http://www.MyEggNest.com/en-gbSat, 04 Feb 2012 16:53:02 GMT http://www.MyEggNest.com/News/Every-Sixteen-Year-Old-Should-Be-Given-A-Bank-Account.aspx http://www.MyEggNest.com/News/Every-Sixteen-Year-Old-Should-Be-Given-A-Bank-Account.aspx Wed, 01 Feb 2012 12:14:00 GMT <p><font color="#000000"><strong><em>By Ameet Magan</em></strong><br /></font><br />The Chartered Institute for Securities and Investment (CISI), one of the nation&rsquo;s top financial bodies has called for the government to make sure that every child in Britain is provided with a bank account once they reach sixteen. <br /><br />By providing all children with bank accounts the Institute believes under eighteens will begin to grasp an understanding of finance, especially their personal fiscal responsibilities from a much earlier age. </p> <p><font color="#000000"><strong>Financially responsible parents</strong><br /></font><br />The new <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><strong>Junior ISA</strong></a> is just one way to save for children and to make sure that they have something to get a start in the adult world. <br /><br />Of course it&rsquo;s important to teach our children about financial responsibility but even the most money conscious young adult is bound to have financial concerns in this era of recession and austerity. Often it&rsquo;s the parents who ensure their kids don&rsquo;t sink once they leave home by giving hand-outs and helping them financially.<br /><font color="#000000"><strong><br /></strong></font>However, some parents don&rsquo;t just give their kids handouts as they need them. Those capable of a little foresight and financial planning will have ensured they have set aside and saved for their children futures.<br /><br />Junior ISAs, offered by providers such as <strong><a target="_blank" href="http://track.omguk.com/?AID=3886&amp;MID=1209&amp;PID=8774&amp;CID=3424152&amp;WID=31384">Family Investment</a>&nbsp;</strong>are tax free savings accounts; allowing &pound;3,600 a year to be saved. The funds can only be accessed by the child when they reach 18 and they offer a logical and straightforward way for parents to start long term saving for their children&rsquo;s futures.<br /><br /><strong><font color="#000000">&ldquo;Participate&hellip; in financial society&rdquo;<br /></font></strong><br />Whilst it may be of educational benefit to teach young people about banks accounts from an early age, allowing them to &ldquo;participate fully in financial society&rdquo;, Simon Culhane, Chief Executive of CISI stated.<br /><br />Another alternative account available to children is the <a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx"><strong>Child Tax Exempt Savings Plan</strong></a>. It is available from many high street providers and allows parents and other adults to save as much as &pound;25 per month tax free.<br /><br />Whilst it&rsquo;s important to teach children financial responsibility, and budgeting skills, it may be difficult for them to learn if they don&rsquo;t have any actual savings of their own to look after.</p> <p>&nbsp;</p> <br /> <div style="TEXT-ALIGN: center"><br />Comment on this subject on our <a style="FONT-WEIGHT: bold" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="TEXT-ALIGN: center"><font size="3"><span style="FONT-WEIGHT: bold">MyEggNest's Top Tip</span></font><font style="FONT-WEIGHT: bold" size="2">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="FONT-WEIGHT: bold"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img style="WIDTH: 179px; HEIGHT: 150px" alt="" align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img border="0" alt="AddThis Social Bookmark Button" width="160" height="24" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table border="0" cellspacing="1" summary="" cellpadding="1" width="83" align="right" height="94"> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img alt="Chick" width="70" height="58" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/The-Latest-Information-on-The-Junior-ISA.aspx http://www.MyEggNest.com/News/The-Latest-Information-on-The-Junior-ISA.aspx Mon, 30 Jan 2012 13:06:00 GMT <p><strong><em><font color="#000000">By Ameet Magan<br /><br /></font></em></strong>Most parents want to give their children a helping hand in life, and many choose to open savings accounts for their children &ndash; so they can have a solid financial foundation to build upon in adult life. <br />The recently launched <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><strong>Junior ISA</strong></a>&nbsp; has been designed to appeal to savings minded parents, and does allow up to &pound;3,600 to be saved tax free every year.<br /><br />However, children&rsquo;s savings are not always exempt from tax, and their tax free savings limit for this financial year is &pound;7,475, which is the same as any adult aged eighteen to sixty five.<br /><br />Parents saving into an account for their children should take the time to fill out the HMRC Form R85, which can be downloaded from the Inland Revenue&rsquo;s website. Once the form has been given to the savings provider that the account is with, parents can rest assured that they will not be deducted tax from the savings, forcing them to go through the hassle of claiming the tax back.<br /><br /><strong><font color="#000000">Less paperwork with a Junior ISA<br /></font></strong><br />The difference with the Junior ISA, offered by providers like <strong><a href="http://track.omguk.com/?AID=3886&amp;MID=1209&amp;PID=8774&amp;CID=3424152&amp;WID=31384">Family Investments</a></strong>, is that it is specifically a tax exempt account, and parents need not worry about filling out paperwork and jumping through hoops to get tax deductions paid back.<br /><br />The Junior ISA offers parents the chance to save towards a child&rsquo;s future. The child can only access the savings once they reach eighteen, guaranteeing that the savings are locked down for the long term, allowing a potentially significant nest egg to built up over the child&rsquo;s life until they reach maturity. However when they reach 16, the child will have full management of the account.<br /><br /><strong><font color="#000000">Open a Junior ISA with just &pound;10<br /></font></strong><br />Whilst the <a href="http://www.myeggnest.com/info/Junior-ISA.aspx"><strong>Junior ISA</strong></a> allows for substantial savings to be built up over time, parents can open an account with as little as &pound;10 and some providers allow for very low monthly premiums of just &pound;10.<br /><br />As with the adult ISA, Junior ISAs are available in two versions; Cash and Stocks &amp; Shares. Any child who does not already hold a Child Trust Fund can have a Junior ISA opened in their name, and they are allowed to hold one of each type.<br /><br />If the money is left in the account after the child turns eighteen then the Junior ISA automatically changes into an adult ISA. <br /></p> <br /> <div style="TEXT-ALIGN: center"><br />Comment on this subject on our <a style="FONT-WEIGHT: bold" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="TEXT-ALIGN: center"><font size="3"><span style="FONT-WEIGHT: bold">MyEggNest's Top Tip</span></font><font style="FONT-WEIGHT: bold" size="2">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="FONT-WEIGHT: bold"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img style="WIDTH: 179px; HEIGHT: 150px" alt="" align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img border="0" alt="AddThis Social Bookmark Button" width="160" height="24" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table border="0" cellspacing="1" summary="" cellpadding="1" width="83" align="right" height="94"> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img alt="Chick" width="70" height="58" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Children-And-Tax.aspx http://www.MyEggNest.com/News/Children-And-Tax.aspx Tue, 24 Jan 2012 12:36:00 GMT <p><strong><em><font color="#000000">By Marc Simpson<br /><br /></font></em></strong>While all parents wish to save for their children in order to give them the best start in life, many believe the myth that children are exempt from taxation. Sadly this is not true, and children are taxed just like adults, at their parents tax rate.<br /><br />This means they have the same tax-free allowance for their savings as adults. For the 2011/12 tax year this limit is &pound;7,475 tax-free on their savings before tax is due. However, there are some savings vehicles that bypass this limit, such as the Junior ISA, offered by providers such as <strong><a href="http://track.omguk.com/?AID=3886&amp;MID=1209&amp;PID=8774&amp;CID=3424152&amp;WID=31384">Family Investments</a></strong>, which allow tax-free savings but have a yearly contribution maximum currently set at &pound;3,600 a year. <br /><br /><strong><font color="#000000">Savings<br /><br /></font></strong>When saving for a child into a regular child savings account it is important for parents to fill out an HMRC Form R85 if your child is not going to earn more than the tax-free allowance, as otherwise HMRC will withhold tax on interest at the 20 per cent rate. The form is available on the HMRC website and need only be filled out and handed in to the bank that has the child&rsquo;s account.<br /><br />However, there are different rules on how interest earned on money given to a child by their parents is taxed. In order to avoid parents evading tax by giving money to their child, HMRC taxes any interest above &pound;100 a year earned on money given to a child by their parent. <br /><br /><strong><font color="#000000">Tax-free</font></strong> <br /><br />Each parent gets the &pound;100 allowance for their child, so if both parents give money to the child, the child can earn up to &pound;200 a year on that money before it is taxed. There are accounts, such as the Junior ISA, which are tax free that are not subject to this rule. <br /><br />The <strong><a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a></strong> was set up by the Government to encourage parents to save for their child. This is why it receives tax-relief. The account gives the child a lump sum on their eighteenth birthday to start their adult life. <br /><br />It is one way to save for big expensive such as a university education or first house down payment. For parents looking to save more than the &pound;3,600 a year contribution limit on the Junior ISA, a young saver plan, another tax-free account, can be held in addition to a Junior ISA.<br /><br />An alternative saving option to save for your child is the <strong><a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx">Child Tax Exempt Saving Plan</a>.</strong> It allows you to save for your child tax free and they will recieve their lump sum when they reach 18.</p> <br /> <div style="TEXT-ALIGN: center"><br />Comment on this subject on our <a style="FONT-WEIGHT: bold" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="TEXT-ALIGN: center"><font size="3"><span style="FONT-WEIGHT: bold">MyEggNest's Top Tip</span></font><font style="FONT-WEIGHT: bold" size="2">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="FONT-WEIGHT: bold"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img style="WIDTH: 179px; HEIGHT: 150px" alt="" align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img border="0" alt="AddThis Social Bookmark Button" width="160" height="24" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table border="0" cellspacing="1" summary="" cellpadding="1" width="83" align="right" height="94"> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img alt="Chick" width="70" height="58" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Giving-Your-Child-The-Raw-Ingredients-For-Success.aspx http://www.MyEggNest.com/News/Giving-Your-Child-The-Raw-Ingredients-For-Success.aspx Mon, 23 Jan 2012 12:57:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;">By Rajan Chagger</span></span><br /><br />The Government have made changes to tuition fees that will mean that by the end of this year they will rise to &pound;9,000. While universities are not being forced to set their tuition fees to this top limit, many universities are taking advantage of this and have already increased the cost of many of their courses to the maximum. <br /><br />It is clear that potential students from poorer backgrounds would have to make a serious decision over their future. This is because figures have shown that a student entering into higher education at the end of this year could graduate with a debt of more than &pound;50,000. This is a major cloud that will follow the individual for a long period in their lives, and it is why parents should be encouraged and also feel motivated to save.<br /><br />Parents need to be aware of the savings accounts available to them, such as the Junior ISA, offered by providers like <a style="font-weight: bold;" href="http://track.omguk.com/?AID=3886&amp;MID=1209&amp;PID=8774&amp;CID=3424152&amp;WID=31384">Family Investment</a>. It will allow them to save money for their child which they will receive on their 18th birthday or if the parent chooses a children&rsquo;s pension then it will come into use in the later part of life.<br /><br />The Government have attempted to make saving for children much easier, doing this by launching the <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a>. This is an account which as a maximum saving limit of &pound;3,600 with potential to change yearly after 2014. Parents have more freedom over the amount they like to save each month and the way the account has been created has meant that any other family member or friend can also contribute into the account. <br /><br />For many parents who live on a tight financial budget, having more flexibility over their saving is a advantage. It is also this group of parents who need to understand that saving regularly in amounts they are able to afford will go a long way to helping your child since after 18-years there is the chance that the lump sum they will receive will be healthy.<br /> <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" class=" khmqoeckayuhlruwfdom" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table align="right" width="83" height="94" cellspacing="1" cellpadding="1" border="0" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/High-Interest-Savings-Accounts-Still-Out-There.aspx http://www.MyEggNest.com/News/High-Interest-Savings-Accounts-Still-Out-There.aspx Wed, 18 Jan 2012 00:00:00 GMT <strong><em><font color="#000000">By Marc Simpson</font></em></strong> <p>With inflation higher than ever and interest rates at an all time low, many <strong><a href="http://www.myeggnest.com/Info/Children-Savings-Account.aspx">child savings accounts</a></strong> give less than appetising interest rates. However, for those parents willing to put in a little effort it is still possible to find accounts with good interest rates for their children's. <br /><br />Britain's fourth largest building society, Skipton, just launched the Leap Account Issue 2, which offers an interest rate of 2.75 per cent (including a 12 month bonus of 0.5 per cent), launching it into the league tables and making it a great place for parents to encourage their kids to store any left over Christmas money.<br /><br /><strong>Bonus<br /><br /></strong>However, even at that rate the account is not capable of beating inflation of 4.8 per cent, leading many parents to take the savvy step of opening up a Junior ISA, offered by providers such as <strong><a href="http://track.omguk.com/?AID=3886&amp;MID=1209&amp;PID=8774&amp;CID=3424152&amp;WID=31384">Family Investments</a></strong>, for their child as the tax relief on the account effectively increases the rate of return.<br /><br />The account can be open at any of Skipton&rsquo;s large network of branches, however like many child savings accounts it comes with a bonus, which once gone can leave the account with a less than stellar rate. Teaching children now about tactics used by banks and building societies, such as bonuses, that are designed to save them money at the expense of the consumer can help ensure they are a savvy consumer for the rest of their life.<br /><br /><strong>Accounts<br /><br /></strong>That is why it is a good idea to get kids involved with the opening of any account that is for them and teach them about transferring accounts once bonuses expire. Opening a <strong><a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a></strong> for your child can also help you to teach a basic lesson about tax and interest.<br /><br />There are other accounts that beat Skipton&rsquo;s offering, such as the Northern Rock Little Rock Instant Access Issue 2, with a rate of 3 per cent. However, even at that rate, which is top of the league table, it still does not beat inflation.<br /><br />And no matter the account opened for a child, it is important to fill out an R85 (as long as the child is eligible to fill one out) for the account to ensure the interest is not automatically taxed. Another alternative to the Junior ISA, is the option to open a children&rsquo;s stakeholder pension, offered by providers like <strong><a href="http:// http://ad.doubleclick.net/clk;250353507;75220710;t;pc=%5BTPAS_ID%5D">Virgin Money</a></strong>. <br /></p> <div style="TEXT-ALIGN: center"><br />Comment on this subject on our <a style="FONT-WEIGHT: bold" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="TEXT-ALIGN: center"><font size="3"><span style="FONT-WEIGHT: bold">MyEggNest's Top Tip</span></font><font style="FONT-WEIGHT: bold" size="2">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="FONT-WEIGHT: bold"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img style="WIDTH: 179px; HEIGHT: 150px" alt="" align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img border="0" alt="AddThis Social Bookmark Button" width="160" height="24" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table border="0" cellspacing="1" summary="" cellpadding="1" width="83" align="right" height="94"> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img alt="Chick" width="70" height="58" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Parents-Have-Not-Invested-Child-Trust-Fund-Voucher.aspx http://www.MyEggNest.com/News/Parents-Have-Not-Invested-Child-Trust-Fund-Voucher.aspx Tue, 17 Jan 2012 13:48:00 GMT <p><strong><em><font color="#000000">By Marc Simpson</font></em></strong></p> <p>Figures from HM Revenue &amp; Customs show that 136,000 child trust fund vouchers have still not been invested. Of the 555,000 vouchers issued in the 12 months up to June 2011, a quarter have not been used. Those who do not invest the vouchers themselves will automatically be allocated a default stakeholder account, which may not be the most suitable for their savings needs. <br /><br />They are also ineligible for the Junior ISA, a new type of account made to replace the Child Trust Fund for babies born from January 2011. For this reason many parents have also been turning to Child Tax Exempt Savings Plans, offered by providers such as <strong><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;WID=31384">Shepherd&rsquo;s Friendly</a></strong>, in an attempt to increase their tax-free savings for their children. <br /><br /><font color="#000000"><strong><font color="#000000">Merge <br /></font></strong><br /></font>Industry experts have called for the Junior ISA and the <strong><a href="http://www.myeggnest.com/Info/Child-Trust-Funds-Menu.aspx">Child Trust Fund</a></strong> to be merged as they say that with no new accounts being opened, CTFs are likely to become more expensive with much limited options. While many have praised the raising of the allowance on CTFs to &pound;3,600 to match that of Junior ISAs, they say more must be done to integrate the two types of account. <br /><br />Many parents have joined in the call for the accounts to be merged and have also pushed for the contribution allowance to rise further, citing the increasing cost of tuition fees as a reason to allow for larger tax-free savings for children. <br /><br />While the Government has given no indication that it will increase the allowance any higher than with inflation, accounts such as <strong><a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx">Child Tax Exempt Savings Plans</a></strong> (CTESP) can be held with either a Junior ISA or a CTF and therefore allow for greater tax-free child savings. <br /><br /><font color="#000000"><strong><font color="#000000">Vouchers <br /></font></strong><br /></font>Children born between September 1 2002 and January 2 2011 are eligible for a Child Trust Fund and their parents should have already received a voucher worth &pound;50 or &pound;250, depending on the circumstances, with which to open a CTF.&nbsp;<strong><a href="http://www.myeggnest.com/info/Junior-ISA.aspx">Junior ISAs</a></strong> are available for all children under 18 born outside those dates.&nbsp;</p> <p>Whichever account the child is eligible for, they are also able to have an Ethical Child Savings Plan opened for them, a special type of CTESP that only invests in businesses with ethical practices, in order to increase their tax-free savings. <br /></p> <br /> <div style="TEXT-ALIGN: center"><br />Comment on this subject on our <a style="FONT-WEIGHT: bold" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="TEXT-ALIGN: center"><font size="3"><span style="FONT-WEIGHT: bold">MyEggNest's Top Tip</span></font><font style="FONT-WEIGHT: bold" size="2">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="FONT-WEIGHT: bold"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img style="WIDTH: 179px; HEIGHT: 150px" alt="" align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img border="0" alt="AddThis Social Bookmark Button" width="160" height="24" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table border="0" cellspacing="1" summary="" cellpadding="1" width="83" align="right" height="94"> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img alt="Chick" width="70" height="58" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Holidays-Halt-Savings.aspx http://www.MyEggNest.com/News/Holidays-Halt-Savings.aspx Wed, 21 Dec 2011 15:44:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By A. Velasco</span></span><br /><br />All parents want their children to have the perfect Christmas, and for some that means buying the perfect or most sought-after toy. Others are struggling to make ends meet in this economy, and find themselves going into debt just to make the holiday special for their children. <br /><br />However, research into the cost of Christmas toys from Lloyds Banking Group has shown that parents are missing out on the opportunity to save thousands for their children&rsquo;s future just by giving in to the latest toy crazes. <br /><br />The most expensive must-have toy this year, the Ninjago Fire Temple, costs a whopping &pound;92. Saving just that amount of money for 16 years would mean an extra &pound;1,913 in your child&rsquo;s <a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx"><span style="font-weight: bold;">Tax Exempt Child Savings Plan</span>,</a> not to mention the hundreds of pounds in interest that would have accrued. <br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Skyrocketing costs</span><br /><br />Inflation continues to be on the rise, hitting the pockets of families particularly hard in the holiday season. Toys are no exception to the rule of rising costs, with Lloyds finding that this season&rsquo;s top 12 &lsquo;dream&rsquo; toys cost &pound;604 altogether. <br /><br />Over 16 years, contributing &pound;604 into a <a href="http://www.myeggnest.com/info/Junior-ISA.aspx"><span style="font-weight: bold;">Junior ISA</span></a> with 4.5% yields would amount to &pound;15,000. Experts at Lloyds calculate that this is around how much families are missing out on by purchasing expensive gifts for Christmas. <br /><br />Typically, all but the most habitual savers face a dip in their savings habit around the holidays. <br /><br />This year, it could be nice to spend a portion of the money that you would typically spend on gifts for your children while putting the other portion away for the future. While the toys will break or be forgotten, the savings that you put aside each year will continue to grow and prosper. