Finance Steer » Investing

What Is Individual Savings Account (ISA) ?

admin — Tue, 02 Feb 2010 23:46:04 +0000

ISA stands for ‘Individual Savings Account’, and is a good way of saving money as it allows you to invest up to £7,200 per annum, without having to pay any tax on the interest that is earned. This maximum limit is changing on 9 October 2009, and after this date anyone born on or before 5 April 1960 will be able to pay up to £10,200 into their ISA accounts per year.

ISA’s were introduced by the government back in 1999 to help encourage people to save and invest their money, and under the current rules if you were to save the maximum allowance (£7,200) every year for 40 years, then you could end up with a cash fund of over £288,000 (excluding any capital gains), which is securely protected from the tax man and ready for when you retire.

There are many different types of ISA available, and with some providers you will be able to pay money in whenever you want until you reach the maximum amount, but with others you may have to meet minimum investment limits before you can pay any money into your ISA.

Multiple ISAs
You can invest in up to two ISA’s in the same tax year as long as it is split between one cash ISA and one Stocks and Shares ISA:
* Cash ISA – this type of ISA is ideal for short term saving as it is basically a tax free savings account which allows you easy access to your money. There are a variety of different cash ISA’s available offering a range of different interest rates including fixed and variable rates, and it is worth shopping around to make sure you get the highest interest ISA you can.
* Stocks and Shares ISA – this type of ISA is good for those people who want to invest money and can afford to leave it to mature without touching it for at least 5 years. The cash you put into the account will be invested in stocks and shares, and any profits made from these investments will be protected from capital gains tax.

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IPIC Financed Additional $1.41 Billion into Aabar Investment PJSC

admin — Sun, 17 May 2009 07:48:15 +0000

UAE-based the International Petroleum Investment Company (IPIC) told the media on Friday that the company is going to announce several investment opportunities. Now it is revising its investment plans.

IPIC was established in the year 1984 and it is completely owned by the Government of the Emirate of Abu Dhabi. However, it is operated by an independent Board of Directors. H.H. Sheikh Mansour Bin Zayed Al Nahyan has charged on Chairman of IPIC since 1994. Al Nahyan is personally directing the company’s progress towards the realization that to develop and boost Abu Dhabi’s presence in worldwide.

After a general meeting of the Board of Directors headed by Shaikh Mansour Bin Zayed Al Nahyan, Chairman of IPIC, Deputy Prime Minister (DPM) and Minister of Presidential Affairs (MPA); the company said that the meeting discussed IPIC ’s performance through the first quarter of 2009 and reviewed several reports on different projects.

Additionally, they discussed on some investment opportunities and the opportunities will soon be announced. The company recently invested an additional $1.41 billion (nearly Dh5.17b) in the Aabar Investment PJSC. The pumped was to give the country a bulk control in the investment firm set over Daimler AG’s major shareholder.

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eToro – For New Forex Trader

admin — Tue, 02 Dec 2008 14:24:07 +0000

Forex trading play a vital role in our financial system though most of us do not know ins and outs of this business and those who know about it and try to settle in this trade, in many cases, they fail because of proper knowledge of this trade. Nowadays in world finance market especially almost all internet-based marketers have got Forex trading or online currency trading. And this trading makes curiosity to us that how do the Forex trading system work? How can we learn about this business? How can this trading contribute in a financial system of a country? How much money need to finance to start this trading?

If you want to become a successful Forex trader and want to start this trade you have to know what Forex trading is and how can trade Forex successfully and for this it is very important to achieve sufficient knowledge as well as learn Forex trading from experts. But most of the time we are unable to get a perfect expert for us. But to remove this limitation you can take help from eToro.

eToro, newly introduced, is such a trading platform that is easy to use and user-friendly for a novice and who is new comer in this trade. It is one of the best Forex learning tools in the world financial market today. It is able to make you learning and mastering Forex trading skills with an extreme fun experience alongside special graphical user interface that is different than any other Forex platform. For the beginners, here include practice trading so that a new comer can practice before handling real trading. So you need not early experience if you use this tool for Forex trading.

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