Calzonii
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posted on 19/3/15 at 07:11 PM |
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Budget 2015 - ISA's explained?
So im starting to save for my first house after graduating a few years.. I was reading thru the Budget information released today and it says
something about having a 'new to buy' 25% interest ISA account for mortgages for first time buyers. I have no understanding of anything
financial and am wondering if someone can explain how this would work cause it all sounds too good to be true with 25 % interest?
Does anyone work in the financial advisory field can help me out?
Cheers
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David Jenkins
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posted on 19/3/15 at 07:16 PM |
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Whatever it all means (I haven't a clue) just remember that it all depends on this pack of monkeys getting re-elected at the up and coming
election, as it doesn't take effect for quite some time. if the other pack of monkeys get in they may well scrap it and invent something
else.
I hate politicians and politics...
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Chris_Xtreme
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posted on 19/3/15 at 07:24 PM |
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it does read like that from autumn you might be able to open an account, 1k max starting deposit and then 200/month and for every 200 the government
will add 50 to it, up to 3000 from them in total..
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Calzonii
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posted on 19/3/15 at 07:34 PM |
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Yeah so that takes the total to £15k but thats per person so if my better half can get one also and make it £30k for the 2 of us..
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Chris_Xtreme
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posted on 19/3/15 at 07:37 PM |
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not bad for I think I saw 4.5yrs saving if you can manage it. tho someone should probably say start a pension too !
don't envy anyone trying to get on the property ladder now
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v8kid
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posted on 19/3/15 at 08:59 PM |
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quote: Originally posted by David Jenkins
Whatever it all means (I haven't a clue) just remember that it all depends on this pack of monkeys getting re-elected at the up and coming
election, as it doesn't take effect for quite some time. if the other pack of monkeys get in they may well scrap it and invent something
else.
I hate politicians and politics...
What about the poor monkeys?
You'd be surprised how quickly the sales people at B&Q try and assist you after ignoring you for the past 15 minutes when you try and start a
chainsaw
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perksy
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posted on 19/3/15 at 11:32 PM |
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It's an attempt to buy your vote come election time
As ever, the devil is in the detail.....
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