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Average spending</span><br style="font-weight: bold; color: rgb(0, 0, 0);" /><br />While most children do not receive all 12 of the season&rsquo;s top toys, &pound;604 is not far off from the reality of Christmas spending. Lloyds found that on average, households spend &pound;523 at Christmas. <br /><br />If this money were saved each year in the same 4.5% <a href="http://www.myeggnest.com/Info/Children-Savings-Account.aspx"><span style="font-weight: bold;">children&rsquo;s saving account</span></a> or ISA, families could save &pound;13,474 during the 16 years their children are growing. <br /><br />Lloyds also noted that families who want to balance between holiday spending and children&rsquo;s savings can invest just a quarter of the average Christmas bill, or &pound;130.75 per year. Putting this into the same savings account over 16 years would mean a healthy lump sum &pound;3,369. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Banks-Tell-Customers-Real-Savings-Rates-.aspx http://www.MyEggNest.com/News/Banks-Tell-Customers-Real-Savings-Rates-.aspx Sun, 18 Dec 2011 00:00:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;"><span style="color: rgb(0, 0, 0);">By Samrhiddi Dastidar</span><br /><br /></span></span>Starting next year, many savers are going to have a much easier road understanding how much they are earning from their savings accounts. This is because most large banks have agreed to come clean and print the interest rate that customers earn on their annual statements. <br /><br />If you are looking for a new way to save for your child, see if he or she is eligible for a <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span>,</a> which is a government-backed scheme that has recently been launched. <br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Actual rate</span><br /><br />In addition to the Junior ISA, you can save up to &pound;25 each month toward your child&rsquo;s nest egg with a <a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan. </span><br /></a><br />The system, which is set to be in place by early next year, will make leading banks and building societies highlight the actual rate savers earn on each and every account. <br /><br />Previously, banks have just sent a long list of every account and their corresponding rates, making it much more difficult for savers to easily grasp their earnings. <br /><br />The move is a sign of good faith from the banking industry, which have voluntarily undertaken these measures. Of the major players, only Santander, Britannia, the Co-operative Bank, Nat West, and Royal Bank of Scotland have not yet agreed to adopt the practice. <br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Kept in the dark</span><br /><br />The measures are being adopted after many savings and regulations advocates called for the banking industry to stop &lsquo;covering up&rsquo; its true savings rates. <br /><br />Many savers have suffered by not keeping up to date on their account&rsquo;s performance. Payouts have plunged, leaving savings accounts for property, weddings, and university in a disastrous state. <br /><br />If you are looking to save towards your child&rsquo;s higher education, one easy way is to invest in a <span style="font-weight: bold;"><a href="http://www.myeggnest.com/info/Unit-Trust-for-Children.aspx">unit trust</a> </span>for children. Since a fund manager chooses how the money is invested, it is a way for parents to invest even when they are unfamiliar with equities and shares. <br /><br />Keeping their customers in the dark has worked well for banks&rsquo; profits so far, as the banking sector has paid out only &pound;16.6 billion in interest in the past 12 months. This is less than half the &pound;35 billion that banks and building societies paid their customers 3 years ago. <br /><br />However, interest rates have been in steady decline since the credit crunch. There are still many best buys to be had on the savings tables, but parents who are hoping to save for their children&rsquo;s future must be savvy shoppers to snag them. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Family-Members-Want-to-Help.aspx http://www.MyEggNest.com/News/Family-Members-Want-to-Help.aspx Sat, 17 Dec 2011 00:00:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Ameet Magan</span></span><br style="color: rgb(0, 0, 0);" /><br />According to a survey from JP Morgan&rsquo;s Investment Trust group, nearly half of all adults in Britain would contribute to a Junior ISA for their friend or family member&rsquo;s child. <br /><br />This marks an opportunity for your family to get help when saving up for your children&rsquo;s education. However, separate survey has found that finances are the least likely subject to be brought up in conversations among Britons, posing a barrier to what could be significant help for your child&rsquo;s future. <br /><br />The money that you and the people who care about your child contribute to a <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a> could mean a tax-free lump sum for higher education, your child&rsquo;s first car, or even a nest egg for future investment. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Cutbacks</span><span style="font-weight: bold;"><br /><br /></span>According to the study, the 43% of people who said they would contribute to a child&rsquo;s Junior ISA estimated they would be willing to pay an average of &pound;542 per year. 59% of willing contributors would give under &pound;500 per year to a friend or relative&rsquo;s child, while 15% would contribute between &pound;501 and &pound;1000 per year. <br /><br />The same people also said that they would need to make cutbacks of some sort in order to provide the financial aid, with 20% stating that contributing towards a relative&rsquo;s child would severely affect their finances. Another 33% said that this would impact their finances minimally, would just need to make slight cutbacks. <br /><br />The study shows that while parents are responsible for their child&rsquo;s future, many have a network of friends or family who are willing to help share the burden. <br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Motivations</span><br /><br />However, this requires parents to broach the subject of contributing to a <a href="http://www.myeggnest.com/Info/Children-Savings-Account.aspx"><span style="font-weight: bold;">children&rsquo;s savings account </span></a>with their friends and family. <br /><br />The quickly approaching holiday season is a great way to get your network of savers started. The Investment Trust report found that 23% of respondents would contribute to a relative or friend&rsquo;s Junior ISA if they felt that it would provide a better alternative to buying the child a present. <br /><br />You may also want to talk about the tax benefits of a Junior ISA, as the survey found that 13% of people favoured giving the gift of savings because it was a tax efficient way to make a difference. <br /><br />If you are lucky enough to have family and friends that understand the importance of saving, the recent study shows you may well get easy, extra help from the people who love your child as you do. <br /><br />If you would like another way to save for your child&rsquo;s future, consider taking out a <a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, which children can hold in addition to their Junior ISA. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Start-Saving-For-The-Future-of-Your-Children.aspx http://www.MyEggNest.com/News/Start-Saving-For-The-Future-of-Your-Children.aspx Fri, 16 Dec 2011 10:36:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Samrhiddi Dastidar</span></span><br style="color: rgb(0, 0, 0);" /><br />Saving money is important for achieving the financial stability in life. You will retire someday and so you would want to save something for your retirement. Or it may be that you want your children to go to college for higher education. <br /><br />Saving money have become even more difficult today with the rising cost of household items, such as food, electiricty and other bills. Many parents believe that they do not need to save for their child, resulting in confusion when they are faced with universitiy fees, or money for a car etc. <br /><br />A great way of saving for your child is to invest in a <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA,</span></a> it allows you to save tax free until the child is 18. They will recieve a lump sum to spend their money on whatever they desire.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Start early</span><br /><br />Moreover with the scrapping of the Child Trust Fund, many parents are thinking twice about the different plans and savings schemes that are now available.<span style="font-weight: bold;"></span><br /><br />In Great Britain, Scotland leads in savings, as the parents there are saving or keeping aside about 7% of their monthly income, which comes to an average of &pound;240, which is more than the monthly average of &pound;232 a month in UK. <br /><br />Another alternative savings vehicle is the <span style="font-weight: bold;"><a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx">Young Saver Plan</a>,</span> this allows you to save between &pound;7.50 to &pound;100 a month tax free.<br /><br />But the real picture in the country is rather bleak, because almost 40% of the families do not have any savings at all. This is a serious concern that needs to be addressed immediately, as three quarters of the families that do not have any savings, live in extreme poverty. <br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">High cost of living</span><br style="font-weight: bold;" /><br />On the other hand the cost of upbringing a child has increased by 50% since 2003. Today an average parent in the country pays about &pound;203,000, which comes to daily average of &pound;26.50, in bringing up their children. Thus those who have little or no savings, particularly new and young parents should start immediate planning for the future of their children. <br /><br />If you are interested in opening a savings account but do not know which one would be more suited to you, speak to one of our friendly Independent Financial Advisors to find out the best saving account. <a href="http://www.myeggnest.com/Info/Ask-The-Expert.aspx"><span style="font-weight: bold;">Click here</span></a> for more information.<br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" width="160" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Major-Banks-Ignore-New-Scheme.aspx http://www.MyEggNest.com/News/Major-Banks-Ignore-New-Scheme.aspx Thu, 15 Dec 2011 00:00:00 GMT <span style="font-weight: bold; color: rgb(0, 0, 0);"><span style="font-style: italic;"><span style="font-weight: bold;">By A. Velasco</span></span></span><br style="color: rgb(0, 0, 0);" /><br />Despite the buzz surrounding this November&rsquo;s launch of the Junior ISA, many major banks and building societies have yet to release plans to offer the product. However, there are many providers who offer both the cash savings account and stocks and shares option, with rates that are very competitive in a bid to catch new customers.&nbsp; <br /><br />Among the High Street big players, only Skipton and Nationwide building societies have announced their plans for cash Junior ISAs, which are readily available and pay 3%. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Excuses</span><br style="font-weight: bold;" /><br />Experts criticise High Street&rsquo;s delay in releasing more <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a> options, as they say the families who wish to invest with big-name banks and building societies will be force to sit and wait, missing out on valuable growth time for their cash. <br /><br />High Street banks blame the Junior ISA delays on the difficulty of getting the proper administration needed to run the scheme, while some have said that the costs of launching the product outweigh the rewards. This has thrown a spanner into the government&rsquo;s plans, as it wishes to make Junior ISAs widely available in an effort to encourage children&rsquo;s savings. <br /><br />In a statement Mark Hoban, Financial Secretary to the Treasury, said that he feels Junior ISAs &ldquo;will strengthen the savings culture,&rdquo; and that he looks forward to seeing them on High Street. <br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Other options</span><br style="color: rgb(0, 0, 0);" /><br />If you are looking for an alternative way to save for your child, particularly if you wish to leave an inheritance away from the taxman, you should also consider taking out a <a href="http://www.myeggnest.com/Info/Childrens-Pension.aspx"><span style="font-weight: bold;">children&rsquo;s stakeholder pension. </span></a><br /><br />Barclays responded to the criticism from not launching a Junior ISA line, saying that they offer the Barclay&rsquo;s Children&rsquo;s Savings account as a way to satisfy the savings needs of families. However, this account offers a shockingly low 0.25%, which would earn just &pound;9 in interest from the Junior ISA&rsquo;s maximum &pound;3,600. <br /><br />HSBC is another bank that has also admitted that it has no plans to launch the new savings measure. Even the government&rsquo;s savings arm, National Savings &amp; Investments, says that it has no plans to offer the new scheme because they already have a <span style="font-weight: bold;"><a href="http://www.myeggnest.com/Info/Childrens-Savings-Bonds.aspx#Children">Children&rsquo;s Savings Bonus Bond.</a> </span><br /><br />However, at just 2.5% over a fixed term of five years, parents would do well to find a Junior ISA provider. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Families-Worse-Off.aspx http://www.MyEggNest.com/News/Families-Worse-Off.aspx Wed, 14 Dec 2011 00:00:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By A. Velasco</span></span><br /><br />According to ASDA&rsquo;s latest Income Tracker report, UK families are struggling under the pressures of uncertain employment conditions and a soaring cost of living. They are now &pound;13 per week, or nearly &pound;700 per year, worse off than they were 12 months ago.<br /><br />Though it is tough to save under these conditions, there are ways to build a nest egg for your child&rsquo;s future without breaking the bank. A <a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, for example, usually allow contributions as low as &pound;15, and have a cap of &pound;25 per month. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Spending worries</span><br /><br />The Income Tracker report found that the average UK family typically has &pound;164 per week left in income, after paying for regular expenses such as food, clothing, and housing costs. This is 7.1% less than they had a year ago. <br /><br />The figures are no surprise, considering many families have suffered cuts in pay or available hours, ensuring that their income does not keep up with the cost of living. As inflation rises, spending power is eroded. <br /><br />To ensure that your child has money to spend when they move off to start their life, you can start saving in a <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a> for their 18th birthday. It allows you to save tax free, and anyone in the family can contribute.<br /><br />The situation may get better for families, as experts expect the rate of inflation to drop off and eventually hit the Bank of England&rsquo;s target of 2.5%. However, the other factor that is leaving families worse off is the job market, which is not expected to turn around in the near future. <br /><br />Official figures for November showed that youth unemployment had just topped 1 million. <br /><br /><span style="color: rgb(0, 0, 0); font-weight: bold;">Bill trouble</span><br /><br />While food and clothing are certainly putting a dent in many families&rsquo; pockets, Asda reported that the skyrocketing rise of utility bills is the biggest point of pressure for families. The drop in disposable income directly correlates with the rise in fuel prices. <br /><br />Over the last 12 months, gas prices have risen by 24.1%, while electricity bills increased 14.9%. <br /><br />Even if your family is among the millions of British families feeling the squeeze to their budgets, it is important not to neglect your savings. Taking your child down to a bank or building society for their first <a href="http://www.myeggnest.com/Info/Children-Savings-Account.aspx"><span style="font-weight: bold;">children&rsquo;s savings account</span></a> will not just put money towards the future, but help your children acquire a savings habit that will serve them throughout their life. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/You-Can-Afford-Tuition-Fees.aspx http://www.MyEggNest.com/News/You-Can-Afford-Tuition-Fees.aspx Tue, 13 Dec 2011 00:00:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Ameet Magan</span></span><br /><br />Many young people, put off by the thought of exorbitant tuition fees and being saddled with a mountain of debt are coming to the conclusion that they simply won&rsquo;t be able to afford to go on to higher education.<br /><br />However the University of East Anglia&rsquo;s Admissions Director, Mark Barlow is urging students not to automatically assume that they can no longer think about gaining a university education. He wants them to look again at the new tuition fees system and consider any financial support they might receive and exactly how they&rsquo;ll have to repay their debts over the long term.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">A good return on your investment</span><br style="font-weight: bold;" /><br />Parents of younger children should also consider whether there are ways to save towards their children&rsquo;s university costs from now. The recent launch of the <a style="font-weight: bold;" href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a>&nbsp; is one option open to them. Because savings can only be withdrawn from Junior ISA accounts by the child whose name the account is in once they turn eighteen &ndash; they allow the chance for long term saving. <br /><br />On top of that they are tax free savings accounts and up to &pound;3,600 a year can be saved with no tax to be paid on interest accumulated. The combination of long term and tax free saving means a substantial amount can be saved if the accounts are regularly contributed towards &ndash; potentially saving enough to pay for a university education or a deposit on a first home.<br /><br />Mr Barlow says that students need to look at the tuition fees as an investment rather than a debt. He says: &ldquo;The government is asking 17-year-olds to get their heads round something that&rsquo;s very complex even for an adult.&rdquo; But he adds, &ldquo;For those students who are ambitious, it&rsquo;s going to give them a very good return on their investment&rdquo;.<br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Consider &ldquo;what your real costs will be&rdquo;</span><br style="font-weight: bold;" /><br />If the Junior ISA is not quite the right choice for you, there are other tax efficient savings schemes for children to consider such as <a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx "><span style="font-weight: bold;">Child Tax Exempt Saving Plans</span></a> (TESPs) or Child Bonds.<span style="font-weight: bold;"></span><br /><br />Although the idea of paying back huge debts is understandably scary for many seventeen year olds - the fact that graduates will only have to start paying their loans back once they are earning above &pound;21,000 a year should not be discounted. And the fact that the loans will only be repayable if the student graduates in the first place.<br /><br />Money saving guru, Martin Lewis, speaking to students earlier in the year, said: &ldquo;Tuition fees may be trebling, but that doesn&rsquo;t mean your costs are trebling. What matters to you is not what the fees are but how much you&rsquo;re actually going to pay towards them, what your real costs will be.&rdquo;<br /><br />Speak to one of our experts today for independent financial advice on how best to manage your money and maximise your savings potential. <a href="http://www.myeggnest.com/Info/Ask-The-Expert.aspx"><span style="font-weight: bold;">Click here</span></a> for more information and how to get in touch.<br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Features-of-The-Junior-ISA.aspx http://www.MyEggNest.com/News/Features-of-The-Junior-ISA.aspx Mon, 12 Dec 2011 00:00:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;"><span style="color: rgb(0, 0, 0);">By Samrhiddi Dastidar</span><br /><br /></span></span>One of the latest programs that have been started by the coalition government in the UK is the Junior ISA which can be opened for those under the age of 18 born after 3 January 2011, or before 31 August 2002.&nbsp; The program began on 1st November this year and promises to be a big help for parents and grandparents to save for their child<br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Features of the scheme</span><br style="font-weight: bold;" /><br />The special features of the <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx#Cash%20Junior%20ISAs"><span style="font-weight: bold;">Junior ISA</span></a> is that the account can be controlled by the child, after reaching 16 years of age. The money accrued and saved is completely transferred to the individual upon reaching the age of 18 and thereafter it is automatically converted into an Adult ISA. The scheme offers tax benefits to anyone contributing to it. <br /><br />However, there is a ceiling amount of &pound;3,600 per year that can be invested into this scheme. The scheme does not attract any other form of tax which means the amount that is accumulated in the account by way of interest is paid as gross a<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Options</span><br style="font-weight: bold;" /><br />This scheme is expected to replace the <a href="http://www.myeggnest.com/Info/Child-Trust-Funds-Menu.aspx"><span style="font-weight: bold;">Child Trust Fund</span></a> (CTF) scheme in the long run. Therefore children already investing in a CTF are not allowed into the Junior ISA scheme. The child should be a resident of UK and born on or after January 3, 2011 or before August 31, 2002. mount to the individual when they are 18.