest up to £7,200 in any one tax year . The over 50’s, get a more generous allowance, they can invest up to £10,200. The good news is that the higher limit will apply to all savers from the 6th April 2010.

You can open one cash ISA and one stocks and shares ISA each tax year. Up to £3,600 can be invested in a cash ISA for the under 50’s and £5,100 for the over 50’s. The remainder of your allowance can be invested in a stocks and shares ISA. Alternatively, you can just open a single stocks and shares ISA and invest the full amount in that.

You do not have to invest up to the maximum limits, you can pay into an ISA any amount up to the limits available. This could be by a lump sum payment or by savings regularly.

To make the most of your ISA allowance, speak to the experts at Thompson Financial Consulting, we will be happy to advise and help you make the right financial decisions.

The value of investments and the income from them can go down as well as up and an investor may not get back the amount invested. Past performance is not a guide to future performance.

]]> http://www.thompsonfc.com/blog/2010/03/08/use-it-or-lose-it/feed/ 0 Top reason for taking Equity Release. http://www.thompsonfc.com/blog/2009/11/24/top-reason-for-taking-equity-release/ http://www.thompsonfc.com/blog/2009/11/24/top-reason-for-taking-equity-release/#comments Tue, 24 Nov 2009 12:53:48 +0000 admin http://www.thompsonfc.com/blog/?p=166 Equity release allows people over the age of 55 to be able to withdrawal equity from their home without having to pay ongoing repayments. The monthly interest charged is rolled up over time. This is not a financial product that everybody would want but can be very beneficial for many people.

The top reasons Equity Release is taken are as follows

  • Home Improvements
  • Improving lifestyle
  • Financial Security
  • Paying off a mortgage
  • Buying a car

These are just some of the reasons you may have. Equity Release has come along way since the product was first launched many years ago. There are many providers with many different types of product. This means you are able to find the most suitable Equity Release product for your circumstances.

Always ensure you get good impartial, independent financial advice, as taking out an Equity Release product is a very important financial decision.

Please feel free to contact Thompson Financial Consulting and we will be happy to guide you through your options and explain the benefits and downsides of Equity Release.

Equity Release refers to Home Reversion plans and Life Time Mortgages – To understand the features and risks ask for a personalized illustration.

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