The budget - not quite live

coastline

Nick_C wrote: »

I like the increased ISA flexibility. I just hope that stockbrokers make it as easy as possible to move cash between cash accounts and investments, ideally by starting to pay a decent rate of interest on cash balances in S&S ISAs.

The increased flexibility on SIPPs also sounds good. I must confess, I don't fully understand SIPPs, but I do believe that people should take more control of their own pension funds.

I have slight reservations about giving public funding to the RNLI. Its my favourite charity, and I've always felt that it works well because it relies on charitable donations!

more on those pension changes here...

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/293743/budget_2014_greater_choice_in_pensions_explained.pdf

coastline

harz99 wrote: »

Will only be of real value if is both tax free and able to provide a monthly income. I won't hold my breath.

hints at rates of 2.8% to 4%.

http://www.bbc.co.uk/news/business-26647831

coastline

ISA changes..

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/293756/8079____New_ISA_Junior_ISA_Child_Trust_Fund__Budget_14_Final_v1.0.pdf

grizzly1911

coastline wrote: »

hints at rates of 2.8% to 4%.

http://www.bbc.co.uk/news/business-26647831

If they are willing to offer rates at this level/term what will it do to the funding model for lenders?

How will they compete unless it is paving the way for rises in borrowing rates?

mystic_trev

Blimey! So next month I can draw down an additional 25% income from my SIPP. I didn't see that one coming! :beer:

Graham_Devon

Overall, seems like this budget has been quite a large giveaway considering the state of the books?

harz99

Graham_Devon wrote: »

Overall, seems like this budget has been quite a large giveaway considering the state of the books?

Quite clearly aimed at pensioners and soon to be pensioners votes for the 2015 election.


The LibDems must be seething that GO claims the credit for much of what is their policy not the Conservatives.

Graham_Devon

Is that why bingo tax has been cut then!? Due to the pensioner vote? I just see no real reason to do this at a time we need money. Seems absurd to cut stuff which people will quite happily pay for leisure purposes?

chucknorris

Nick_C wrote: »

I like the increased ISA flexibility. I just hope that stockbrokers make it as easy as possible to move cash between cash accounts and investments, ideally by starting to pay a decent rate of interest on cash balances in S&S ISAs.

I like the flexibility too, as it means that when I consider the ftse is high enough (i.e. at a level of profit I am satisfied with) I can switch my SS ISA into a cash ISA.

coastline

grizzly1911 wrote: »

If they are willing to offer rates at this level/term what will it do to the funding model for lenders?

How will they compete unless it is paving the way for rises in borrowing rates?

January 2015...fixed rate bonds....I'm guessing they expect the general market to be offering similar products by then which is around 1% more than some atm..

https://www.gov.uk/government/news/budget-2014-support-for-savers-announced