<br /><br />Note of caution though, that tax rules do change with time and therefore the effect on this scheme cannot be forecasted at any time. In a similar manner the tax benefit allowance per year also is expected to rise with inflation levels in the coming year starting from 2013. <br /><br />The cash deposited could be opted to be held merely as cash in the bank. The other option is to allow for the money to be invested in <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Stocks and Shares.</span></a> However, only one account of a type can be opened for one child. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Interest-Up-on-Regular-Savings-.aspx http://www.MyEggNest.com/News/Interest-Up-on-Regular-Savings-.aspx Sun, 11 Dec 2011 00:00:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;">By A. Velasco<br /><br /></span></span>Regular savings accounts are extremely attractive products on the savings markets today, faring especially well against instant access savings accounts, which typically offer worse rates for the convenience of access to your money. <br /><br />Though times are notoriously hard for savers at the moment, it&rsquo;s still possible to get rates as high as 8% when opening a regular savings account, which requires a regular contribution each month. <br /><br />If you are looking for a children&rsquo;s savings account with flexible monthly contribution requirements, you may want to see if a <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a> is right for you.<br /><br style="font-weight: bold;" /><span style="font-weight: bold;">Slowly over time</span><br /><br />Regular savings accounts offer much better rates than instant access accounts, which only offer as much as 3.1% at the very top of the savings tables. However, a First Direct regular saver can get an impressive 8%. <br /><br />The reason why rates are often higher on regular savings accounts is because providers restrict the maximum amount that you can deposit. Typically, a regular savings account allows only as much as &pound;3,000 to &pound;3,600 each year.<br /><br />Experts note that since savers are making payments over a 12-month period rather than all at once, interest returns are not as high as savers may be expecting. <br /><br />If you are planning to save for your child, you may want to look at a <span style="font-weight: bold;"><a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a> </span>instead. It also carries a yearly limit of &pound;3,600, but your child will be able to withdraw the full amount in the account when they turn 18, without being subject to any taxes. <br /><br />Since all savings accounts have their features and drawbacks, it is important for savers to do the sums before deciding whether an instant access, regular savings, or other type of account is best. <br /><br /><span style="font-weight: bold;">Lump sum</span><br /><br />For those who already have a lump sum of money that they would like to invest, a regular savings account can be a hassle because of its cap on contributions. First Direct&rsquo;s best buy 8% account, for example, has a &pound;300 maximum limit on monthly contributions. However, keeping your lump sum in an easy access account and slowly feeding it into your regular savings account can result in higher yields each year. <br /><br />If you took a &pound;3,600 lump sum and paid it from a 3.1% instant access account into your 8% regular savings account each month, you would end up with almost &pound;100 more per year than if you left it in an account with smaller yields. <br /><br />These figures have taken 20% tax into consideration. If you are looking for a more tax efficient way to save for your child, why not take a time-tested approach by buying <a href="http://www.myeggnest.com/Info/Childrens-Savings-Bonds.aspx#Children"><span style="font-weight: bold;">Children&rsquo;s Bonds</span>. </a><br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" width="160" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Family-Investments-Launches-The-Junior-ISA.aspx http://www.MyEggNest.com/News/Family-Investments-Launches-The-Junior-ISA.aspx Sat, 10 Dec 2011 00:00:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Ameet Magan</span></span><br style="color: rgb(0, 0, 0);" /><br />Family Investments, one of the most popular Child Trust Fund providers in the UK has launched the Junior Individual Savings Account which was available from the 1st November 2011. The <a target="_blank" href="javascript:void(0);/*1323428285059*/"><span style="font-weight: bold;">Junior ISA</span></a> of Family Investments is uncomplicated, user friendly and reasonably priced having a low premium of &pound;10 per month. <br /><br />This company has also has set its obligations to the latest Junior Individual Savings Accounts as it has become the first UK company to define the particulars of its Junior ISA for children. The declaration follows affirmation of product directives set forth by the Treasury, which sets the procedure through which the providers should offer the Junior ISA. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Low monthly premium</span><br /><br />The company has also declared that the account has been open since the 1st November. It is an investment policy that has a minimum premium of &pound;10 per month. The low priced monthly premium has made it within the reach of most parents and provides entry to stock market increase over the period. <br /><br />Mr. John Reeve, the Chief Executive of the Family Investments said &ldquo;Amongst parents we know that the majority want to generate a reasonable return with 74% of the parents we surveyed saying that they wanted their kid&rsquo;s savings to outperform a cash savings account. As a result we are offering an investment Junior ISA instead of a cash account to provide the greatest potential for growth.&quot;<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Better growth opportunities </span><br /><br />While welcoming the government&rsquo;s decision to increase the annual limit of the <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a> to &pound;3,600 per year which will also affect the limit for Child Trust Funds from &pound;1,200 to &pound;3,600 per year from November 1st 2011, he opined that many parents who have very limited resources will not be capable to make most of these higher limits. <br /><br />This will go a long way to ensure that the children who are born today get the best financial asset when they reach adulthood when they need it the most.<br /> <br /> <div style="text-align: center;"><br />Comment on this subject on our <a style="font-weight: bold;" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" alt="" style="width: 179px; height: 150px;" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a href="http://www.addthis.com/bookmark.php" target="_blank" onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);"><strong><img width="160" height="24" border="0" src="http://s9.addthis.com/button2-bm.png" alt="AddThis Social Bookmark Button" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a href="http://en.wikipedia.org/wiki/Social_bookmarking" target="_blank"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" src="/uploaded/image/duckgototop.gif" alt="Chick" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Is-The-Junior-ISA-The-Ideal-Savings-Vehicle.aspx http://www.MyEggNest.com/News/Is-The-Junior-ISA-The-Ideal-Savings-Vehicle.aspx Fri, 09 Dec 2011 10:47:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Samrhiddi Dastidar</span></span><br /><br />There are many people who have questioned about the viability of the Junior Individual Savings Accounts that has been launched recently by the Government. But now doubts have been expressed whether the <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx#Cash%20Junior%20ISAs"><span style="font-weight: bold;">Junior ISA</span></a> will be an ideal vehicle for the future of children or whether parents should consider other options too. <br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Purpose of the Junior Individual Savings Account</span><br style="color: rgb(0, 0, 0);" /><br />The intention of the Government in launching the Junior ISA, a tax free savings accounts for children is actually to plug in the gap that was created after the scrapping of the Child Trust Funds, in its bid to save over half a billion pounds each year spent on bonus.<br /><br />According to Mr. Mark Hoban, the Financial Secretary of the Treasury, the Junior ISA will be similar to the Adult Individual Savings Accounts. The purpose of the Junior ISA is to enhance the savings culture amongst parents, relatives and family friends of children for making savings for their children.<br /><br />You may want to consider other alternatives to the Junior ISA such as the Young Saver plan, or the child tax exempt savings plan. <a href="http://www.myeggnest.com/Info/Ask-The-Expert.aspx"><span style="font-weight: bold;">Click here </span></a>to speak to an expert about your options.<br /><br />He has informed that it is a good example of a clear and simple savings product that will enable families to invest and save for their child&rsquo;s future. He added that more than six million children will benefit this year and thereafter, about 800,000 children will become eligible for opening a Junior ISA every year. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Other savings funds that can be considered</span><br /><br />However, many financial experts suggest that parents and relatives should have other options also for meeting the long, short and medium term requirement of their children. Candid Money&rsquo;s founder, Mr. Justin Modray is of the opinion that parents are not very keen on the new Junior ISA as the Government will not distribute any bonus vouchers, though it ensures tax benefits. <br /><br />In addition, there are other options of savings funds for children. The interest offered by banks and building society accounts may not be huge, but it is a good way to create a savings habit. They are useful for short term requirements also.<br /><br />Then there are the <a href="www.myeggnest.com/Info/Childrens-Savings-Bonds.aspx#Children"><span style="font-weight: bold;">Children&rsquo;s Bonus Bonds</span></a> which enables a parent to save for their child&rsquo;s future in their name. It also provides tax free interest for those children below the age of 16 and also provides additional bonus if the money is not withdrawn for 5 years. Any investment can be made from &pound;25 to &pound;3,000 per child, per issue. The capital is secure as they are backed by the Government. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" width="160" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Tuition-Fees-Cut-Criticised-by-NUS.aspx http://www.MyEggNest.com/News/Tuition-Fees-Cut-Criticised-by-NUS.aspx Fri, 09 Dec 2011 10:22:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Ameet Magan</span></span><br /><br />The announcement from the Office for Fair Access (OFFA), the government&rsquo;s watchdog on university admissions and access, that as many as a fifth of English universities are to reduce their planned tuition fees for 2012 may have been seen as something that students would welcome.<br /><br />However the move has instead angered the National Union of Students, with Liam Burns, President of the NUS, describing the move from the universities as a &lsquo;con trick&rsquo;.<br /><br />With university tuition fees raised to a maximum of &pound;9,000 per year from 2012 many parents are rightly concerned about how they or their children will be able to afford the &pound;40,000 roughly needed to get through a normal three year undergraduate programme. <br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Fee waivers a &lsquo;con trick&rsquo;</span><br style="color: rgb(0, 0, 0);" /><br />The introduction of the Junior ISA in November allows parents to build up a tax free savings pot, which can be used to pay for future expenses such as university fees. Family Investments are one amongst many savings providers to have introduced their own <a target="_blank" href="http://track.omguk.com/?AID=3886&amp;MID=1209&amp;PID=8774&amp;CID=3424152&amp;WID=31384"><span style="font-weight: bold;">Junior ISA</span></a> allowing parents to save as much as &pound;3,600 a year tax free.<span style="font-weight: bold;"></span><br /><br />The anger from the NUS comes from the fact that the majority of universities cutting their fees are doing so through so called &lsquo;fee waivers&rsquo; and not through an increase in the number of bursaries offered to students. Burns said: &quot;Fee waivers help the Treasury, who have to spend less on loans, but are of no benefit to students whatsoever.&rdquo;<br /><br />If you would like to learn more about the Junior ISAs available from different savings providers, our <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx "><span style="font-weight: bold;">Junior ISA comparison table</span></a> gives you a quick and easy to understand guide to the different Junior ISAs on the market.<br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Majority of students won&rsquo;t benefit</span><br style="color: rgb(0, 0, 0);" /><br />Martin Lewis, the financial planning expert, agreed that the cuts to fees being proposed did not benefit the majority of students, saying: &quot;They lose out on the real cash they could've got in the form of bursaries. In financial terms, the real winners from switching bursaries to fee waivers are those who can afford to pay upfront, higher-earning graduates and of course the government debt book.&quot;<br /><br />Whilst fee waivers will ensure that students need to borrow less for a place at university, they do not provide actual financial support but a reduction of future fees which are hypothetical until the student starts earning above a certain amount - once they are in employment. As Sir Martin Harris from OFFA said: &quot;Bursaries are money in a student's pocket now whereas fee waivers reduce a loan that some students may not need to repay in full.&rdquo;<br /><a href="http://www.myeggnest.com/Info/Ask-The-Expert.aspx"><br /><span style="font-weight: bold;">Click here</span></a> to ask one of our experts about Junior ISAs, Young Saver's Plans and other savings vehicles. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" width="160" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Making-the-Most-of-Your-Contributions.aspx http://www.MyEggNest.com/News/Making-the-Most-of-Your-Contributions.aspx Fri, 09 Dec 2011 10:12:00 GMT <span style="font-weight: bold; color: rgb(0, 0, 0);"><span style="font-style: italic;">By A. Velasco</span></span><br /><br />Since the launch of the new Junior ISA, an estimated six million children have been able to enjoy similar tax breaks to their parents. This is because the Junior ISA works similarly to an adult Individual Savings Account, and allows you to save towards a cash lump sum that is not subject to income or capital gains tax. <br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Tax free savings</span><br /><br />The <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a> is set to have a yearly limit of &pound;3,600 on contributions. While this can go far towards saving for your child&rsquo;s education or future investments, many parents want more outlets to save. <br /><br />This is wise, as children can earn up to &pound;7,475 in income from their investments before tax is applied. This means that most children, unless they are very wealthy or save large sums directly from their parents, will not be subject to tax. <br /><br />Many companies offer the new account, and Family Investment's offer their own Junior ISA which is available to children under the age of 16, and then after that they can manage their own account. <a href="http://track.omguk.com/?AID=3886&amp;MID=1209&amp;PID=8774&amp;CID=3424152&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Click here</span></a> for more information.<br /><br />Families may also want a more accessible way to save, as the Junior ISA locks away your investment until your child&rsquo;s 18th birthday. Instant access savings accounts and regular savings accounts offer as much as 3% interest, while regular savings accounts can earn you as much as 8%. It is important to note that the latter requires a certain amount in contributions each month, and may levy fees or penalties if you cannot meet the minimum requirements.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Parents&rsquo; haven</span><br /><br />While the Junior ISA limits yearly contributions, it&rsquo;s main feature is the ease with which parents can now give to their children. Without a Junior ISA, children can only make &pound;100 per year in interest from their parents&rsquo; gifts before being taxed. The new scheme allows them to collect the full value of their parents&rsquo; nest egg without any levies. <br /><br />The compounded interest over time means that earlier savers will get the best results. Financial experts at Hargreaves Lansdown have predicted that even without reaching the cap on contributions, children stand to come into a substantial amount of money with the help of a Junior ISA. Just &pound;3,000 per year, over 18 years, could give your child a whopping &pound;95,730 as an 18th birthday present. <br /><br />There are also savings options that complement the Junior ISA, such as the <a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, which allows up to &pound;25 in contributions. <br /><br />Another tip for making the most out of your Junior ISA is to carefully consider which type you would like to invest in. While cash Junior ISAs offer safety and security, stocks and shares accounts are tied to the market and often offer a better rate of return overall. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" width="160" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/The-Pros-and-Cons-of-the-Junior-ISA.aspx http://www.MyEggNest.com/News/The-Pros-and-Cons-of-the-Junior-ISA.aspx Fri, 02 Dec 2011 12:30:00 GMT <span style="font-weight: bold; font-style: italic; color: rgb(0, 0, 0);">By Rajan Chagger</span><br style="font-weight: bold; font-style: italic; color: rgb(0, 0, 0);" /><br />The new Junior Individual Savings Accounts for children has been launched by the Government from the 1st November this year. This product is a fresh, new tax saving scheme for children and will replace the old Child Trust Fund system. <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;"></span></span><br /><br />Saving is difficult at the best of times, no matter how much you try. Our<a href="http://www.myeggnest.com/info/Holiday-Budget-Tips.aspx"> <span style="font-weight: bold;">money saving tips</span></a> section will help you organise your savings and give you tips on the best waay to save. <br /><br />It has been a concept for long that savings for children is a good way for ensuring the financial condition of children when they reach adulthood. Most parents and relatives of a child want to build up cash net for their child for their future requirement for higher education fees, deposits for their first home or car after they reach 18. <br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Concept of long term savings</span><br /><br />Most economists and politicians think that the concept of promoting long term savings is good for a country whose economy is already reeling under spiraling debts. Through long term savings, the financial condition of a country benefits from the influx of money.<br /><br />Though most think positively about long term savings for children, the tax authorities are not keen on the idea that parents will be able to avoid paying tax by using and operating their children&rsquo;s savings accounts.<br /><br />However, in both CTF and <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a> this handicap is circumvented to a great extant as parents have no control over the money as they are not allowed withdrawing it. Only the children can withdraw the money after reaching the age of 18, when the money becomes their own legally.<br /><br />The positive side is that it ensures long term tax saving products for children, while the negative side is that it is not flexible as you cannot access the money if it is required earlier, and when it becomes available, it becomes the child&rsquo;s money, and they can spend it without the consent of the parents.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Conclusion</span><br /><br />Many JISA providers have started their advertising drive to draw the investors for investing in their products. There are both the investment and savings versions and parents can choose the one they think will prove to be the best and generate good long term results.<br /><br />Family investments Junior ISA is a savings plan which allows you to save tax free for your child. It lets any relative add to the savings account creating a lump sum for when your child turns 18. For more information <a href="http://track.omguk.com/?AID=3886&amp;MID=1209&amp;PID=8774&amp;CID=3424152&amp;WID=31384" target="_blank"><span style="font-weight: bold;">click here.</span></a><br /><br />However, there will always be the risks of inflation that will erode the purchasing and spending power over a long period of time. Again those who have already invested earlier in the CTF will be left in a lurch as providers of CTF will no longer feel the requirement to offer a competitive deal. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Only-Rich-Will-Benefit-From-Junior-ISA.aspx http://www.MyEggNest.com/News/Only-Rich-Will-Benefit-From-Junior-ISA.aspx Fri, 02 Dec 2011 12:15:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Samrhiddi Dastidar</span></span><br /><br />Many experts are of the opinion that the not so well off children will be losers after the introduction of the new <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior Individual Savings Accounts</span></a> scheme, as only the wealthy children will benefit from it, because the Government will not provide the parents any incentive that was earlier provided to the old CTF holders. <br /><br />Under the old Child Trust Fund scheme, every newly born baby was given a &pound;250 bonus voucher. But now with the launch of the Junior Individual Savings Accounts with effect from the 1st November, the Government has decided to discontinue with the contribution to the JISA from the launch date.<br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Little choice for those having low to medium earnings</span><br /><br />As per the study conducted by the Institute for Public Policy Research, this sudden decision of the Government to discontinue the incentive will leave all the middle and lower earners without any impetus to start the JISA for their children.<br /><br />This on the other hand will mean that the Government has in fact helped the rich at the expense of those who are in need of real financial head start in their life if the majority of the low earners shun the new JISA.