March 16, 2013 | Mum In The Madhouse

March 16, 2013

Should you prepare for isa season?

As a parent we all want to try and save for out children’s futures and even in today’s climate it is worth trying to save for a rainy day. MadDad works in the financial industry so he is my go too guy when it comes to asking about money etc, but I would always suggest that you find an Independent Financial Adviser to help you out with financial planning.

So firstly what is isa season?

In very basic terms it is a six week period in the lead up to when you have to subscribe to your Is, the 5 April 2012 (if you don’t use it, you lose it).
This often means that you can be bombarded with information telling you to open a cash isa on the lead up to this date and if can be very confusing.

So what is an isa?

A Cash isa is a savings accounts where the interest isn’t taxed.

A stocks and share isa is a managed collective investment again where the interest isnt taxed.

Should I prepare for isa season?

I decided to ask MadDad this and he said he would advise anyone to make an appointment with a Independent Financial adviser to discuss this. My first response was that IFA’s are for people with money, to which he told me this isn’t at all true. Many IFA’s get their payment from any investment you make through them or charge a nominal fee and they are perfect for people who are going through major life changes such as parents. They can often take an overview of a situation and help you put your new priorities in perspective.

People often think that isa’s are only for people with money and that they are not something that they can utilise to manage their finances, but again it is often about working smarter not harder and in today’s climate we need to know the best way of making our money work for us.

But don’t take my word for it, go and see a professional!

Should you prepare for isa season? Read More »

Eight

Eight things I love about you!

You adore being tickled and trying to pretend that you are not ticklish. You challenge me to make you laugh.
Oh and what a laugh. it is infectious, it fills my heart with such joy.
You are fearless. You are a mini thrill seeker, adrenalin junkie and embrace new things.
You are an early riser, but as soon as your head hits the pillow you are off in the land of nod.
You are a team player. You love football and being part of a team.
You do not mind being different. You embrace your curly hair, wear checked trousers and love being you.
You are kind and considerate. You help other people when you can.
You love with a passion.
How can you be eight already? We never really believed that we would have you. You were a challenge form the moment you came in to being and kept us on our toes. You are a joy, my eldest child, an integral part of our family and I love you more each passing day.

Eight Read More »