EL Magazine MAR-APR 2019 PAGETURNER

Carl Roberts
A win/win
investment
solution for you
and your family
If you want to invest for your children
there are two simple solutions available
that allow you to build up a significant
tax-free sum for them for when they are
older, as well as reduce your own taxes
now.
#1 – Junior ISA (JISA)
Like a normal adult ISA there is an
annual maximum allowance that you
can pay into a Junior ISA (£4,260 for the
2018/19 tax year) and money inside a
Junior ISA grows tax-free.
#2 – Junior Self Invested Personal
Pension (JSIPP)
For your own personal
Financial Director to run your
family finances call:
Carl Roberts FPFS, Chartered
Financial Planner
carl@rtsfinancialplanning.co.uk
rtsfinancialplanning.co.uk
01908 592544
07702 965275
RTS Financial Planning Limited is authorised and
regulated by the Financial Conduct Authority.
Registered in England and Wales. Registration
number 10619163. 21 Fosters Lane, Bradwell, Milton
Keynes, MK13 9HZ
If you would prefer that your children
or grandchildren have to wait longer to
access the money you invest for them then you could pay into a Junior SIPP.
Providing the child is under 18 you can set up a Junior SIPP and pay in up
to £2,880 per annum. The beauty of this is that the government will pay in
an extra 20% in the form of tax relief so your payment gets topped up to
£3,600.
A great app for getting a better
deal on your utilities
This app has saved me so much time by automatically comparing energy
prices for me. In fact, it does so much more than this, it’s like my very own
digital PA!
Onedox stores all your household bills in one place. Rather than searching
through the filing cabinet to locate your car insurance policy or the costs
of your last BT phone bill, you can find it all inside your Onedox app. It also
recognises when they are due for renewal and will alert you in plenty of
time.
Best of all, just before renewal, Onedox will automatically compare energy
prices, mobile phone and broadband to find you better deals based on your
previous usage.
Risk warning: Stock market linked investments and any income from them, can fall as well as rise and are not guaranteed. Any figures
quoted are for illustrative purposes and should not be taken as a forecast or guarantee. Past performance should not be seen as an
indication of future returns and clients may get back less than they have invested.
How To Save
Here are 3 ideas that can get
you saving even when you don’t
have any money.
#1 – Let your employer and the
government save for you
Your employer should already
have set up a pension for you
and you may be making some
small payments in. But did
you know that every time you
put money into a pension the
government top it up by 20%.
What’s more a lot of companies
now match what their
employees pay in. So you pay in
£100, the government pays in
£25 and your employer pays in
another £100. That’s £125 free
money!
#2 – Stop paying fees
Some banks charge an account
fee for additional services like
mobile phone insurance and
breakdown cover. The deal is
probably not great so question
whether you really need that
premium account.
#3 – Round up your spending
Every time you spend, round up
the cost to the nearest pound
and deposit the difference into a
savings or investment account.
Rounding up just £1 a day, over
a year that’s £365 and if you
earned 6% a year investing it,
your total pot could be worth
just under £2,000 in 3 years time!
Just spending as you normally
would.
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