<br /><br />The advancement of new children&rsquo;s savings products, such as the <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Savers Plan</span></a>, means that families have more flexible ways of saving. This plan offers the ability to save anywhere from &pound;7.50 to &pound;100 per month to ensure that all families can benefit from its tax-effective structure. <br /><br />This decision of the Government has drawn immense criticism and concern from all sections, because only a few providers will be interested in launching the new JISA if the decision is not rolled backed. Consequently the low earning parents will have little choice in the near future.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Sorry state of affairs</span><br /><br />Many believe that the Government is responsible for the sorry state of affairs. Earlier between 2002 and 1st January this year more than 6 million children who were born in-between these periods, received the &pound;250 voucher that was saved in the CTF. But now it has been replaced by the JISA.<br /><br />Though tax-free interest on cash accounts and tax-free investment growth for stocks and shares accounts are available there will be no Government contribution or bonus. <br /><br />If you are interested in opening a savings account for your child but don't know where to start, simply <a href="http://www.myeggnest.com/Info/Ask-The-Expert.aspx"><span style="font-weight: bold;">click here</span></a> to speak to one of our friendly experts who will be happy to help you find the right savings plan for you.<br /><br />According to Nick Pearce, Director, IPPR, steps have not been taken to lure those families with low income for opening an account. The JISA will take some time before it really works as the Government is not providing any initial bonus voucher for starting the account. Therefore, low and middle earner families may feel that they cannot afford to open a JISA. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Big-Drop-in-University-Applications.aspx http://www.MyEggNest.com/News/Big-Drop-in-University-Applications.aspx Fri, 02 Dec 2011 12:02:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Ameet Magan</span></span><br /><br />New research from UCAS (Universities and Colleges Admissions Service) shows a significant fall in the number of applicants for degree courses starting in 2012 compared with the number of applicants in 2011. <br /><br />The data shows there were 133,357 applicants for 2012, 23,000 fewer than applied last year. The figures also reveal a sharp drop in the number of EU applicants, who will have to pay the same huge tuition fees as British students, to British universities for 2012.<br /><br />Parents in England are coming to terms with the fact that sending their children to university may cost them as much as &pound;50,000 per child when tuition fees are added to all the other costs and expenses of Higher Education. <br /><br />Many are making long term saving plans such as investing in the newly launched <a target="_blank" href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a> , to ensure their children receive a competitive education.<br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Extortionate Fees </span><br /><br />Next year sees the introduction of university tuition fees of up to &pound;9,000 a year in England, Scotland, Wales and Northern Ireland. However, whilst the governments of the other Home Nations will subsidise Higher Education costs for their own students, no such financial support will be provided to English Students from their own government.<br /><br />UCAS have said that they expect a &ldquo;possible late surge&rdquo; in the number of applicants as January&rsquo;s deadline draws nearer, and Universities Minister, David Willets has declared that it is too soon to start making forecasts about demand for degree courses in 2012.<br /><br />However it is clear that the new system of tuition fees and the negative press surrounding the issue has seen a drop in university applicants for next year.<br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">&ldquo;Disastrous Education Reforms&rdquo;</span><br /><br />The Junior ISA is a tax free savings account which was launched in November as a replacement to Child Trust Funds. It allows parents to save up to &pound;3,600 a year tax free, and the funds can only be accessed once the child account holder has turned eighteen, allowing a potentially significant nest egg to build up over that time. <br /><br />Family Investment is one saving provider amongst many who have launched their own Family Investment <a target="_blank" href="http://track.omguk.com/?AID=3886&amp;MID=1209&amp;PID=8774&amp;CID=3424152&amp;WID=31384."><span style="font-weight: bold;">Junior ISA </span></a>.<br /><br />The President of the NUS (National Union of Students), Liam Burns spoke out against the rise in tuition fees: &ldquo;Ministers need to take responsibility for their disastrous education reforms and admit that, regardless of the final application numbers, the behaviour of prospective students will be affected by the huge rise in fees.&rdquo;<br /><br />There are other tax free saving alternatives to the Junior ISA, designed specifically to save for children, and to be tax free or tax efficient. These include <a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plans</span></a>, known as Child TESPs and also the Junior Bond, which are both offered by many Friendly Societies. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Parents-spending-childrens-college-fund.aspx http://www.MyEggNest.com/News/Parents-spending-childrens-college-fund.aspx Thu, 01 Dec 2011 10:51:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Samrhiddi Dastidar</span></span><br style="color: rgb(0, 0, 0);" /><br />Parents are increasingly dipping into savings set aside for their children&rsquo;s university educations to pay for their daily living costs due to the difficult economic condition the country is in.<br /><br />Across Britain, individuals and families are at financial breaking point and are taking drastic action just to stay afloat. This includes parents who have been setting aside money for their kids higher education needs for years, who find that today&rsquo;s financial pressures means they have to choose between being able to survive today or providing for their sons&rsquo; and daughters&rsquo; futures.<br /><br />Parents are looking at ways to ensure a better return on the reduced amount they can afford to save and many are turning to tax free accounts aimed at children such as the <span style="font-weight: bold;"><a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a> </span>which allows you to save for your child until they reach 18, where they will recieve a lump sum for them to spend on whatever they wish.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Parents struggling </span><br /><br />A recent survey from asset management firm Schroders found that a small but significant portion of the parents they questioned (six per cent) had recently spent money which had previously been earmarked and set aside for future university fees and costs.<br /><br />Nikki Hart from leading online news hub FinanceNews.co.uk said: &quot;This is a concerning amount of people digging into their children's savings. It may be understandable if parents are struggling to make ends meet, but luxuries such as a holiday or car taking precedence over children's education should be avoided wherever possible.&quot;<br /><br />If you would like to start savings for your child, but don't know what to start, speak to one of our independent financial advisors to find out which savings vehicle may be he best option for you. Simply <a href="http://www.myeggnest.com/Info/Ask-The-Expert.aspx"><span style="font-weight: bold;">click here</span></a> to find out more.<br /><br />Over half of the parents who had dipped into their children&rsquo;s university funds (59 per cent), said they had done so out of necessity due to the rapidly rising cost of living. However almost one in five (19 per cent) had used the money to pay for holidays and fifteen per cent had bought a car with their savings.<br /><br />The study from Schroders also revealed that less than a quarter of the parents questioned had actually set aside something towards university costs in the first place, so the data makes for worse reading than might first be thought.<br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Parents must save smart</span><br /><br />Nikki said &quot;Early contributions to a Child Trust Fund, <a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a> or Junior ISA can help cover a significant amount of future higher education costs &ndash; even with the new increase in tuition fees &ndash; giving your child a future full of opportunity.&quot;<br /><br />Further education and private education is a huge industry in Britain with more than &pound;12.4 billion spent every year on school and university fees together with private tuition and college fees. Often young people&rsquo;s education costs are met by their parents or families; however with increasing tuition costs many students are turning to student or bank loans to fund their costs. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" border="0" width="160" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" cellspacing="1" cellpadding="1" border="0" align="right" width="83" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Tuition-Fee-Refugees.aspx http://www.MyEggNest.com/News/Tuition-Fee-Refugees.aspx Thu, 01 Dec 2011 10:23:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;"><span style="color: rgb(0, 0, 0);">By Rajan Chagger<br /><br /></span></span></span>The huge rise in university tuition fees from 2012 may see families in England moving to Scotland and Wales in a bid to escape the crippling costs of sending their children on to Higher Education. <br /><br />In an effort to be able to send their children to university, many parents are considering investing in long term tax free savings accounts aimed specifically at children, such as the <a style="font-weight: bold;" href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a>, which allows up to &pound;3,600 to be saved tax free each year. One saving provider to offer their own Junior ISA is <a target="_blank" href="http://www.familyinvestments.co.uk/junior-isa/Overview/"><span style="font-weight: bold;">Family Investment</span></a>.<br /><br />A study by the Government&rsquo;s Higher Education Funding Council for England has found that many families living in England may be forced into becoming &ldquo;fee refugees&rdquo;, having to uproot from their homes for the sake of their children&rsquo;s education.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">English students to pay &pound;9,000 per year</span><br /><br />It&rsquo;s felt that many parents who live close to the borders of Wales and Scotland may be tempted to move across the border to escape prohibitive tuition fees in England.<br />From 2012, universities in all four British Nations will be able to charge up to &pound;9,000 a year in fees &ndash; meaning that many parents will be paying tens of thousands of pounds to give their children the university education which has become the norm.<br /><br />However, the devolved governments&rsquo; of Scotland and Wales have both pledged to substantially subsidise students from within their own borders, meaning huge discrepancies between the costs for English students (who will receive no such support from their government) and their Scottish and Welsh colleagues.<br /><br />If you are concerned about the rise university fees and how best to manage and save your resources towards sending your children to university, <a href="http://www.myeggnest.com/Info/Ask-The-Expert.aspx"><span style="font-weight: bold;">click here</span></a> to speak to one of our independent financial experts.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Huge discrepancies </span><br /><br />Parents who make the move north of the border may save a staggering &pound;36,000 for each child they put through university, because of the sharply diverging policies of the Welsh and Scottish governments compared to the British Government. However it was claimed that large scale internal immigration within Britain could have &ldquo;distortive effects on local economies and housing markets&rdquo;, adversely affecting those areas.<br /><br />As well as the newly launched Junior ISA, there are several alternative tax free saving accounts aimed at children, including the Junior Bond and the <a style="font-weight: bold;" href="www.myeggnest.com/info/Unit-Trust-for-Children.aspx">Child Bond</a>, both offered by Friendly Societies.<br /><br />However with such discrepancies between fees in the different nations, it&rsquo;s no surprise that many parents and families are considering moving. A year&rsquo;s tuition fees could cost &pound;9,000 for an English student but a Welsh Student will pay no more than &pound;3,465 a year because of subsidisation from their government, whilst Scottish undergraduates can enjoy the advantage of no tuition fees to pay whatsoever and receive a completely free university education. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" border="0" width="160" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" cellspacing="1" cellpadding="1" border="0" align="right" width="83" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Cash-or-Stocks-and-Shares-JISA.aspx http://www.MyEggNest.com/News/Cash-or-Stocks-and-Shares-JISA.aspx Thu, 01 Dec 2011 10:15:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;">By Ameet Magan</span></span><br /><br />November saw the launch of the long anticipated Junior ISA, and for those parents thinking of applying to open one of the new tax free savings accounts for their children, the question is whether to go for the stocks and shares version or the cash only <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA.</span></a><br /><br />Saving into a cash ISA gives a security to your investment that the stocks and shares version can&rsquo;t guarantee. However, investing into a stocks and shares Junior ISA can be extremely tempting as the returns can be far greater than saving cash, and in the long run (and a Junior ISA is certainly a long term investment &ndash; potentially up to eighteen years) investing in the market nearly always gives a better return than saving the same capital.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Child TESPs</span><br /><br />There are several alternatives to the Junior ISA, if you&rsquo;re looking for tax free savings accounts aimed at child saving. The <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank" style="font-weight: bold;">Child Tax Exempt Savings Plan</a> (TESP) is offered by Friendly Societies, and can be held alongside Child Trust Funds or Junior ISAs, which means that if your child already has one of these tax free savings accounts opened in their name, you can still open a TESP for them.<span style="font-weight: bold; color: rgb(0, 0, 0);"></span><br /><br />However the stock market can go down as well as up and the new financial uncertainties mean that many have been put off investing into an increasingly unpredictable and volatile stock market. Either way if you were able to save &pound;300 per month into a Junior ISA, your child would be left with a healthy financial legacy once they turned eighteen. <br /><br /><span style="font-weight: bold;">Stocks and shares or cash?</span><br /><br />With a cash Junior ISA, investing &pound;300 a month and earning an average of 3%, you would be left with around &pound;85,000 after eighteen years. With a stocks and shares Junior ISA, you could potentially double you interest, and could be left with a substantially larger savings pot once your child reaches eighteen. But there is always the chance the market could leave you rueing your faith in it and wishing you&rsquo;d stuck to steady saving. <br /><br />Other alternatives to the Junior ISA, include the Junior Bond and the Child Bond, both offered by Friendly Societies and both offering tax efficient saving allowing parents to build up a substantial nest egg for their children once they turn eighteen.<br /><br />Most TESPs allow &pound;25 per month of tax free contributions. However the Shepherds <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Saver Plan</span></a> offered by Shepherds Friendly, allows parents to make tax free contributions anywhere from &pound;7.50 to &pound;100 per month, allowing them to vary their monthly tax free savings depending on their month to month financial considerations.<br /> <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" border="0" width="160" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" cellspacing="1" cellpadding="1" border="0" align="right" width="83" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/High-Earning-Families-Feeling-University-Squeeze.aspx http://www.MyEggNest.com/News/High-Earning-Families-Feeling-University-Squeeze.aspx Tue, 29 Nov 2011 13:52:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Ameet Magan</span></span><br /><br />A new survey from ING has revealed that the group who have seen their savings hit hardest during the current economic troubles are high earning individuals in middle age. Those between the ages of 35 and 54 who have an income above &pound;47,000 a year have seen an average fall in their savings of more than a third in the last quarter.<br /><br />Family investments Junior ISA is a great way to save for your child tax free. For more information on how much money you could save and the services they offer, simply <a href="http://www.familyinvestments.co.uk/junior-isa/Overview/"><span style="font-weight: bold;">click here.</span></a><br /><br />&nbsp;They&rsquo;ve seen their savings pot reduced from &pound;5,570 to &pound;3,631 in the last three months. ING Direct&rsquo;s Consumer Monitor reported that this fall was three times faster than the national average. The factors leading to individuals and families dipping into their savings are varied, but the biggest reason is the increasing and inflationary rise in the prices of everyday items and necessities.<br /><br />&nbsp;The surging costs of basic essentials such as food, fuel and energy, have hit lower income and middle income families very hard &ndash; add to that the rising number of people out of work, it&rsquo;s easy to see why savings are being depleted at an alarming rate.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Rising Education Costs</span><br /><br />A significant chunk of most families&rsquo; monthly budgets go on childcare and other child costs. With the introduction of huge university tuition fees from 2012, parents have an additional squeeze on their incomes &ndash; how to save the roughly &pound;50,000 needed to put a child through university on a standard three year undergraduate programme?<br /><br />Shepherds <a style="font-weight: bold;" target="_blank" href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384">Young Saver Plan</a> is the one TESP which allows more than &pound;25 tax free savings per month, and allows tax free contributions from &pound;7.50 - &pound;100 allowing parents more flexibility to save at their own pace.<br /><br />Despite a squeeze on savings many parents are choosing to put whatever extra money they have into child tax free savings schemes, such as the Junior ISA, which potentially allows up to eighteen years of tax free savings, which the child has access to once they reach eighteen.<br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Eleven Percent Drop in Savings</span><br /><br />Across the board savings fell by an average of 11% in the third quarter of 2011. The average earning individual, with a salary of &pound;15,791 now has just over &pound;1,500 in savings, which amounts to 35 days pay. Since ING began their Consumer Monitor at the start of 2009, this is the smallest average savings fund recorded by the tracker.<br /><br /><a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx "><span style="font-weight: bold;">Child Tax Exempt Savings Plans</span></a> (TESPs) are another tax efficient savings product aimed at securing a nest egg for children once they turn eighteen. They allow parents and friends to contribute up to &pound;25 per month tax free. <br /><br />The report from ING suggests that middle aged (35-54) individuals who earnings are in the higher income category have been hit harder by rising costs than other groups. Many for the first time are anxiously considering how they will send their kids to university Chief Executive of ING Direct, Richard Doe said, &ldquo;the figures tell us that proportionally, it is mid-life parents who are losing out to the greatest degree&quot;. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Start-Early-For-Your-Childs-Future.aspx http://www.MyEggNest.com/News/Start-Early-For-Your-Childs-Future.aspx Tue, 29 Nov 2011 12:18:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Samrhiddi Dastidar</span></span><br /><br />The Junior Individual Savings Account has recently been launched by the Post Office. This account can be opened by all the guardians and parents on behalf of their minor children who are under the age of 16 years. <br /><br />There is no hard and fast requirement of minimum age of a child, for opening this account. It is designed to save for the future of a child in an efficient manner which will provide them financial support when they attain the age of 18 years and step into adulthood.<br /><br />The <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior Individual Savings Accoun</span>t</a> is actually an investment Individual Savings Account of the Post Office. Customers get the opportunity of growth in their savings fund as their savings are invested in shares, stocks and other fixed interest investments. The upper ceiling for making an annual investment is &pound;3,600.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">How to open the account</span><br /><br />You have the facility of opening an account by regular direct debit that can be as low as &pound;10 in a month. Relatives and friends can also contribute to the account. The account can also be opened by making a lump sum deposit of &pound;500 or more. After an account is opened, anybody can make a deposit either through cheque, bank transfer or by direct debit. <br /><br />The advancement of new children&rsquo;s savings products, such as the <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384"><span style="font-weight: bold;">Young Savers Plan</span></a>, means that families have more flexible ways of saving. This plan offers the ability to save anywhere from &pound;7.50 to &pound;100 per month to ensure that all families can benefit from its tax-effective structure. <br /><br />Richard Norman, Director of Savings and Investments of the Postal Organization has said that the Junior Individual Savings Account is a wonderful way for making savings for the future of a child. Once a child reaches the age of 18, the funds from the account can be used for paying the tuition fees, making part payment for his car or even booking an apartment. <br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Additional investment schemes</span><br style="font-weight: bold;" /><br />The Post Office is also launching an investment ISA in place of the cash ISA, because it has been proved time and again that investments made in shares and stocks in a long term basis is much more profitable than cash investments that brings in interest. <br /><br />Another alternative to the Junior ISA is the <a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, which can be held in addition to a Junior ISA or Child Trust Fund, and is available from friendly societies. <br /><br />The Junior Individual Savings Account is actually a long term investment plan up to an 18 year term, which depends on the age of the child when the account is opened. The Post Office has also launched its third issue of the Inflation Linked Bond which will protect those who want to make long term savings, from inflation. