21 March 2014 Nicer ISA savings – what could be NISA! And how about a Care ISA? As the dust starts to settle a little following the sudden Budget improvements to Individual Savings Accounts (ISA) rules, I thought it might be helpful to note down some more thoughts. Wouldn’t it be great if the new found freedoms could be used to help fund social care. An ISA tax free savings account, designated to pay for care costs, could help with the…
Yet another report highlighting the scale of the social care crisis. The research by NFU Mutual shows that older generations are increasingly facing crippling care costs in later life that they have not prepared for. Families are finding that their lifetime savings are at risk if they become ill in the wrong way. Those who have cancer or other illnesses that qualify for NHS treatment will have all their care covered by taxpayers. Those unlucky enough to develop dementia or…
August 18, 2013 at 7:27 pm I have just read a blog which once again suggests that those who save cannot expect returns because times are tough and everyone should expect to do badly at the moment. The blog discusses its views on ‘Why @SaveourSavers are doomed’. You can read it here: http://leftoutside.wordpress.com/2013/08/18/why-saveoursavers-are-doomed/ This is my response: Demands for higher interest rates are not necessarily demands for transfers from people in the future to people in the present. Indeed demands…
I have been engaged in a lengthy twitter engagement with @IzaKaminska and we have agreed to disagree. Her first post on our debate was entitled ‘Savers are not sacred cows’ and can be found here http://dizzynomics.wordpress.com/2013/08/12/savers-are-not-sacred-cows-redux/. I feel her arguments and those of others with similar views, are important to air. I fundamentally disagree with their analysis, but I may of course be wrong. They contend that we are actually in a deflation and there is not really any inflation…