MoneyMagpie

5 Reasons Why Most Savers Should Consider a Stocks and Shares ISA

Reading Time: 2 mins Saving money is considered to be a good way to prepare for your future but how can you get the best return on your investment? Knowing which savings opportunity yields the highest return can be beneficial, but understanding the risk level is critical too. Currently, an increasingly popular ways to save money is with a … read more

Stocks and shares ISAs: how to pick the best

Reading Time: 7 mins As we always say, don’t be scared of stocks and shares ISAs! With a little knowledge and a willingness to take (even small) risks, an equities ISA can easily out-perform your cash ISA over the long-term. We’ve banged on about this in detail in this article – but the short version of it is this: … read more

Why women should invest in stocks and shares ISAs

Reading Time: 5 mins Investing isn’t just for men-folk! Women should invest too! Ladies are losing out on good money just by failing to put money into stocks and shares ISAs each year. The latest research shows that, on average, 21% of men have a stocks and shares ISA compared to only 13% of women. Perhaps more significant is … read more

New ISAs could help you become a millionaire

Reading Time: 4 mins Yes, it sounds like a pipe dream… but according to the experts, savvy investment in your ISA really could see you become an ISA millionaire by the time you hit retirement age. It might not feel like it at the moment, with the threat of negative interest rates looming – but we’re looking at the … read more

Should You Invest in Penny Shares?

Reading Time: 4 mins If you’re looking to invest in shares, you might not know where to start. How much should you invest, if you’re a beginner in this area? What platforms should you use to manage your investments? If you’re wondering about these questions, this might be a good time to introduce yourself to “penny shares” – essentially, … read more

SIPP vs ISAs: Which to Choose?

Reading Time: 4 mins Preparing for your retirement funds may feel odd if it’s a long way off – or worrying, if you’re close to retiring. Arming yourself with info about investment options helps take away the worry. One consideration is whether you should invest in a SIPP vs ISA. What are they, what’s the difference, and which is … read more

Pension vs ISA: Which Is Better?

Reading Time: 6 mins Most people aim to enjoy their retirement after decades of hard work preparing for it. Unfortunately though, the current state pension only provides a yearly income of £9,110.40. Making it essential to have additional retirement plans in place to continue to live a similar quality of life into your retirement. You can check your state … read more

ISA Tax Complications as an Expat in the UK

Reading Time: 4 mins Expats are allowed to open ISAs in the UK; however, the tax complications and additional reporting requirements make the process inconvenient and tax disadvantageous in most cases.   ISA for UK Citizens ISA or Individual Savings Account is a tax-efficient savings account in the UK. It was introduced by the UK government to help people … read more

What is a LISA and should I get one?

Reading Time: 6 mins A Lifetime ISA (LISA) can help you buy your first home or save for retirement. A whopping 25% Government bonus gets paid on your savings – who can say no to free money?! Here, we break down the LISA rules and whether you should consider opening one. ISA basics What is a Lifetime ISA? Who … read more

Coronavirus and the stock market: what should you do with your investments?

Reading Time: 5 mins Coronavirus and the stock market is all the news seems to talk about right now. It’s easy to start getting worried – but wait! “Should I sell my shares and ditch my pension?” is the question we’re hearing from readers all over social media. My answer is the same as Warren Buffett‘s: “Be fearful when others … read more

Make over £133,000 for your child with a Junior ISA

Reading Time: 5 mins The Junior ISA is a great way to make your child rich. Find out the rules here and how you can use them to build up a great pot of cash for your little one.

Stakeholder pensions – simple, cheap and worth having

Reading Time: 5 mins Stakeholder pensions are cheap, easy, and upfront about what they invest in. Anyone can have one, and you can make regular contributions or just put in what you can afford each month. For anyone who has ever worried that pensions are too complicated – they were designed to be your solution.   What is a … read more

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