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Start-Early-For-Your-Childs-Future.aspx http://www.MyEggNest.com/News/Start-Early-For-Your-Childs-Future.aspx Tue, 29 Nov 2011 09:44:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Samrhiddi Dastidar</span></span><br /><br />The Junior Individual Savings Account has recently been launched by the Post Office. This account can be opened by all the guardians and parents on behalf of their minor children who are under the age of 16 years. <br /><br />There is no hard and fast requirement of minimum age of a child, for opening this account. It is designed to save for the future of a child in an efficient manner which will provide them financial support when they attain the age of 18 years and step into adulthood.<br /><br />The <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior Individual Savings Accoun</span>t</a> is actually an investment Individual Savings Account of the Post Office. Customers get the opportunity of growth in their savings fund as their savings are invested in shares, stocks and other fixed interest investments. The upper ceiling for making an annual investment is &pound;3,600.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">How to open the account</span><br /><br />You have the facility of opening an account by regular direct debit that can be as low as &pound;10 in a month. Relatives and friends can also contribute to the account. The account can also be opened by making a lump sum deposit of &pound;500 or more. After an account is opened, anybody can make a deposit either through cheque, bank transfer or by direct debit. <br /><br />The advancement of new children&rsquo;s savings products, such as the <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384"><span style="font-weight: bold;">Young Savers Plan</span></a>, means that families have more flexible ways of saving. This plan offers the ability to save anywhere from &pound;7.50 to &pound;100 per month to ensure that all families can benefit from its tax-effective structure. <br /><br />Richard Norman, Director of Savings and Investments of the Postal Organization has said that the Junior Individual Savings Account is a wonderful way for making savings for the future of a child. Once a child reaches the age of 18, the funds from the account can be used for paying the tuition fees, making part payment for his car or even booking an apartment. <br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Additional investment schemes</span><br style="font-weight: bold;" /><br />The Post Office is also launching an investment ISA in place of the cash ISA, because it has been proved time and again that investments made in shares and stocks in a long term basis is much more profitable than cash investments that brings in interest. <br /><br />Another alternative to the Junior ISA is the <a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, which can be held in addition to a Junior ISA or Child Trust Fund, and is available from friendly societies. <br /><br />The Junior Individual Savings Account is actually a long term investment plan up to an 18 year term, which depends on the age of the child when the account is opened. The Post Office has also launched its third issue of the Inflation Linked Bond which will protect those who want to make long term savings, from inflation. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/The-Flexible-Vehicle-to-Build-Your-Childs-Wealth.aspx http://www.MyEggNest.com/News/The-Flexible-Vehicle-to-Build-Your-Childs-Wealth.aspx Fri, 25 Nov 2011 12:53:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Rajan Chagger</span></span><br /><br />The Junior Individual Savings Accounts was launched on November 1st, to encourage people to save money for their loved ones. About six million children are eligible to participate in the Junior ISA. There are basically two classifications of ISAs, the cash ISAs and the Investment ISAs, popularly known to be the stocks and shares ISAs. <br /><br />They were launched probably to replace the Child Trust Fund, and the Junior ISA is a tax-free wrapper that UK individuals can obviously utilize in order to save cash or to invest in shares and stocks up to a yearly limit and enjoy the benefits from it.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Highlights of the JISA:</span><br /><br style="font-weight: bold;" /><span style="font-weight: bold;">&bull; <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISAs</a></span><a href="javascript:void(0);/*1322225285368*/"> </a>enable the parents and the guardians to invest up to &pound;3,600 per year for tax free. In case of this amount of investments per year at an interest rate of five per cent on average, the fund would develop to a lump sum amount of around &pound;123,000 approximately, by the time the kid attains the age of 18.<br /><br />&bull; Each child is able to invest in both cash and a shares and stock account or even switch and transfer funds between the two. AIC has reached a conclusion that about 43% of the guardians are willing to opt for the Investments JISA for their child, as they want exposures to stock or shares. <br />New offers being provided by the JIAs for benefiting the little ones<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Who is offering?</span><br /><br />An alternative to the Junior ISA is the <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, which also allows you to save tax free for your child and they typically allow contributions of up to &pound;25 a month tax-free<br /> <br />Presently, the Nationwide Building Society too has come up with its new Smart Junior Cash ISA which was launched on Tuesday, 1st November 2011.The Nationwide's Smart Junior ISA tends to an overall rate of 3.00% AER tax-free (variable), along with an introductory fixed bonus of 0.90% facilitated till 31st of October 2013, while the Skipton Building Society new Junior ISA pays 3.00% tax free pa/AER.<br /><br />Best invest also have a Junior ISA that tends to offer a discount around &pound;300 to all the guardians in the form of a cash back policy that is being offered specifically to every parent applying within 30th of November 2011. <br /><br />The <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Saver Plan</span></a> from Shepherd&rsquo;s Friendly is a great way to invest in your child&rsquo;s future. You can save between &pound;7.50 and &pound;100 a month for your child. <br /><br />In spite of being into certain doubts pertaining to the removal of government cash given to all parents opening a child trust fund, the parents are likely to get subjected to confusions regarding opening junior ISA, and the efficiency of it. <br /><br />However, this innovative and flexible product still offers the children an unparalleled opportunity to earn a large tax-free amount by the time they attain adulthood, though they are free to operate their own CIF accounts from the age of 16. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" width="160" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Halifax-Has-Launched-Its-Junior-ISA.aspx http://www.MyEggNest.com/News/Halifax-Has-Launched-Its-Junior-ISA.aspx Fri, 25 Nov 2011 12:36:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Sophia Start</span></span><br /><br />Halifax has launched its <a href="http://www.myeggnest.com/info/Stocks-and-Shares-Junior-ISA.aspx"><span style="font-weight: bold;">Junior Stocks &amp; Shares ISA</span></a> on 18th November. This is a straightforward and simple fund that is designed to follow the path of the FTSE 100 Index. Those who are subscribers to the fund are enabled to top up and assess their deposits online also. <br /><br />During the launch of the product, Simon Kenyon, Director of the Halifax Savings and Investments has informed that the company is supporting the decision of the Government to provide some tax benefited savings fund for the children. As such schemes will enable many families all over the country to make some savings for their children, safe with the knowledge that they will have the right to gain access into the savings account after they attain the age of 18. <br /><br />The children will get a head start when they require adequate finances during the initial stage of their adulthood through the Halifax Junior Stocks &amp; Shares Individual Savings Account. <br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Special Features</span><br /><br />Most parents will be able to fund the university education of their children through the Junior Individual Savings Account. By making investments, parents will be happy with the knowledge that they are contributing towards the university fees of their child. <br /><br />An efficient and simple alternative to the Junior ISA is the <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, which can be held in addition to a Junior ISA or Child Trust Fund, and is available from friendly societies. <br /><br />In other cases the Junior Individual Savings Account is a perfect way to make savings for a child to get a head start in life when they reach adulthood. This is more so as they can make a deposit for their first home through the JISA.<br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Tax benefits</span><br style="color: rgb(0, 0, 0);" /><br />The minimum opening balance for the account is &pound;20, while the maximum deposit each year is <br />&pound;3,600. There is an annual fund maintenance charge of 1%. A great benefit of this scheme is that it will mature into an Adult Investment Savings Account as soon as the child reaches the age of 18 years, if it has not been withdrawn. It will be free from capital gains and income tax. <br /><br />Another tax free savings vehicle is Shepherd&rsquo;s Friendly <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384"><span style="font-weight: bold;">Young Saver Plan</span></a>, it allows you to save between &pound;7.50 and &pound;100 a month tax free.<br /><br />An additional benefit is for those children who are 16 years and have a Junior Stocks &amp; Shares ISA also, they can make simultaneous investments in an Adult Cash Investment Savings Account. This feature allows them to get the benefit of tax-efficient savings on both the accounts up to the age of 18 years. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" width="160" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Find-Out-Other-Options.aspx http://www.MyEggNest.com/News/Find-Out-Other-Options.aspx Fri, 25 Nov 2011 12:25:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Samrhiddi Dastidar</span></span><br style="color: rgb(0, 0, 0);" /><br />Many companies have introduced the Junior Individual Savings Accounts after the decision of the Government to enhance the annual contribution ceiling from &pound;3000 to &pound;3600. This has made the <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a> a huge success, and consequently there has been a marked increase in the demand for more such products which will enable the parents to make plans for securing their children&rsquo;s future. <br /><br />This has been highlighted by Mr. Colin Lawson, Managing Partner of the Equilibrium Asset Management, a company that develops investment plans for children.<br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Other alternatives</span><br /><br />Mr. Colin informed that today making savings in piggy banks is no longer popular as people are now seeking help for making plans for the future of their child right from the early stage. There are many investment opportunities designed for children which are flexible too. This implies that the savings that you are making for your child is not required to be locked in, till the child attains the age of 18. Now you can make savings for school trips or fees also.<br /><br />He has also informed that one alternative in such cases is to open a savings portfolio composed of shares and stocks or to purchase tax free child bonus bonds from the National Savings and Investments which pays a handsome bonus every five years, till the child attains the age of 21.<br /><br />The advancement of new children&rsquo;s savings products, such as the <a href=": http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Savers Plan</span></a>, means that families have more flexible ways of saving. This plan offers the ability to save anywhere from &pound;7.50 to &pound;100 per month to ensure that all families can benefit from its tax-effective structure. <br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Savings for all category of the society</span><br style="font-weight: bold;" /><br />He also advised that parents can also subscribe to a pension fund that offers tax benefits on the contributions. Many clients of his company have subscribed to such pension funds and a few children even have bigger pension pots than what their parents have.<br /><br />Mr. Allan Maxwell, Director of the Corporate Benefits Consulting, Glasgow has said a good option would be to turn to societies which are friendly. This means that small savings could be put in some friendly society pot and avail the tax relief also. <br /><br />Another alternative to the Junior ISA is the <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, which can be held in addition to a Junior ISA or Child Trust Fund, and is available from friendly societies. <br /><br />Mr. Maxwell informed that most of the parents and guardians desired to give or leave something for their children. But he regretted that most of the savings schemes for children are targeted to the wealthy sections of the society. He emphasized that some reasonable solutions for those who are not so well off should also be found out, as most of the times their interests are overlooked. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" width="160" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Providers-Quick-To-Launch-Junior-ISA-Products.aspx http://www.MyEggNest.com/News/Providers-Quick-To-Launch-Junior-ISA-Products.aspx Thu, 24 Nov 2011 13:09:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;">By Ameet Magan</span></span><br /><br />The launch of the Junior ISA at the start of November has seen a host of saving providers introduce their own version of the tax free savings account, and the emergence of a competitive market in the new product as building societies and banks compete to gain customers in the new market. <br /><br />Despite the fanfare surrounding the new Junior ISA, there are other tax free savings accounts available which are aimed at children. Speak to one of out experts to find out more about your options<br /><br />Consider <a style="font-weight: bold;" target="_blank" href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Child Tax Exempt Savings Plans (TESP)</a> as an alternative to the Junior ISA. They are offered by Friendly Societies and allow up to &pound;25 per month tax free saving.<br /><br style="font-weight: bold;" /><span style="font-weight: bold;">No Govt contributions with JISA</span><br /><br />The government announced the new tax free savings scheme over a year ago and the last Child Trust Fund vouchers were issued at the end of 2010, so providers have had ample time to bring out their own version of the Junior ISA with which to tempt savings minded parents. <br /><br />Whilst the Junior ISA has many factors in common with the old Child Trust Fund, one key difference is that the government will not contribute to the accounts. Another key difference is that the annual tax free savings cap of &pound;3,600 permitted with <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISAs</span></a> is almost three times the annual ceiling allowed with Child Trust Funds.<br /><br />Those savings providers who used to lead the Child Trust Fund market have been quick to launch their Junior ISA products, hoping for an early share of the market. Providers are offering deals with free gifts and special offers to entice parents and guardians into opening accounts for their children. <br /><br style="font-weight: bold;" /><span style="font-weight: bold;">Leading savings providers</span><br /><br />Family Investment, Jump Savings and Shepherds Friendly all offer retail gift vouchers or discount offers for those tempted into opening stocks and shares Junior ISAs with them.<br /><br />The only TESP which allows parents to invest more than &pound;25 per month is Shepherds Friendly <a style="font-weight: bold;" href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384">Young Saver Plan</a> which allows up to &pound;100 per month to be saved tax free.<br /><br />Natasha Terbraak, Editor of MyEggNest.com, the nations top independent child savings and junior ISA online resource, commented on the launch of the new product: &quot;With the Junior ISA finally launched, it is great to see so many leading savings providers jump to offer their version of the new account, and attract parents with competitive rates and offers.&rdquo; <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" width="160" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/2.5m-Savers-Get-Shockingly-Small-Returns.aspx http://www.MyEggNest.com/News/2.5m-Savers-Get-Shockingly-Small-Returns.aspx Thu, 24 Nov 2011 12:11:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Rajan Chagger</span></span><br /><br />National Savings &amp; Investments, the government&rsquo;s savings arm, has recently admitted the shocking news that around 2.5 million of its savers are getting paid less than a 0.7% return on their savings. For the worst hit 2.3 million, NS&amp;I Investment Accounts are paying just 0.3%. <br /><br />If you have your children&rsquo;s future nest egg in one of these underperforming accounts, consider switching to Shepherd&rsquo;s Friendly <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Savers Plan</span></a>, which has the added benefit of allowing flexible contributions. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Less than minimum</span><br /><br />The news, which came to light after the NS&amp;I pulled some of its savings products out of the Post Office, means that the government is paying millions of savers less than the Bank of England&rsquo;s base rate. This rate, held at a low of 0.5%, is supposed to be a minimum standard. <br /><br />Fortunately for those saving for their children, the launch of the new <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA </span></a>means that many providers are offering competitive rates, so there is no shortage of savings products that can give you a better return. <br /><br />The government has stated that NS&amp;I&rsquo;s Investment Account will be overhauled and given a &lsquo;higher rate&rsquo; in May of next year. It will be converted into a postal-only account with statements and no passbook. This requires the product to be closed to new savers on 28 November until its launch in the spring of 2012.&nbsp; After this, both new and existing savers will be getting a better rate, though NS&amp;I has not yet commented on what it will pay.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Moving advice</span><br style="color: rgb(0, 0, 0);" /><br />The government is also closing its Easy Access Savings Account to new savers on 28 November. The account is scheduled to shut down completely in July 2012. Because of this, the NS&amp;I is encouraging customers to switch out of the account, which experts say is sound advice as it pays just 0.2 &ndash; 0.7 percent returns on a sliding scale. <br /><br />Instead, consider a <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank"><span style="font-weight: bold;">Tax Exempt Savings Plan</span></a> (TESP), which is available for both children and adults, and offers a tax efficient way to save. <br /><br />The government has also recommended that Easy Access holders switch to its Direct Saver account, which pays 1.75% interest. The closings and withdrawal of products from the Post Office is part of a &lsquo;modernisation&rsquo; process begun in 2007, says a spokesperson from NS&amp;I. <br /><br />In response to criticism regarding its low rates, the NS&amp;I said that it is part of a &lsquo;balancing act&rsquo; that must undergo each year.&nbsp; This is because the state&rsquo;s savings branch can only bring in a total of &pound;2 billion this tax year, so as not to distort figures in the savings market. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" width="160" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Savers-Call-For-Childrens-Savings-Merger.aspx http://www.MyEggNest.com/News/Savers-Call-For-Childrens-Savings-Merger.aspx Thu, 24 Nov 2011 11:48:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;"><span style="color: rgb(0, 0, 0);">By A. Velasco</span><br /><br /></span></span>Parents of children who qualified for the Child Trust Fund are now lobbying the government in order to give the 6 million children equal footing on the children&rsquo;s savings landscape.&nbsp; This is because the <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a>, the government&rsquo;s replacement for the Child Trust Fund (CTF), locks out any child born between 2002 and 2011 who was eligible now-defunct scheme. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Disadvantage</span><br style="font-weight: bold;" /><br />This leaves Child Trust Fund babies disadvantaged, critics argue, because the recent launch of the Junior ISA<span style="font-weight: bold;"> </span>has led to many providers offering much better rates and incentives to draw in the new influx of customers.&nbsp; To rectify this, campaigners have launched an online petition, which calls for the government to merge CTFs and Junior ISAs so that all children in Britain will have equal access to competitive savings rates. <br /><br />This is especially important to savers in the current financial climate, the government&rsquo;s current economic policy is keeping interest rates at record lows to encourage lending and growth.&nbsp; If your child is ineligible for a Junior ISA, an alternative tax-free savings program called the <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Savers Plan</span></a> is offered by Shepherd&rsquo;s. <br /><br />The calls to merge the two government savings initiatives are backed by financial experts, as it is agreed that Junior ISA holders enjoy better cash returns as well as many more options for investment. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Discrimination</span><br /><br />Some are calling this &lsquo;discrimination&rsquo; against young children, aged anywhere from 11 months to 9 years old. The online petition explains that this is because of Child Trust Fund holders are now &ldquo;the only British citizens not allowed to invest in an ISA.