Partners in care

Article Abstract:

The UK government has recently issued a Green Paper which sets down a new approach to long-term care for the elderly. This would introduce, possibly as early as the financial year beginning in 1997, a system under which elderly people who require long-term care would not have to sell their homes to fund this care as long as they have taken out some degree of insurance to cover the initial costs. According to Help the Aged, this system would not help older people who are not entitled to automatic state support but who are unable to pay insurance premiums.

Aged, Elderly, Long term care

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Gains may not be much in practice

Article Abstract:

Most ordinary people may not really gain very much in practice from the cut in tax on bank and building society interest to 20% contained in the UK government's 1995 Budget. It is likely that interest rates will be cut, balancing out any benefits from the reduction in tax on interest, and the measure only really applies to basic rate taxpayers in any case. According to the government, 14 million savers will gain an extra 5 pounds sterling in every 100 pounds sterling of gross interest.

Taxation, Savings

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When it pays to switch

Article Abstract:

The volume of mortgage business in the UK remains static, and this is encouraging mortgage lenders to offer increasingly attractive products in order to entire borrowers away from other lenders. Some, such as Colonial Mutual, are offering mortgages by telephone, while others have fixed-rate mortgages with attractive interest rates. Borrowers are very keen to find the best bargain as it starts to seem more likely that there will be further rises in mortgage rates.

Product information, Mortgage banks

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