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Junior Isas set for £3,000 annual limit

Today’s Finance Bill will see the Government set the maximum investment limit for junior Isas at £3,000, according to reports.

Junior Isas are set to launch on November 1, 2011, and are designed to replace Child Trust Funds.

Investments in CTFs were limited to £1,200, but this will now be aligned with the £3,000 Isa limit. Junior Isas will have no government contributions into each child’s saving pots.

Junior Isas will have the money invested in them “locked in” until a child is 18, by which point it will become an adult Isa.

The Treasury says that around six million children will be eligible for Junior Isas at launch. Consultation on the draft regulations is set to continue until May.


Royal London posts £228m profit

Royal London has reported EEV profits after tax of £228m for the year to December 31 2010 , down 43 per cent from a profit of £404m in 2009. On an IFRS basis, the group posted a profit after tax of £189m, a drop of 53 per cent compared to the £410m profit reported for […]


The pension sector needs certainty and Nest will only stir up trouble

Never before has such an obvious own goal been played out in slow motion by our industry as with the National Employment Savings Trust – and just consider the context of that statement for a moment with such gems as Equitable Life, the pensions review, endowments, pension complification and split caps. The list goes on. […]

Brokers doubt Metro Bank can deliver on buy to let

Mortgage brokers believe Metro Bank will not be able to compete with established names in the buy-to-let market due to its direct-only distribution strategy and small number of branches. Last week, the bank, which was set up in July last year, revealed it is looking to move into the BTL sector in the third quarter […]

Forecasters warn of threat from deflation

Economists are forecasting that inflation will be pushed down sharply next year and have warned of the possibility of deflation, despite inflation being at its highest level for three years. The consumer price index rose from 4 per cent to 4.4 per cent in February. Bank of England monetary policy committee member Andrew Sentance warned […]

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.


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  1. I do wonder who these tax reforms are really aimed at..most of the population are not setting aside £300 a month for their pension, let alone their children. Child benefit removal and general reduction in the basic rate band, one cannot really argue that these “reforms” benefit the majority of the population. NEST is even capped at £300 a month… so it seems to me to be largely aimed at a small concession to the affluent.

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