&rdquo;<br /><br />Another tax efficient savings option is the <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, which can be held in conjunction with either of the government&rsquo;s savings programmes. <br /><br />Despite the claims of discrimination, the Treasury has announced that it has no plans to merge the Junior ISA and the Child Trust Fund. In a statement, a Treasury spokesperson said that it is still too early to best decide how to best handle those with CTFs. <br /><br />This is not good enough for millions of parents, who say that their options when setting up a Child Trust Fund were limited to only a handful of options compared with the diverse array of Junior ISA products.&nbsp; Experts say that while those in underperforming CTFs should work to find the best rates, they will still not be as good as an adult or Junior ISA. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a style="font-weight: bold;" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" alt="" style="width: 179px; height: 150px;" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a href="http://www.addthis.com/bookmark.php" target="_blank" onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);"><strong><img height="24" width="160" border="0" src="http://s9.addthis.com/button2-bm.png" alt="AddThis Social Bookmark Button" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a href="http://en.wikipedia.org/wiki/Social_bookmarking" target="_blank"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" src="/uploaded/image/duckgototop.gif" alt="Chick" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Nationwide-Embrace-Junior-ISA.aspx http://www.MyEggNest.com/News/Nationwide-Embrace-Junior-ISA.aspx Wed, 23 Nov 2011 15:54:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Rajan Chagger</span></span><br /><br />With the launch of the Junior ISA at the start of November, Nationwide have introduced their own Junior ISA for customers, known as the Smart Junior ISA. The Junior ISA is the replacement for the discontinued Child Trust Fund, and can be opened by a parent or guardian for any UK resident under eighteen years of age, providing they have not already got a Child Trust Fund in their name.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Save for your child&rsquo;s future</span><br /><br />The Junior ISA is a tax free child savings account, designed to maximise the savings potential for the account holder. It is a great way to ensure your child gets a head start in life. Because the funds accumulated in a <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a> account can only be accessed by the account holder once they reach the age of eighteen, it offers an unrivalled opportunity to build up substantial savings, potentially over an eighteen year period. At the age of eighteen the account holder is able to access his or her tax free savings pot, and use the money for whatever they choose. <span style="font-weight: bold; color: rgb(0, 0, 0);"></span><br /><br />For any parent or guardian worried about the recent hike in university tuition fees and whether they&rsquo;ll be able to afford to send their child to university, or any parent worried about the increasingly expensive housing market for first time buyers, the Junior ISA offers an opportunity for long term tax free saving, to be used to help their child during those vital first years of adult life. <br /><br />If you want independent advice from one of our Independent Financial Advisors about Junior ISAs, or alternative tax free savings accounts, <span style="font-weight: bold;"><a href="http://www.myeggnest.com/Info/Ask-The-Expert.aspx">click here</a> </span>to speak to one of our experts. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Save &pound;3,600 per year tax free</span><br /><br />Nationwide&rsquo;s Smart Junior ISA, is a cash ISA, and allows parents, family and friends to make unlimited yearly deposits up to &pound;3,600 per annum. It currently offers an introductory fixed rate of 3.0% AER tax free variable, available until 31 October 2013. After this introductory period the rate switches to 2.1% AER tax free variable.<br /><br />As well as the Junior ISA, there are other tax free savings accounts aimed at under eighteens. Shepherds Friendly offer a<span style="font-weight: bold;"> <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384">Young Saver Plan</a></span> which allows you to save between &pound;7.50 and &pound;100 a month. Child TESPs can be held in addition to a Junior ISA or Child Trust Fund, and Shepherds Young Saver Plan allows contributions of anywhere from &pound;7.50 to &pound;100 a month tax free (Most CTESPs have a monthly limit of &pound;25). <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" width="160" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/New-Stocks-and-Shares-Junior-ISA.aspx http://www.MyEggNest.com/News/New-Stocks-and-Shares-Junior-ISA.aspx Wed, 23 Nov 2011 15:28:00 GMT <span style="font-style: italic; font-weight: bold; color: rgb(0, 0, 0);">By Sophia Start</span><br /><br />The Post Office has recently launched a new Junior ISA, allowing parents and guardians the chance to save tax free for their children&rsquo;s futures. Their Junior ISA can be opened with a monthly direct debit of as little as &pound;10. Any child ineligible for the now discontinued Child Trust Fund qualifies to have a <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a> account opened in their name. <br /><br />Building up savings for a child allows them a fiscal advantage once they enter adulthood, and can offer a child a head start when it comes to essential expenses later in life such as university tuition fees.<br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Give your child a head start</span><br style="font-weight: bold; color: rgb(0, 0, 0);" /><br />The Post Office Junior ISA allows up to &pound;3,600 a year to be invested tax free in a combination of stocks and shares and fixed interest investments. Richard Norman, Director of Savings and Investments at the Post Office, said: &ldquo;A Junior ISA is a great way to save for a child&rsquo;s future &ndash; from helping towards tuition fees, a deposit for their first car or even their first home.&rdquo; <br /><br />Most Tax Exempt Savings Plans allow investment only up to &pound;25 a month. Shepherds Friendly however offer a TESP called the <a style="font-weight: bold;" target="_blank" href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384">Young Saver Plan</a> which allows investment anywhere from &pound;7.50 to &pound;100 per month, allowing parents flexibility to invest at their own pace depending on their finances.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Just &pound;10 per month</span><br style="font-weight: bold; color: rgb(0, 0, 0);" /><br />The Post Office Junior ISA is not a cash ISA but an Investment ISA. Historically shares and stocks have offered a far better return than saving cash. As a long term investment, potentially up to eighteen years until the child reached maturity, stocks and shares should significantly outperform cash in terms of capital appreciation.<br /><br />The account can be opened with a &pound;10 monthly direct debit, or with an initial lump sum of &pound;500 or more. Once the account has been opened, not just parents and family members but anyone is welcome to invest. The child themselves can manage their Junior ISA account from the age of sixteen and is the only one able to withdraw money from the account but only once they reach the age of eighteen.<br /><br />An alternative to the Junior ISA, is the <a style="font-weight: bold;" target="_blank" href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Child Tax Exempt Savings Plan</a>&nbsp;&nbsp; tax free savings account, which also allows tax free saving for under eighteens. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img height="24" width="160" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/A-Good-Lesson-In-Financial-Responsibility.aspx http://www.MyEggNest.com/News/A-Good-Lesson-In-Financial-Responsibility.aspx Wed, 23 Nov 2011 00:00:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;"><span style="color: rgb(0, 0, 0);">By Ameet Magan</span><br /><br /></span></span>What is the right way to teach children to have a responsible attitude towards money in general and saving in particular? Should we start them early? With the arrival of the Junior ISA, the opportunity presents itself for parents to get their children interested in saving and fiscal responsibility. Teach children at a young age, and maybe more of them will invest in a pension in adult life, reducing the financial pressures on the state and benefitting us all in the long run.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Alternatives to the Junior ISA</span><br /><br />Tony Gammon of Thesis Asset Management worries that we might put children off saving if we expose them too early to the realities of the markets: &ldquo;Although owning an Isa does have educational benefits, and learning that shares can fall as well as rise is part of that process, learning that the value has tumbled over a relatively short period might put them off investing for life.&rdquo;<br /><span style="font-weight: bold;"></span><br /><br />There are alternative tax free savings accounts that can be opened for under eighteens. <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank"><span style="font-weight: bold;">The Child Tax Exempt Savings Plans (TESP)</span></a>&nbsp; allows parents to invest up to &pound;25 per month tax free. These can be held alongside Junior ISAs.<br /><br />However, many feel that children learning from a young age about the capricious nature of investment will only benefit from the experience; the old adage that you learn more when the chips are down that when everything is rosy.<span style="font-weight: bold;"></span><br /><br />But what about the fees and costs that come with a <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA</span></a>? The charges and cost imposed on customers are myriad these days. To begin with, if you&rsquo;ve been recommended an ISA by an advisor, they will take a commission from your investment. You might think you have no more charges after that but think again. <br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Hidden costs</span><br /><br />Once your investment is given over to a fund distribution platform you could be hit by a raft of charges. These might include initial charges but also other costs such as switch fees and trading fees. Then there are further fees passed on to the ordinary investor right along the chain, from fees charged by transfer agents, to fees charged by the custodian bank (where the investment is held). Then there are the fees charged by the independent fund accountant who is appointed by the fund manager &ndash; these include fixed but also transaction charges and sundry charges. <br /><br />The fund promoter might also take a hefty initial fee from the client and then there are other additional fees such as stamp duty. At each stage of the process there are fees and charges imposed. Not all of these are paid directly by the investor but the endless layers of fees costs and charges will b e passed on to the investor somewhere along the line.<br /><br />Shepherds Friendly offer a <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384"><span style="font-weight: bold;">Young Saver Plan </span></a>which allows investors to invest anywhere from &pound;7.50 to &pound;100 per month. <br /><br />So if you are about to invest in a Junior ISA or other tax free child savings account, perhaps it would be worth considering the fees and charges you will directly or indirectly occur, and perhaps this is a good financial lesson to teach your children &ndash; always factor in the &lsquo;extras&rsquo;. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a style="font-weight: bold;" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" alt="" style="width: 179px; height: 150px;" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a href="http://www.addthis.com/bookmark.php" target="_blank" onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);"><strong><img height="24" width="160" border="0" src="http://s9.addthis.com/button2-bm.png" alt="AddThis Social Bookmark Button" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a href="http://en.wikipedia.org/wiki/Social_bookmarking" target="_blank"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table height="94" width="83" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img height="58" width="70" src="/uploaded/image/duckgototop.gif" alt="Chick" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Not-To-Be-Outdone-Halifax-Has-Launched-Its-Junior-ISA.aspx http://www.MyEggNest.com/News/Not-To-Be-Outdone-Halifax-Has-Launched-Its-Junior-ISA.aspx Mon, 21 Nov 2011 00:00:00 GMT <br />The Halifax Savings and Investment Company has launched its <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a> on 18th November. This is a straightforward and simple fund that is designed to follow the path of the FTSE 100 Index. Those who are subscribers to the fund are enabled to top up and assess their deposits online also. <br /><br />During the launch of the product, Simon Kenyon, Director of the Halifax Savings and Investments has informed that the company is supporting the decision of the Government to provide some tax benefited savings fund for the children; as such schemes will enable many families all over the country to make some savings for their children, safe with the knowledge that they will have the right to gain access into the savings account after they attain the age of 18. The children will get a head start when they require adequate finances during the initial stage of their adulthood through the Halifax Junior Stocks &amp; Shares Individual Savings Account. <br /><br /><span style="font-weight: bold;">Special Features of the Junior Investment Savings Account </span><br /><br />Most parents will be able to fund the university education of their children through the Junior Individual Savings Account. By making investments, parents will be happy with the knowledge that they are contributing towards the university fees of their child. <br /><br />In other cases the Junior Individual Savings Account is a perfect way to make savings for a child to get a head start in life when they reach adulthood. This is more so as they can make a deposit for their first home through the JISA. <br /><br />The minimum opening balance for the account is &pound;20, while the maximum deposit each year is &pound;3,600. There is an annual fund maintenance charge of 1%. <br /><br /><span style="font-weight: bold;">Tax benefits </span><br /><br />A great benefit of this scheme is that it will mature into an Adult Investment Savings Account as soon as the child reaches the age of 18 years, if it has not been withdrawn. It will be free from capital gains and income tax. An additional benefit is for those children who are 16 years and have a Junior Stocks &amp; Shares ISA also, they can make simultaneous investments in an Adult Cash Investment Savings Account. This feature allows them to get the benefit of tax-efficient savings on both the accounts up to the age of 18 years.<br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Junior-ISA---start-saving-early.aspx http://www.MyEggNest.com/News/Junior-ISA---start-saving-early.aspx Mon, 21 Nov 2011 00:00:00 GMT <br />The Junior Individual Savings Account or <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a> has recently been launched by the Post Office. This account can be opened by all the guardians and parents on behalf of their minor children who are under the age of 16 years. There is no hard and fast requirement of minimum age of a child, for opening this account. It is designed to save for the future of a child in an efficient manner which will provide them financial support when they attain the age of 18 years and step into adulthood. <br /><br />The Junior Individual Savings Account is actually an investment Individual Savings Account of the Post Office. Customers get the opportunity of growth in their savings fund as their savings are invested in shares, stocks and other fixed interest investments. The upper ceiling for making an annual investment is &pound;3,600. <br /><br /><span style="font-weight: bold;">How to open the account </span><br /><br />You have the facility of opening an account by regular direct debit that can be as low as &pound;10 in a month. Relatives and friends can also contribute to the account. The account can also be opened by making a lump sum deposit of &pound;500 or more. After an account is opened, anybody can make a deposit either through cheque, bank transfer or by direct debit. <br /><br />Richard Norman, Director of Savings and Investments of the Postal Organization has said that the Junior Individual Savings Account is a wonderful way for making savings for the future of a child. Once a child reaches the age of 18, the funds from the account can be used for paying the tuition fees, making part payment for his car or even booking an apartment. <br /><br /><span style="font-weight: bold;">Additional investment schemes </span><br /><br />The Post Office is also launching an investment ISA in place of the cash ISA, because it has been proved time and again that investments made in shares and stocks in a long term basis is much more profitable than cash investments that brings in interest. The Junior Individual Savings Account is actually a long term investment plan up to an 18 year term, which depends on the age of the child when the account is opened. So JSIA is a good potential for getting higher growth. The Post Office has also launched its third issue of the Inflation Linked Bond which will protect those who want to make long term savings, from inflation. <br /><br /> <div style="text-align: center;"><br />Comment on this subject on our <a style="font-weight: bold;" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" alt="" style="width: 179px; height: 150px;" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a href="http://www.addthis.com/bookmark.php" target="_blank" onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);"><strong><img width="160" height="24" border="0" src="http://s9.addthis.com/button2-bm.png" alt="AddThis Social Bookmark Button" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a href="http://en.wikipedia.org/wiki/Social_bookmarking" target="_blank"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" src="/uploaded/image/duckgototop.gif" alt="Chick" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Implications-To-Children-From-Spending-Cuts.aspx http://www.MyEggNest.com/News/Implications-To-Children-From-Spending-Cuts.aspx Thu, 17 Nov 2011 14:50:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Rowena Purrett</span></span><br /><br />A study which was carried out revealed that the government&rsquo;s wide-reaching and severe programme of spending cuts will impact on children four times as hard as the bankers who were blamed for the financial crisis. Parents have already been suffering in this current economic climate, with costs increasing and household budgets as tight as ever many are not in a position of having spare money.<br /><br />Would you like to give your child the best start to life? If so then consider the <span style="font-weight: bold;"><a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a>,</span> which will allow you to provide your child with a lump sum when they turn 18. This account offers a great deal and all savings are tax-free.<br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Grants and benefits</span><br /><br />The Budget has meant that many grants and benefit payments for families have been affected in a negative way, this has had vibrated through many households and as a result youngsters would be losing out on &pound;7bn.<br /><br />Once the Coalition Government came into power they were ready, axes in hand to begin making cuts straight away. Their first piece of work was the scrapping of the <a href="http://www.myeggnest.com/Info/Child-Trust-Funds-Menu.aspx"><span style="font-weight: bold;">Child Trust Fund</span></a>, which they did at the start of January this year.<br /><br />The plan was created by the previous Labour Government as a way to encourage parents to save for their child, which they helped contribute too by providing cash voucher to every baby born between September 2002 and 2 January 2011.<br /><br />An alternative to the Junior ISA is Shepherds Friendly <a target="_blank" href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384"><span style="font-weight: bold;">Young Saver Plan</span></a> which also allows you to give your child a lump sum and allows parents to save up to &pound;100 each month on a tax-free basis.<br /><br />The final decision to end the CTF came in May last year and it was followed closely by criticism, and reductions to Government contributions into the tax-free savings scheme started soon after August 2010.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Pocket money</span><br /><br />Children&rsquo;s benefits were also the a main target of the austerity plan, and the decision was made to freeze payments for three years instead of increasing them relation to inflation. Moreover, the right parents and guardians have to claim child benefit will be taken away from houses which have at minimum one higher rate taxpayer.<br /><br />If your child already has a Junior ISA or Child Trust Fund, you may want to maximise your tax efficiency by saving into a <a target="_blank" href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, which can be held in addition. <br /><br />The reality is that children have suffered hard in the current economy, firstly losing their pocket money, and also through the rise in tuition fees which have meant many children will not be going to university unless their parents help them cover the costs. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a style="font-weight: bold;" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" alt="" style="width: 179px; height: 150px;" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a href="http://www.addthis.com/bookmark.php" target="_blank" onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);"><strong><img width="160" height="24" border="0" src="http://s9.addthis.com/button2-bm.png" alt="AddThis Social Bookmark Button" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a href="http://en.wikipedia.org/wiki/Social_bookmarking" target="_blank"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" src="/uploaded/image/duckgototop.gif" alt="Chick" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Implications-To-Children-From-Spending-Cuts.aspx http://www.MyEggNest.com/News/Implications-To-Children-From-Spending-Cuts.aspx Thu, 17 Nov 2011 14:47:00 GMT A study which was carried out revealed that the government&rsquo;s wide-reaching and severe programme of spending cuts will impact on children four times as hard as the bankers who were blamed for the financial crisis. Parents have already been suffering in this current economic climate, with costs increasing and household budgets as tight as ever many are not in a position of having spare money.