In financial jargon, there is no shortage of TLAs (three-letter acronyms) — which, fittingly, is itself a TLA. For example, you have APR (annual percentage rate), CGT (capital gains tax), PPI (the dreaded payment protection insurance), TAR (total amount repayable) and many more. You’ll find more money language in my Jargon Buster and Devil’s Dictionary Of Money.
Tag: Tax
Scotsman: Credit Deadline
Hundreds of thousands of families may lose their right to tax credits if they fail to get their renewal forms to HM Revenue & Customs by the end of today.
Family Finance: Car Insurance – Look Out For Motorbikes
As winter draws near, around 10,000 of the UK’s motorcyclists begin to make plans for storing their bikes away for the cold season.
Motley Fool: Top Cash Child Trust Funds
Anyone who’s had a baby in the last four years will have been entitled to the government’s £250 lump sum (more for families on low incomes) to invest in a Child Trust Fund. Although the money can’t be touched until the child reaches 18 years of age, it’s free from income and capital gains tax.
MoneyExpert: Some Day My Son, All These Mortgage Payments Will Be Yours
Desperate would-be homeowners are being offered a radical new option to get on to the property ladder – the chance to get their future grandchildren to pay off their mortgage.
Family Finance: Top Tax Tips
Life is taxing enough without parting with more of your hard-earned cash than you need to. There are lots of ways in which you can trim down your tax bill.
Motley Fool: Britain’s Best Cash ISAs
The other day I encountered a 17-year old schoolgirl who was fanatical about saving. Her part-time job pays her the rather princely sum of £140 a week and she saved most of it. To say I was gobsmacked is an understatement but then I suppose I don’t know that many teenage girls or what they do with their money, whether it’s an allowance from their parents or earned income.
New “Inherited Mortgage” Launches
The Motley Fool, the BBC and Reuters are covering an interesting story about a new mortgage product that has been launched by Kent Reliance Building Society.
MoneyExpert: Brits Spending More Loans On New And Used Cars
Brits will spend £36.4 billion on purchasing new and used cars this year, or 4.5 per cent of disposable household income, according to new research.
Motley Fool: Can Life Insurance Pay Inheritance Tax Bills?
Earlier this year, the government announced a crackdown on the use of certain trusts set up to mitigate Inheritance Tax (IHT) bills. Over the next few months, following much lobbying from dismayed legal and financial services industries, not to mention the public, there was a considerable amount of back tracking.