Maturing Child Trust Funds will retain tax-free status

Matthew Barrand Investment, Trusts

From April 2020, maturing Child Trust Fund (CTF) accounts will retain tax-free status. Although the rules apply from 6 April 2020, the first Child Trust Fund (CTF) accounts won’t mature until September 2020. In summary, the CTF provider will be able, upon instruction from the account holder, to transfer the investments at maturity to a tax-advantaged ‘matured account.’ The ‘matured …

Holiday Home

Ever thought about buying a holiday home

Matthew Barrand Investment

Many of us when on holiday have a look in the estate agents window and dream that one day we might be able to live there for one long holiday. For those up with technology maybe you just check rightmove on your phone! Sometimes it makes you think how much you are paying for a holiday compared to a monthly …

Rental

Renting is on the up

Matthew Barrand Buy-to-Let, Investment

House prices in UK cities have outpaced earnings growth by 11 per cent, as affordability reaches its lowest level since the global financial crisis. This puts home ownership out of reach for a growing number of people in the UK, meaning more and more households in the UK are now renting. The rental market • The UK’s private rented sector …

Dog tag

Staying out of the dog house

Matthew Barrand Investment

You may have seen articles in the financial press referring to ‘dog’ funds, and wondered what the term  means. If so, don’t be concerned, put simply, a ‘dog’  fund is one that is regarded as an under-performing  fund. Meaningful comparisons All investment funds fall into sectors – for example, UK All Companies, Global Equity Income, Japan, UK  Smaller Companies or …

Dividends

UK Dividends set new high

Matthew Barrand Investment

Whilst 2018 may not have been the best year for share prices, it was a very good year  for dividends. A new report shows that UK  dividends reached a record high of £99.8bn, the highest level since the global financial crisis. This was due to a number of factors,  including soaring company profits, special dividends and a slump in the …

Maturing Child Trust funds to retain tax advantaged status

Maturing Child Trust funds to retain tax advantaged status

Matthew Barrand Investment

Maturing Child Trust Funds will keep their tax-advantaged status on maturity under draft regulations that have been published for  consultation. A Child Trust Fund (CTF) is a tax-advantaged  savings account which provides children born between 1 September 2002 and 2 January 2011 with an asset when they reach adulthood. CTFs begin maturing in  September 2020 when  the first children reach 18. Without …

Seeing the bigger picture

Matthew Barrand Blog, Investment

A long-running survey carried out by thinktank the International Longevity Centre found that those who took financial advice between 2001 and 2007 had significantly higher savings than those who did not. If you’re approaching retirement, having a financial MOT now could help you put in place the plans you need to provide effectively for your financial future.  This article was …

Help to Buy ISA v Lifetime ISA

Shaun Love Investment, Mortgages

Buying your first home is a dream for many young adults up and down the country. However, this has become harder and harder throughout the generations as house prices have risen. To support first time buyers in overcoming these obstacles the government has launched many First-Time Buyer initiatives and schemes. Two of their most recent schemes are their Help to …