Questions for cash

Article Abstract:

British individual savings accounts (Isas) have replaced tax-exempt special savngs accounts (Tessas) which had clear rules, with limits of 3000 pounds sterling on investments in the initial year and 1,800 thereafter. Tax relief was granted if the funds were not withdrawn for a five-year period. Isas allow for both cash savings, taking over from Tessas, and for equity savngs, taking over from personal equity plans. The cash element of Isas can include deposit accounts, and money market fund units, and National Savings Bank investment accounts. The limit for the cash element of Isas is 3,000 pounds for the initial year and 1,000 pounds thereafter.

---

How to get the best tax-free Isa returns on your cash

Article Abstract:

Individual savings accounts (Isas) have been launched in the United Kingdom, replacing Tessas and personal equity plans from April 1999 as savings schemes with tax advantages. There are different types of Isas, and investors can used cash-based Isas as well as equity-based products. Cash Isas are more attractive to savers than equity-based products, as is shown by the response to offers from National Savings and Halifax. There are two forms of cash Isas, one of which can also be used for stocks, while the other is restricted to cash only.

Portfolio management

---

Windfall wisdom?

Article Abstract:

Recipients of windfall stocks from demutualizations have sometimes been advised to place them in personal equity plans (Peps) due to the tax advantages. This will not benefit non-taxpayers, and basic rate taxpayers may be better off not using a Pep. The charges for a Pep may not be offset by the tax advantages and investors have to assess whether they are likely to have to pay capital gains tax. Peps can benefit higher rate taxpayers.

Similar abstracts:

• Abstracts: Big things for Wiggins. Getting the House in order. Debenhams
• Abstracts: Partnership terminations can provide substantial tax savings opportunities. Prop. regs. try to separate sales from contributions
• Abstracts: Reasons for write-downs. No early adoption of FRS 15. Lease accounting: a new approach?
• Abstracts: Seafield. Truckers head for new routes to dodge jams. Tiger slips its leash
• Abstracts: Europe on the right lines. UK slow to embrace online dealing. From retail to e-tail

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.