Costs of fixing mortgages

Article Abstract:

With the possibility of increasing interest rates after the UK election people have been looking at transferring their variable rate mortgages to fixed-rate. There was a panic over a rumour that the two largest building societies, Halifax and Abbey National, were pulling out of fixed-rate mortgages but both have denied this. Andrew James of financial advisers Hill Martin said that he always drew the attention of his clients to the gamble element of fixed rates, and he never recommended them very strongly.

Economic aspects, Interest rates, Mortgages

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Life insurers set to cut bonuses

Article Abstract:

Life insurance companies are likely to start reducing their bonuses on with-profits policies in 1995 as a result of poor stock market returns in 1994 and the replacement of strong performance years in the 1970s and 1980s by 1995 in the rolling calculations. General Accident Life, for example, has already cut the total payout on a 10-year with-profits endowment by just over 6%, and similar moves are expected by Commercial Union and Tunbridge Wells Equitable.

Insurance industry, Life insurance industry

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Forget the horses, give to charity: tax tips for royalty

Article Abstract:

The Queen and the Prince of Wales have offered to pay income tax, Prince Philip has always paid. They can reduce their tax bill by adopting certain practices. Personal pensions contributions, covenanted charity donations and Gift Aid payments are tax efficient for higher-rate tax payers. Gifts of up to 250 pounds sterling a year to individuals are tax free. Routine share portfolio management uses up Capital Gains Tax allowance.

United Kingdom, Finance, Income tax, Tax policy, Capital gains tax, Tax abatement, Elizabeth II, Queen of the United Kingdom

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