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Isa transfers to be simplified
Individual savings accounts (Isas) are a popular choice for parents, grandparents and godparents who are saving for children. However, the transfer process may be confusing and it should be clarified, the British Bankers' Association (BBA) has said.
The BBA, along with the Tax Incentivised Savings Association and the Building Societies Association (BSA) are working towards helping Isa providers change the system to make it more organised for savers.
Speaking about new guidelines set for providers, the BBA's chief executive Angela Knight said the product was "enormously popular" but needed to be more "robust and efficient".
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Aug 26 2008
£242m CTF breaks 'wasted' this yearMany parents and grandparents are not taking full advantage of the tax breaks on offer for Child Trust Funds (CTF), an organisation has said. Aug 22 2008
Addidi: Parents should not neglect themselvesWhile saving for children is important, parents should remember to keep their own financial wellbeing healthy, Addidi Wealth has said. Aug 21 2008
Parents 'worrying' about children's financesResearch from investment provider Skandia has found 40 per cent of parents are worried about their children's financial situation as they get older and expect to help pay off debts well into their kids' adulthood. Aug 20 2008
Saving for children could offset back-to-school costsParents and grandparents who put away savings for children to pay for youngsters' school costs may be shocked to learn that going back to school could cost £1,623. Aug 20 2008
Inflation 'could hit CTF savings'The Share Centre has warned those saving for children that Child Trust Fund (CTF) vouchers may be affected by inflation. |
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