Regular saving makes sense

Article Abstract:

Monthly savers have several options when choosing accounts. One is the save-as-you-earn (SAYE) account which is best suited to small-amount savers. All SAYE accounts offer equal interest rate regardless of who the provider is. A tax-free bonus tantamount to 14 months' deposit, or an annual return equivalent to 8.3% is earned if an account is continued for the full five years. On the other hand, large-sum savers may find tax exempt special savings accounts (Tessas) as a more appropriate account. A widely favored tax-free savings instrument, Tessas are a five-year investment subject to non-fixed rates. The interest accumulated from Tessas after five years are exempt from any tax liability. Saving can likewise be done through the monthly savings account of banks and building societies, the National Savings Yearly Plan, or friendly societies. Although not risk-free, PEPs, unit trusts and investment trusts may also be used as tools for regular savings.

Evaluation, Personal finance, Savings accounts

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A tradition and its inheritors

Article Abstract:

Family-owned businesses are valuable to the US economy, and guidelines for assuring their successful transfer from generation to generation are presented. These include developing a workable organization structure, continuing to improve staff business and management skills, maintaining an orthodox accounting system and making pertinent financial data available to appropriate staff, and carefully selecting and grooming successors to run the business.

Family-owned businesses, Family corporations

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