Best of the Week
Most Popular
1. US Housing Market Real Estate Crash The Next Shoe To Drop – Part II - Chris_Vermeulen
2.The Coronavirus Greatest Economic Depression in History? - Nadeem_Walayat
3.US Real Estate Housing Market Crash Is The Next Shoe To Drop - Chris_Vermeulen
4.Coronavirus Stock Market Trend Implications and AI Mega-trend Stocks Buying Levels - Nadeem_Walayat
5. Are Coronavirus Death Statistics Exaggerated? Worse than Seasonal Flu or Not?- Nadeem_Walayat
6.Coronavirus Stock Market Trend Implications, Global Recession and AI Stocks Buying Levels - Nadeem_Walayat
7.US Fourth Turning Accelerating Towards Debt Climax - James_Quinn
8.Dow Stock Market Trend Analysis and Forecast - Nadeem_Walayat
9.Britain's FAKE Coronavirus Death Statistics Exposed - Nadeem_Walayat
10.Commodity Markets Crash Catastrophe Charts - Rambus_Chartology
Last 7 days
UK Corona Catastrophe Trend Analysis - 2nd Jun 20
US Real Estate Stats Show Big Wave Of Refinancing Is Coming - 2nd Jun 20
Let’s Make Sure This Crisis Doesn’t Go to Waste - 2nd Jun 20
Silver and Gold: Balancing More Than 100 Years Of Debt Abuse - 2nd Jun 20
The importance of effective website design in a business marketing strategy - 2nd Jun 20
AI Mega-trend Tech Stocks Buying Levels Q2 2020 - 1st Jun 20
M2 Velocity Collapses – Could A Bottom In Capital Velocity Be Setting Up? - 1st Jun 20
The Inflation–Deflation Conundrum - 1st Jun 20
AMD 3900XT, 3800XT, 3600XT Refresh Means Zen 3 4000 AMD CPU's Delayed for 5nm Until 2021? - 1st Jun 20
Why Multi-Asset Brokers Like TRADE.com are the Future of Trading - 1st Jun 20
Will Fed‘s Cap On Interest Rates Trigger Gold’s Rally? - 30th May
Is Stock Market Setting Up for a Blow-Off Top? - 29th May 20
Strong Signs In The Mobile Gaming Market - 29th May 20
Last Clap for NHS and Carers, Sheffield UK - 29th May 20
The AI Mega-trend Stocks Investing - When to Sell? - 28th May 20
Trump vs. Biden: What’s at Stake for Precious Metals Investors? - 28th May 20
Stocks: What to Make of the Day-Trading Frenzy - 28th May 20
Why You’ll Never Get Another Stimulus Check - 28th May 20
Implications for Gold – 2007-9 Great Recession vs. 2020 Coronavirus Crisis - 28th May 20
Ray Dalio Suggests USA Is Entering A Period Of Economic Decline And New World Order - 28th May 20
Europe’s Coronavirus Pandemic Dilemma - 28th May 20
I Can't Pay My Payday Loans What Will Happen - 28th May 20
Predictive Modeling Suggests US Stock Markets 12% Over Valued - 27th May 20
Why Stocks Bear Market Rallies Are So Tricky - 27th May 20
Precious Metals Hit Resistance - 27th May 20
Crude Oil Cuts Get Another Saudi Boost as Oil Demand Begins to Show Signs of Life - 27th May 20
Where the Markets are heading after COVID-19? - 27th May 20
Silver Springboards Higher – What’s Next? - 26th May 20
Stock Market Key Resistance Breakout Is Where the Rubber Meets the Road - 26th May 20
5 Ways To Amp Up Your CFD Trading Today - 26th May 20
The Anatomy of a Gold Stock Bull Market - 26th May 20
Stock Market Critical Price Level Could Soon Prompt A Big Move - 25th May 20
Will Powell Decouple Gold from the Stock Market? - 25th May 20
How Muslims Celebrated EID in Lockdown Britain 2020 - UK - 25th May 20
Stock Market Topping Behavior - 24th May 20
Fed Action Accelerates Boom-Bust Cycle; Not A Virus Crisis - 23rd May 20
Gold Silver Miners and Stocks (after a quick drop) Ready to Explode - 23rd May 20
3 Ways to Prepare Financially for Retirement - 23rd May 20
4 Essential Car Trade-In Tips To Get The Best Value - 23rd May 20
Budgie Heaven at Bird Land - 23rd May 20

Market Oracle FREE Newsletter

Coronavirus-stocks-bear-market-2020-analysis

MONEYFACTS on Budget 2015 - Help to Buy ISA, £1000 Savings Allowance, Pensions Freedom...

Personal_Finance / UK Tax & Budget Mar 18, 2015 - 08:31 PM GMT

By: MoneyFacts

Personal_Finance

Sylvia Waycot, Editor at Moneyfacts.co.uk, comments:

“This is a great budget for savers. After years of being left out of the cold they can finally enjoy the warmth of being under the Chancellor’s new roof.”


Help-to-buy ISA

Sylvia Waycot, Editor at Moneyfacts.co.uk, comments:

“Many young people have almost given up on the hope of owning their own home because the deposits are so high. This will be excellent news for this demographic, who will once again have the opportunity of getting on the housing ladder.”

Flexible ISA

Sylvia Waycot, Editor at Moneyfacts.co.uk, comments:

“The ability to withdraw money from an ISA and repay it back at a later date lays to rest one of the key frustrations of ISA saving.”

Personal Savings Allowance - £1,000 tax free

Sylvia Waycot, Editor at Moneyfacts.co.uk, comments:

“We finally have one rule that gives all savers equal opportunities and addresses the unfairness of having to pay tax on money that has already had a share taken by the taxman.”

Lifetime Allowance reduced to £1 million

Richard Eagling, Head of Pensions at Moneyfacts.co.uk, comments:

“Yet again the temptation to tinker with pensions has been too difficult for the Government to resist. The Lifetime Allowance has now been cut from £1.8 million in 2011/12 to £1 million. Although it is estimated that fewer than 4% of pension savers currently approaching retirement will be affected, constantly moving the pension goalposts does little to aid long-term retirement planning and undermines attempts to restore confidence in pensions. Given the radical shake-up to the pensions landscape set to be introduced from April with the onset of greater pension freedoms, it would have been wise to resist any further tinkering. The announcement that the Lifetime Allowance will be indexed in the future to protect against inflation is at least some consolation, although this will not come into effect until 2018.”

Extension of pension freedoms for annuitants

Richard Eagling, Head of Pensions at Moneyfacts.co.uk, comments:

“It seems that the Government is serious in its desire to explore the possibility of introducing annuity recycling, a change that could come into effect as early as next year if its consultation goes well. However, it is still very early days for the concept and there are numerous questions that need to be answered satisfactorily; in particular, how will existing annuities be valued fairly when they are sold? There is a real nervousness that introducing a second-hand annuity market could see those already receiving low annuity rates hit a second time and forfeit even more of their retirement income when they sell their existing plan. Early estimates have suggested that those selling an annuity may only get back a maximum of around 70% of the value of their annuity, in which case it is unlikely to be an appealing option for many individuals. While the desire to extend pension freedoms to current annuitants is commendable, the practicalities make this a potential minefield and the Government will need to tread carefully to ensure that retirees receive as much value from their existing annuities as possible.”

www.moneyfacts.co.uk - The Money Search Engine

Moneyfacts.co.uk is the UK's leading independent provider of personal finance information. For the last 20 years, Moneyfacts' information has been the key driver behind many personal finance decisions, from the Treasury to the high street.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules