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...“We’re still expecting interest rates to be higher for longer, so it’s going to be a problem if parents build up more and more savings in these accounts that are exposed to tax,” said Suter....
...NS&I had reacted to rising interest rates on savings accounts, said Laura Suter, head of personal finance at investment platform AJ Bell....
...“The British public is in a lottery depending on who they bank with as to how any fraud will be dealt with — which shouldn’t be the case,” said Laura Suter, head of personal finance at AJ Bell....
...According to AJ Bell’s Laura Suter, investors and savers could respond by banking gains up to their allowance and do a Bed and Isa — when investments held outside an Isa are sold and then rebought within...
...Laura Suter, personal finance analyst at AJ Bell, which obtained the July HMRC figures through a Freedom of Information request, said: “Tax on savings has become quite a cash cow for the government.”...
...The gallery started to represent artists, including the political performance artist Regina José Galindo, Argentine conceptualist Amalia Pica and Vivian Suter, the Swiss-raised painter who has worked unrecognised...
...Laura Suter, head of personal finance at investment platform AJ Bell, said the trend was “worrying” and could have a long-term impact on retirement savings....
...Suter said: “Generally, NS&I doesn’t want to lead the markets, but this goes out of the window if it needs to drag in more of savers’ money....
...And I’d love something by Vivian Suter, who makes colourful abstract paintings in her outdoor studio in Costa Rica. I’ve recently rediscovered that exercise makes me feel good....
...“For many people this will be missing payments on their mortgage or not meeting a credit card payment, that could drag them further into debt,” said Laura Suter, head of personal finance at platform AJ Bell...
...“Before households leap to take advantage of the new flexibility they need to really consider the long-term impact,” said Laura Suter, AJ Bell personal finance analyst....
The cost of living crisis requires more drastic action than the chancellor delivered on Wednesday
...Laura Suter, head of personal finance at AJ Bell, says it is a lovely idea to give your grandchildren some money to help them start out in life. The first thing we should tackle is inheritance tax....
...Laura Suter, head of personal finance at AJ Bell, calculated that the moves to cut tax-free allowances on dividends and capital gains will together generate £4.6bn for the government over the next five tax...
...“Higher levels of gearing add more risk to the portfolio, which can result in higher returns but can mean you go on more of a rollercoaster ride to get there,” says Laura Suter, head of personal finance...
...Laura Suter, head of personal finance at AJ Bell, says: “Those who’ve lost their job will be faced with a far higher tax bill than they might expect....
...Laura Suter, head of personal finance at AJ Bell, said that the war for savings was growing increasingly heated....
...directors reassess whether there is a tax benefit to running their own business, which doesn’t exactly play into the government’s hands of boosting GDP and creating more homegrown businesses,” says Laura Suter...
...Laura Suter, head of personal finance at investment broker AJ Bell, said savers would continue to benefit from increased competition between banks on their savings rates after the BoE began raising base...
...“Many households will have no spare money each month, or will be dipping into savings” as wages fail to rise by as much as living costs, said Suter....
...“That doesn’t mean you should always pick the cheapest fund or provider,” says Suter....
...Suter was sceptical of NS&I’s claim that the new rate was introduced simply to keep pace with the market....
...This is ideal for investors who are relying on that money to fund their lifestyle,” says Suter....
...“Homeowners need to be aware that it’s a case of when not if for an interest rate rise now and the clock is ticking on the record low mortgage rates we’ve all become accustomed to,” said Laura Suter, head...
...Laura Suter, head of personal finance at AJ Bell, the stockbroker and pensions provider, noted that the self-employed and contractors who pay themselves with company dividends will also face higher tax burdens...
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