<br /><br />Would you like to give your child the best start to life? If so then consider the <span style="font-weight: bold;"><a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a>,</span> which will allow you to provide your child with a lump sum when they turn 18. This account offers a great deal and all savings are tax-free.<br /><br style="font-weight: bold;" /><span style="font-weight: bold;">Grants and benefits</span><br /><br />The Budget has meant that many grants and benefit payments for families have been affected in a negative way, this has had vibrated through many households and as a result youngsters would be losing out on &pound;7bn.<br /><br />Once the Coalition Government came into power they were ready, axes in hand to begin making cuts straight away. Their first piece of work was the scrapping of the <a href="http://www.myeggnest.com/Info/Child-Trust-Funds-Menu.aspx"><span style="font-weight: bold;">Child Trust Fund</span></a>, which they did at the start of January this year.<br /><br />The plan was created by the previous Labour Government as a way to encourage parents to save for their child, which they helped contribute too by providing cash voucher to every baby born between September 2002 and 2 January 2011.<br /><br />An alternative to the Junior ISA is Shepherds Friendly <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Saver Plan</span></a> which also allows you to give your child a lump sum and allows parents to save up to &pound;100 each month on a tax-free basis.<br /><br />The final decision to end the CTF came in May last year and it was followed closely by criticism, and reductions to Government contributions into the tax-free savings scheme started soon after August 2010.<br /><br /><span style="font-weight: bold;">Pocket money</span><br /><br />Children&rsquo;s benefits were also the a main target of the austerity plan, and the decision was made to freeze payments for three years instead of increasing them relation to inflation. Moreover, the right parents and guardians have to claim child benefit will be taken away from houses which have at minimum one higher rate taxpayer.<br /><br />If your child already has a Junior ISA or Child Trust Fund, you may want to maximise your tax efficiency by saving into a <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, which can be held in addition. <br /><br />The reality is that children have suffered hard in the current economy, firstly losing their pocket money, and also through the rise in tuition fees which have meant many children will not be going to university unless their parents help them cover the costs. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Children-Are-Hit-By-Inflation.aspx http://www.MyEggNest.com/News/Children-Are-Hit-By-Inflation.aspx Thu, 17 Nov 2011 14:06:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Samrhiddi Dastidar</span></span><br /><br />A new report has suggested that while parents and adults are being negatively impacted by a rise in inflation, they are not alone, with children also suffering at the hands of the increase. Figures have shown that almost 50% of children who are between 10- and 16-years-old have had their pocket money dramatically lowered as parents look to cut costs and avoid debt.<br /><br />Don&rsquo;t let your child suffer at the hands of the current economy, by taking out Shepherds <span style="font-weight: bold;"><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank">Young Saver Plan</a> </span>you can provide your child with a lump sum when they reach 18-years-old which they can use to cover university costs or even as a deposit on a house.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Finding work</span><br /><br />The high street banking giant Santander, have released figures which have shown that a large proportion are starring at cuts in their pocket money, and in some cases had their income stopped. Some have had to go out and find work, just so their wallets or purses are not empty.<br /><br />It is a well known fact that inflation has reached the record high level of 5.2% when measured by the consumer prices index (CPI) measure. As such many parents are being forced to keep a tighter grip on their finances, this means holding back from unnecessary spending of luxuries and other less important items. It has even gone as far as parents having to reduce their regular payments into their children&rsquo;s savings accounts.<br /><br />The government&rsquo;s new <span style="font-weight: bold;"><a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a> </span>also adds to the list of products parents can choose from, You can save a more substantial amount in a Junior ISA, which will provide your child with a tax-free lump sum when they turn 18. It is a simple and straightforward account and allows parents to maximise their savings.<br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Safety net</span><br style="color: rgb(0, 0, 0);" /><br />The problem children have is that the depreciation in their payments puts them between a rock and a hard place because the increased rate of inflation coincides with the sweets, beverages and snacks children purchase with their money.<br /><br />The reality is that in this current period in time, the impact which is sustained from spending cuts and inflation is being felt by all groups of society, from the youngest to the oldest. During this time parents are trying to hold on to as much money as they possibly can so that they can meet their daily expenses and possibly have some left over as a safety net.<br /><br />Parents may want to turn to tax-free investments, such as a <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, as tax efficiency preserves the incentive to save. <br /><br />Although there are many negatives people are having to fight through, the struggle allows for one positive lesson. Parents can use current events to build a savings habit and in turn teach their children about the benefits of saving. Parents will use bank accounts to their benefit by switching to ones offering better rates and children can be taught to save their small incomes too. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Junior-ISA-Solution-To-Student-Debt.aspx http://www.MyEggNest.com/News/Junior-ISA-Solution-To-Student-Debt.aspx Thu, 17 Nov 2011 13:24:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Rajan Chagger</span></span><br /><br />The Coalition Government has raised tuition fees to &pound;9,000, and many institutions will be taking advantage of the new top level. For students looking to go to university as the next step in their lives the debt they will leave university will far exceed what they could have ever imagined.<br /><br />The<a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"> <span style="font-weight: bold;">Junior ISA </span></a>offers parents the chance to save for their children&rsquo;s future, so that they are able to enjoy the wide array of opportunities which will allow them to take their lives forward. With its tax-free nature and simplicity in opening the account, it offers benefits that have not been seen with some of the existing products.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">&pound;60,000 debt</span><br style="color: rgb(0, 0, 0);" /><br />Figures are showing that the debt students will leave university with will average &pound;60,000, this is an amount that they could use as a deposit on a house and have money left over. This level of debt puts going to university in a new light, with students and parents having to make sure it&rsquo;s the right step as debt will be hovering over the child for a long-time.<br /><br />A product on offer from a friendly society is Shepherds Friendly <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Saver Plan</span></a>, this account allows parents to save in amount they can afford and on a tax-free basis which will provide a healthy sum of money when the child turns 18 which should go some way to covering university costs.<br /><br />According to Push, a student guide, which commissioned the debt survey it was revealed that British students starting university next year will be leaving with a debt of &pound;60,000. The survey was taken by 2,808 students at 115 universities, they were asked about how much they had borrowed from their bank, relatives and the student loans company for accommodation, living costs and tuition fees.<br /><br />Looking at the debt in more detail, 25% is owed to parents and family, 7% to banks or credit cards and figures have shown that the average level of debt has risen by 11%.<br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Free university</span><br /><br />It was not that long ago that university was free and available to all, as of next year it will still be available to all but it will be those individuals who can afford it that will be going. With many choosing courses and institutions that they can afford, not necessarily the ones that they will be challenged at or get the best education from.<br /><br />If the hike in fees concerns you, you may want to put away money for your child&rsquo;s higher education with a <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Account. </span></a><br /><br />With the level of debt becoming increasingly common knowledge, it will be no surprise to find out that many students have been put off university. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Parents-struggle-with-high-school-costs.aspx http://www.MyEggNest.com/News/Parents-struggle-with-high-school-costs.aspx Wed, 16 Nov 2011 11:41:00 GMT <span style="font-style: italic;">by Sophia Start</span><br /><br />The rising cost of living and the inflationary price rises of everyday items means parents are struggling to pay for their children&rsquo;s school necessities including uniforms and writing essentials such as pen and paper. As with much of the current financial squeeze, it is families on low incomes who are again being hit hardest.<br /><br />If you&rsquo;re considering ways to save towards your child&rsquo;s school and university costs, the new <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a>, offers tax free saving. Alternatively, many Friendly Societies offer <a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx">Child Tax Exempt Savings Plans</a> (TESP). <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384">Shepherds Young Saver Plan</a> allows parents to save from &pound;7.50 to &pound;100 per month. For more information on the Young Saver Plan, <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384">click here</a>. <br /><br /><span style="font-weight: bold;">Crippling Back to School Costs </span><br /><br />New research from Family Action, a charity at the forefront of providing support and services for disadvantaged families, shows that the cost of getting children &lsquo;back to school&rsquo; for the new school year is putting an extra financial burden on parents, many of whom are already stretched beyond breaking point.<br /><br />For parents of a primary school child, the average &lsquo;back to school&rsquo; costs are &pound;113 per year, whilst a secondary school pupil will cost parents close to &pound;200 a year in school related costs. As many families have more than one child, the costs can quickly become crippling for parents on tight budgets.<br /><br /><span style="font-weight: bold;">Parents paying 40% of pay on school costs</span><br /><br />The study by Family Action also revealed that school costs can account for up to forty per cent of parents monthly take home pay, a huge proportion of their income, leaving them struggling to meet other costs.<br /><br />On top of inflation, the programme of cuts to government and local authority services and schemes, which had previously acted as a safety net for many low income families, means that many households are facing a double whammy to their household finances. Child Benefit and other financial supports such as the Education Maintenance Allowance have be scrapped or substantially cut, and schemes to encourage saving, such as the Child Trust Fund have also been ended by the government.<br /><br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Parents-dipping-into-university-savings.aspx http://www.MyEggNest.com/News/Parents-dipping-into-university-savings.aspx Wed, 16 Nov 2011 11:16:00 GMT <span style="font-style: italic;">by A. Velasco</span><br /><br />Parents are increasingly dipping into savings set aside for their children&rsquo;s university educations to pay for their daily living costs due to the difficult economic condition the country is in.<br /><br />Across Britain, individuals and families are at financial breaking point and are taking drastic action just to stay afloat. This includes parents who have been setting aside money for their kids higher education needs for years, who find that today&rsquo;s financial pressures means they have to choose between being able to survive today or providing for their sons&rsquo; and daughters&rsquo; futures.<br /><br />Parents are looking at ways to ensure a better return on the reduced amount they can afford to save and many are turning to tax free accounts aimed at children such as the <a href="http://www.myeggnest.com/info/Junior-ISA.aspx">Junior ISA</a> or the <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Child Tax Exempt Savings Plan</a>, both of which are offered by savings provider, Shepherds Friendly.<br /><br /><span style="font-weight: bold;">Parents struggling </span><br /><br />A recent survey from asset management firm Schroders found that a small but significant portion of the parents they questioned (six per cent) had recently spent money which had previously been earmarked and set aside for future university fees and costs.<br /><br />Over half of the parents who had dipped into their children&rsquo;s university funds (59 per cent), said they had done so out of necessity due to the rapidly rising cost of living. However almost one in five (19 per cent) had used the money to pay for holidays and fifteen per cent had bought a car with their savings.<br /><br />The study from Schroders also revealed that less than a quarter of the parents questioned had actually set aside something towards university costs in the first place, so the data makes for worse reading than might first be thought.<br /><br /><span style="font-weight: bold;">Parents must save smart</span><br /><br />Further education and private education is a huge industry in Britain with more than &pound;12.4 billion spent every year on school and university fees together with private tuition and college fees. Often young people&rsquo;s education costs are met by their parents or families; however with increasing tuition costs many students are turning to student or bank loans to fund their costs.<br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Fee-hike-discouraging-university-applications.aspx http://www.MyEggNest.com/News/Fee-hike-discouraging-university-applications.aspx Wed, 16 Nov 2011 00:00:00 GMT <span style="font-style: italic;">by Ameet Magan</span><br /><br />This year marked the smallest increase in university applications in three decades, giving rise to concerns that next year&rsquo;s tuition hike is already acting as a deterrent. Though the number of university applicants did increase by 1.4%, this year marked a sharp decline from last year&rsquo;s 15.3% and record numbers throughout the last decade.<br /><br />The figures were a shock because applications were expected in increase this year, as students rushed to take their places in a course before the trebling of university fees in 2012. <br /><br />If the hike in fees concerns you, you may want to put away money for your child&rsquo;s higher education with a <a href="http://www.myeggnest.com/info/Compare-Child-Tax-Exempt-Savings-Plans.aspx">Child Tax Exempt Savings Plan</a>. <br /><br /><span style="font-weight: bold;">Shrinking Incentive</span><br /><br />You may also want to save more substantial amounts in a <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a>, which will provide your child with a tax-free lump sum when they turn 18. <br /><br /><a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Compare Stocks &amp; Shares Junior ISAs</a><br /><a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx#Cash%20Junior%20ISAs:void(0);/*1321441161763*/http://www.myeggnest.com/info/junior-isa-comparison.aspx#Cash%20Junior%20ISAs">Compare Cash Junior ISAs</a><br /><br />According to the figures from the Universities and Colleges Admissions Service (UCAS), substantial savings to help with university may make all the difference in your child deciding to pursue higher education. As UCAS suggested, that the average of &pound;8,600 may be high enough to drive students away from university entirely. <br /><br />It is not only the incentive to pursue a higher education that is shrinking, UCAS reports. Recent figures have also shown that the number of British students applying to American Ivy League institutions has increased sharply in the last year. With fees set to hit &pound;9,000 in 2012, many bright British students are finding less incentive to stay in the UK for their education. <br /><br /><span style="font-weight: bold;">&pound;30,000 worth of debt</span><br /><br />The current economic climate, in which employment after university is not guaranteed, makes it understandable that young people are shy of debt and are put off by the idea of graduating with the estimated average of nearly &pound;30,000.<br /><br />Critics of the tuition hike have long raised the issue that the sharp increase in the cost of a higher education will leave out young, bright students from lower or middle earning families. In particular, critics fear that higher cost of education will bar students from financially marginalised or minority communities that bring diversity to a university.<br /><br />Though the new levels of fees have received much criticism, they are not set to change any time soon. Children&rsquo;s savings experts say that the best way to deal with the rising price of education is by saving early and often. <br /><br />Flexible savings schemes, such as <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Shepherds Young Savers Plan</a>, can go a long way towards allowing your child to pursue their dreams without worries of the cost. Like the <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx">Junior ISA</a>, the scheme is tax efficient but allows contributions from &pound;7.50 to &pound;100 every month. <br /><br /> <div style="text-align: center;"><br />Comment on this subject on our <a style="font-weight: bold;" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" alt="" style="width: 179px; height: 150px;" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a href="http://www.addthis.com/bookmark.php" target="_blank" onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);"><strong><img width="160" height="24" border="0" src="http://s9.addthis.com/button2-bm.png" alt="AddThis Social Bookmark Button" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a href="http://en.wikipedia.org/wiki/Social_bookmarking" target="_blank"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" src="/uploaded/image/duckgototop.gif" alt="Chick" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Inflation-Leaves-Savers-Extremely-Worse-Off.aspx http://www.MyEggNest.com/News/Inflation-Leaves-Savers-Extremely-Worse-Off.aspx Tue, 15 Nov 2011 12:32:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Ameet Magan</span></span><br /><br />Figures from This is Money show that savers are set to take another beating, as &pound;43 billion will be wiped off of the value of savings accounts by November 2012. This comes as soaring inflation is outperforming record low interest rates by far. <br /><br />As interest rates plunge because of the Bank of England&rsquo;s low 0.5% base rate, parents may want to turn to tax-free investments, such as a <a target="_blank" href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a>, as tax efficiency preserves the incentive to save. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">The Bank&rsquo;s fault?</span><br /><br />Critics of the current economic policy are blaming the Bank of England for not only the low base rate, but for their &ldquo;negligence&rdquo; concerning inflation. Though the initial &pound;200 billion cash injection to the economy forced inflation to nearly 5%, the Bank decided to adopt a further &pound;75 billion in quantitative easing. <br /><br />The economic measures have seen the cost of living skyrocket further, making matters much worse for already beleaguered British savers. Experts warn that if inflation rises faster than the interest on your savings, the value of your investment is being consistently eroded.<br /><br />Another tax efficient option is the <span style="font-weight: bold;"><a target="_blank" href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384">Young Saver Plan</a>,</span> which allows anywhere from &pound;7.50 to &pound;100 in contributions.<br /><br />Though the Bank is set to meet on Thursday to decide whether to raise the record low base rate, they are expected to keep them for the 32nd consecutive month. The Save Our Savers campaign argues that if the Bank does this for one more year, the &pound;1.1 trillion held in cash savings will erode by a further &pound;43 billion. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Save Our Savers accusations</span><br /><br />To ensure that your child has the best chance of beating economic turmoil in the future, start saving now in an <span style="font-weight: bold;"><a href="javascript:void(0);/*1321360030823*/">Ethical Child Savings Plan</a>.</span> Besides tax-exempt savings, these plans offer the knowledge that none of your child&rsquo;s money will be invested in alcohol or firearms. <br /><br />While many have agreed that the financial climate for savers is abysmal, Simon Rose of Save Our Savers has gone so far as to imply that it is criminal. He has said that Bank policymakers have been negligent with regards to inflation.<br /><br />Rose went further to say that the Monetary Policy Committee, which should set rates once a month, may be acting illegally because it is their obligation to keep inflation at the official target of 2%. <br /><br />Bank of England Governor Mervyn King has said that inflation is expected to fall back to 2% in 2013, but with the ominous news that savers will be billions worse off in a years time, critics argue that this is not enough. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a style="font-weight: bold;" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" alt="" style="width: 179px; height: 150px;" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a href="http://www.addthis.com/bookmark.php" target="_blank" onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);"><strong><img width="160" height="24" border="0" src="http://s9.addthis.com/button2-bm.png" alt="AddThis Social Bookmark Button" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a href="http://en.wikipedia.org/wiki/Social_bookmarking" target="_blank"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" src="/uploaded/image/duckgototop.gif" alt="Chick" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Fixed-Rates-Fall-and-Demand-Rises.aspx http://www.MyEggNest.com/News/Fixed-Rates-Fall-and-Demand-Rises.aspx Tue, 15 Nov 2011 12:20:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;"><span style="color: rgb(0, 0, 0);">By A. Velasco</span><br /><br /></span></span>While demand for fixed-rate savings bonds has surged, average bond rates have fallen, according to data from Moneyfacts.