The personal allowance for 2018/19 is £11,850. However, some individuals do not benefit from the full personal allowance. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000, which is £1 for every £2 of income above £100,000. So for 2018/19 there is no personal allowance where adjusted net […]
Lifetime ISAs became available as from 6 April 2017, though there are as yet few providers.
Many parents and grandparents value the standard of education offered by independent schools and will pay for that privilege. Even if children do not go to an independent school, they may well go to university. Planning for these costs can help avoid the burden of a sizeable student loan.
As from April 2017, a new variant of the ISA will become available to investors under the age of 40, namely the Lifetime ISA, or ‘LISA’.
What was announced in the Budget? The Lifetime ISA (LISA) Introduced from 6th April 2017 to help people, aged between 18 and 39 (at 6/04/17), to save flexibly for the long term and ensure they do not have to choose between saving for retirement and saving for their first home. What does this mean? The […]