&nbsp; The average rate for a one year fixed-rate bond is now 2.76% compared with 2.94% this May. Three year fixed-rate bonds have fallen to 3.54% from 3.7% in the same time period. <br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Best bonds</span><br style="font-weight: bold;" /><br />If your child already has a Junior ISA or Child Trust Fund, you may want to maximise your tax efficiency by saving into a<span style="font-weight: bold;"> <a href=": http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Child Tax Exempt Savings Plan</a>,</span> which can be held in addition. <br /><br />Experts say that savers who track down the best rates will be rewarded, as there still remain some standouts from the crowd of low rate fixed-year deals. Saga has recently launched a three year fixed-rate bond which yields 4.2%, more than half a point higher than the average rate. <br /><br />United National Bank also offers a three year postal bond paying 4.25%, while the Post Office itself offers an online deal at 4.21%. <br /><br />The key, experts say, is to find great deals that also have enticing features, such as Saga&rsquo;s best buy which features early access to your money within the three year term. Instead of a hefty exit fee that could cut into your investment, there is only a penalty of interest. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Children&rsquo;s savings</span><br /><br />Those interested in longer-term savings for their children are advised to consider a <span style="font-weight: bold;"><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384">Young Saver&rsquo;s Plan</a>,</span> which is administered by Shepherd&rsquo;s Friendly Society and gives you all the benefits of a member upon signing up. <br /><br />No matter what type of plan you choose, opening an account with comparatively good yields and saving regularly sets a good example for your children and gives them experience with personal financial planning. <br /><br />Even if you can&rsquo;t spare money to put away for one, three, or up to 18 years, you there are also easy access savings accounts that are performing brilliantly by current market standards. Aldermore Bank, based in Peterborough, has increased its variable rate from 1.5% to 2.85%. <br /><br />This account is guaranteed to stay 1.8% above the base rate dictated by the Bank of England until March 2013. Experts advise that when deciding upon a variable rate account, savers should consider guaranteed rates such as this. <br /><br />If you are disappointed by the falling return rates on bonds, consider saving for your child with a <a href="http://www.myeggnest.com/info/junior-isa-comparison.aspx"><span style="font-weight: bold;">Junior ISA,</span></a> which offer competitive rates as well as tax-free status for your investment. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/New-Savings-Account-The-Junior-ISA.aspx http://www.MyEggNest.com/News/New-Savings-Account-The-Junior-ISA.aspx Sun, 06 Nov 2011 00:00:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;">By A. Velasco </span></span><br /><br />This November the Junior Individual Savings Account or JISA will be introduced. The JISA is the junior version of the adult ISA. The JISA is a way for parents and grandparents to save for their children or grandchildren. Although on paper the child owns the account, the (grand)parents will open and manage it. As soon as children reach their 16th birthday they can manage their accounts themselves. <br /><br />The idea behind it is that children get some tax-free savings that they can use to pay for their university fees, deposit on a house etc. With JISA capital gains tax or any further income tax do not have to be paid.<br /><br /><span style="font-weight: bold;">How it works</span><br /><br />Not everyone is eligible for a <a href="http://www.myeggnest.com/info/Junior-ISA.aspx"><span style="font-weight: bold;">Junior ISA</span></a>. Only when the child is born after 3 January 2011 can it get a JISA. The same goes for children who are born before September and are not 18 yet. <br /><br />Children can have two JISAs, one for cash and one for stocks &amp; shares. The plan provider can be changed after every tax year. In addition, it is possible to change providers. The cash JISA can be opened at most banks and building societies, while the stocks &amp; shares JISA can be opened at friendly societies, discount fund brokers and investment houses.<br /><br />For parents that are having a hard time finding large amounts to contribute, the <a target="_blank" href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a> is recommended, as it has a monthly limit of &pound;25 pounds and is allowed to be held in addition to the Junior ISA.<br /><br style="font-weight: bold;" /><span style="font-weight: bold;">JISA Receives Positive Reaction</span><br /><br />Independent financial counsellors seem to be positive about JISAs. Managing director of London-based fund broker Chelsea Financial Services, Darius McDermott, states: &ldquo;This is the first time there has been a simple tax- efficient savings product for children with a reasonable investment limit.&rdquo;<br /><br />According to investment house Fidelity, 10% of the parents say they will open a JISA, despite lacking knowledge of the rules. For cash JISAs, the best thing to do is to find one with the best interest rates. For the Stocks &amp; Shares JISAs, a discount fund broker might be the best option as charges are decreased, sometimes annually.<br /><br />Another way to save money is the traditional children&rsquo;s savings account or the <a target="_blank" href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384"><span style="font-weight: bold;">Young Saver Plan</span> </a>which is especially useful for new parents because it allows for savings from &pound;7.50 to &pound;100 pounds a month. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a style="font-weight: bold;" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" alt="" style="width: 179px; height: 150px;" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a href="http://www.addthis.com/bookmark.php" target="_blank" onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);"><strong><img width="160" height="24" border="0" src="http://s9.addthis.com/button2-bm.png" alt="AddThis Social Bookmark Button" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a href="http://en.wikipedia.org/wiki/Social_bookmarking" target="_blank"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" src="/uploaded/image/duckgototop.gif" alt="Chick" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Loop-in-ISA-Rules-Beneficial-for-18-Year-Olds.aspx http://www.MyEggNest.com/News/Loop-in-ISA-Rules-Beneficial-for-18-Year-Olds.aspx Sat, 05 Nov 2011 00:00:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Ruth Nicolas</span></span><br style="color: rgb(0, 0, 0);" /><br />Because of an irregularity in the rules for an ISA, teenagers who are 18 years old can contribute money to a Junior Stocks &amp; Shares ISA at the same time as investing in an adult Stocks &amp; Shares Isa.<br /><br />One recommended children&rsquo;s savings plan is the tax-exempt <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Savers Plan</span></a>, which is especially useful for new parents because it allows for savings from &pound;7.50 to &pound;100 pounds a month.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">How it Works</span><br /><br />The reason for this is that a Junior ISA can be obtained up to the evening of the 18th birthday of the child. During the tax year, which is from 6 April until 5 April the next year, a maximum of &pound;3,600 can be contributed to the Junior ISA.<br /><br />However, as soon as the child reaches the age of 18, it could also get an adult Stocks &amp; Shares ISA. For the adult version of the ISA a maximum amount of &pound;10,680 can be invested. <br /><br />The fact that a child has a <span style="font-weight: bold;"><a href="http://www.myeggnest.com/Info/Individual-Savings-Accounts-ISAs.aspx">Junior Stocks &amp; Shares ISA</a> </span>does not make any difference for the maximum amount that can be contributed to the adult version of the ISA and vice versa. As a result, in the 18th year of the child&rsquo;s life the child can invest a maximum amount of &pound;3,600 in its Junior ISA. In addition, from the child&rsquo;s 18th anniversary up to the 5th of April the following year the child can invest a maximum amount of &pound;10,680.<br /><br /><span style="font-weight: bold;">Total Invested in Stocks &amp; Shares ISA is &pound;14,280</span><br /><br />This means that the total amount that the child can invest in both Stocks &amp; Shares ISAs together will be &pound;14,280 for that year.<br /><br />The Junior ISA will be introduced this November. It will replace the <a href="http://www.myeggnest.com/Info/Child-Trust-Funds-Menu.aspx"><span style="font-weight: bold;">Child Trust Fund</span></a>. It is expected that many people will use this as a means to save for their children. As soon as the parent or guardian opens the account, everyone can contribute to it. No money can be withdrawn until the child reaches the age of 18. The maximum contribution will increase in 2013 when the consumer price index will go up. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/New-Savings-Account-The-Junior-ISA.aspx http://www.MyEggNest.com/News/New-Savings-Account-The-Junior-ISA.aspx Sat, 05 Nov 2011 00:00:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;">By A. Velasco </span></span><br /><br />This November the Junior Individual Savings Account or JISA will be introduced. The JISA is the junior version of the adult ISA. The JISA is a way for parents and grandparents to save for their children or grandchildren. Although on paper the child owns the account, the (grand)parents will open and manage it. As soon as children reach their 16th birthday they can manage their accounts themselves. <br /><br />The idea behind it is that children get some tax-free savings that they can use to pay for their university fees, deposit on a house etc. With JISA capital gains tax or any further income tax do not have to be paid.<br /><br /><span style="font-weight: bold;">How it works</span><br /><br />Not everyone is eligible for a <a href="http://www.myeggnest.com/info/Junior-ISA.aspx"><span style="font-weight: bold;">Junior ISA</span></a>. Only when the child is born after 3 January 2011 can it get a JISA. The same goes for children who are born before September and are not 18 yet. <br /><br />Children can have two JISAs, one for cash and one for stocks &amp; shares. The plan provider can be changed after every tax year. In addition, it is possible to change providers. The cash JISA can be opened at most banks and building societies, while the stocks &amp; shares JISA can be opened at friendly societies, discount fund brokers and investment houses.<br /><br />For parents that are having a hard time finding large amounts to contribute, the <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a> is recommended, as it has a monthly limit of &pound;25 pounds and is allowed to be held in addition to the Junior ISA.<br /><br style="font-weight: bold;" /><span style="font-weight: bold;">JISA Receives Positive Reaction</span><br /><br />Independent financial counsellors seem to be positive about JISAs. Managing director of London-based fund broker Chelsea Financial Services, Darius McDermott, states: &ldquo;This is the first time there has been a simple tax- efficient savings product for children with a reasonable investment limit.&rdquo;<br /><br />According to investment house Fidelity, 10% of the parents say they will open a JISA, despite lacking knowledge of the rules. For cash JISAs, the best thing to do is to find one with the best interest rates. For the Stocks &amp; Shares JISAs, a discount fund broker might be the best option as charges are decreased, sometimes annually.<br /><br />Another way to save money is the traditional children&rsquo;s savings account or the <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Saver Plan</span> </a>which is especially useful for new parents because it allows for savings from &pound;7.50 to &pound;100 pounds a month. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/People-Not-Aware-of-Savings-Safety-Net.aspx http://www.MyEggNest.com/News/People-Not-Aware-of-Savings-Safety-Net.aspx Fri, 04 Nov 2011 15:28:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;"><span style="color: rgb(0, 0, 0);">By Sophia Start</span><br /><br /></span></span>The advertising campaign that was launched to inform the public about the savers protection for banks has failed, despite the &pound;4m that was spent on it. <br /><br />When an authorised institution goes bankrupt its clients are promised up to &pound;85,000, the Financial Services Compensation Scheme (FSCS) says. The amount has been increased with &pound;35,000 since 2011 after the Northern Rock saga. However, surveys have shown the public is not aware of this, despite the campaign which lasted three months.<br /><br />Chief executive of the FSCS, Mark Neale, says he does not think advertising reaches people and wishes to see the banks displaying this information on their websites and making it part of their information about financial services.<br /><br />One recommended children&rsquo;s savings plan is the tax-exempt <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Savers Plan</span></a>, which is especially useful for new parents because it allows for savings from &pound;7.50 to &pound;100 pounds a month. <br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">FSCS&rsquo;s Funding Review Continued</span><br /><br />The City watchdog recently announced that it will continue its funding evaluation of the FSCS. This was stopped for twelve months after the FSCS spoke of modifying its regulations. <br /><br />From 2012, the Financial Services Authority (FSA) will inspect the levies that financial organisations have to pay for the scheme&rsquo;s funding. Some smaller organisations have asked to charge the banks that had the greatest chance to fail more than those who were more careful. <br /><br />The <span style="font-weight: bold;">Junior ISA</span>, a children&rsquo;s savings account which allows &pound;3,600 in tax free deposits each year, can really make a difference in contributing to the &pound;27,000 that parents will need to ensure that their child graduates debt-free.<br /><br style="font-weight: bold;" /><span style="font-weight: bold;">FSCS Wants to Pay Out Quickly</span><br /><br />In the year 2010-11, the amount of claims for compensation by people that had savings or investments with institutions that went bankrupt has risen with a quarter. So far, the scheme has compensated for &pound;535m.<br /><br />The FSCS hopes to pay out the compensation within seven days when a financial institution goes bankrupt, even though the law only requires them to pay out within 20 working days. According to Mr Neale, most of the payments of this year had been done within a few days.<br /><br />For parents that are having a hard time finding large amounts to contribute, the <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a> is recommended, as it has a monthly limit of &pound;25 pounds and is allowed to be held in addition to the Junior ISA.<br /><br />He stated that the FSCS was founded ten years ago, but showed its use especially now with the financial crisis. He warned that pre-paid cards are not refundable, as they are not covered by the FSCS. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Tchenguiz-Has-Come-to-an-Agreement-with-Kaupthing.aspx http://www.MyEggNest.com/News/Tchenguiz-Has-Come-to-an-Agreement-with-Kaupthing.aspx Fri, 04 Nov 2011 15:14:00 GMT <span style="font-style: italic;"><span style="font-weight: bold;"><span style="color: rgb(0, 0, 0);">By Rowena Purrett</span><br /><br /></span></span>The UK property tycoon Vincent Tchenguiz has had a part as advisor to a trust in a settlement with liquidators of the Icelandic bank Kaupthing over the losses it induced after the bank&rsquo;s bankruptcy three years ago. <br /><br />Would you like to save for your children to give them a future? Try Forester Friendly&rsquo;s <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank"><span style="font-weight: bold;">Child tax exempt savings plan</span></a> and save without paying Income or Capital Gains Tax.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Tchenguiz Family Trust Will Receive Sum</span><br /><br />The agreement that has been made is that Kaupthing will give an unknown amount to the Tchenguiz Family Trust, whereas before Tchenguiz demanded a compensation of 1,5 million pounds and had already taken legal steps.<br /><br />Tchenguiz and his brother Robert Tchenguiz were closely connected with the Icelandic bank and endured big losses when Kaupthing was one of the first banks to collapse during the start of the banking scandal in 2008.<br /><br />Kaupthing was accused by the trust of blowing the strength of its financial circumstances out of proportion. The trust&rsquo;s lawyers stated that if the true financial position of Kaupthing had been known, the trust would never have granted property assets that later were taken again when the bank went bankrupt.<br /><br />The <span style="font-weight: bold;"><a href="http://www.myeggnest.com/info/Junior-ISA.aspx">Junior ISA</a>,</span> a children&rsquo;s savings account which allows &pound;3,600 in tax free deposits each year, can really make a difference in contributing to the &pound;27,000 that parents will need to ensure that their child graduates debt-free.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Robert Tchenguiz Demands &pound;330.7mil</span><br style="color: rgb(0, 0, 0);" /><br />In another lawsuit, Robert Tchenguiz has taken Kaupthing to court, demanding &pound;330.7 million to compensate for losses.<br /><br />The Serious Fraud Office is still inspecting the brothers Tchenguiz. Last spring, they were arrested as part of an investigation of the role of Tchenguiz in the bank scandal. He had access to all loans of the banks, whereas other banks did not want to help him any longer. Furthermore, the Icelandic establishment of the bank agreed to it, not the English arm.<br /><br />The two brothers want a judicial review in the probe of the SFO. The Tchenguiz Family Trust had four companies working for them who went into administration after the investigation started.<br /><br />One recommended children&rsquo;s savings plan is the tax-exempt <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Savers Plan</span></a>, which is especially useful for new parents because it allows for savings from &pound;7.50 to &pound;100 pounds a month. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Different-Savings-Options.aspx http://www.MyEggNest.com/News/Different-Savings-Options.aspx Fri, 04 Nov 2011 14:45:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Ameet Magan</span></span><br /><br />It is possible to bring Bank Rate down to 0.25 per cent this November, that is, as far as certain employers who make the Bank of England&rsquo;s policies are concerned. Some involved in the Monetary Policy Committee had wanted to see a lower Bank Rate, as minutes of a meeting showed. However, the outcome of the meeting was that quantitative easing was prolonged.<br /><br />Despite Bank Rate being 0.5% now, some banks will not let their customers benefit from this. <br />The Junior ISA, a children&rsquo;s savings account which allows &pound;3,600 in tax free deposits each year, can really make a difference in contributing to the &pound;27,000 that parents will need to ensure that their child graduates debt-free.<br /><br />One recommended children&rsquo;s savings plan is the tax-exempt <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Savers Plan</span></a>, which is especially useful for new parents because it allows for savings from &pound;7.50 to &pound;100 pounds a month. <br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Chelsea Building Society Rate of 3.3%</span><br /><br />Although the Bank Rate will not go up, this week Chelsea Building Society has an ISA which pays out 3.3% for 12 months. <br /><br />Only four years ago, 3.3% would have been seen as very low, as Bank Rate was 5.5% at that time. Nonetheless, in times like these, savers do their best to get their hands on an account without tax with a rate that is six times as high as the Bank Rate of the Bank of England.<br /><br />The <a href="http://www.myeggnest.com/info/Junior-ISA.aspx"><span style="font-weight: bold;">Junior ISA</span></a>, a children&rsquo;s savings account which allows &pound;3,600 in tax free deposits each year, can really make a difference in contributing to the &pound;27,000 that parents will need to ensure that their child graduates debt-free.<br /><br />The ISA of the Chelsea Building Society can be opened with &pound;100 and has a maximum of &pound;5.340 for this year. The disadvantage of the Chelsea Building Society&rsquo;s Isa is that it does not accept transfers in.<br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Other ISA&rsquo;s</span><br /><br />West Bromwich Building Society has an Isa with a rate of 4.1% for a year. The drawback is that the saver will have to pay an amount between &pound;10 and &pound;250 every month. You cannot withdraw in the first year, but you can fail to pay up to two times.<br /><br />Although the rate is much lower than the rates of HSBC and First Direct, which are 8%, but with the latter two only people who are already customers of them can open such an account. <br /><br />For parents that are having a hard time finding large amounts to contribute, the <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a> is recommended, as it has a monthly limit of &pound;25 pounds and is allowed to be held in addition to the Junior ISA.<br /><br />Leeds Building Society let their customers manage their account online. Their rate is 3.05%. Furthermore, it says it will always pay 2.55% more than what the Bank of England&rsquo;s Bank Rate is. The rate will not change until November next year. The account always has to hold &pound;100. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/The-Junior-ISA.aspx http://www.MyEggNest.com/News/The-Junior-ISA.aspx Thu, 03 Nov 2011 00:00:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Sophia Start</span></span><br /><br />The Junior ISA replaced the Child Trust Fund on 1 November this year. The maximum amount is &pound;3,600 without having to pay taxes. This can be done until the child reaches the age of 18. The difference with the Child Trust Fund is that the government will not give incentives and neither will it make donations.<br /><br />The Labour government introduced the <a href="http://www.myeggnest.com/Info/Child-Trust-Funds-Summary.aspx"><span style="font-weight: bold;">Child Trust Fund</span></a> as a means to give every child an opportunity to have some savings for the future, whatever the child&rsquo;s background. Every baby was given a voucher worth &pound;250, provided they chose certain providers, and the government donated up to &pound;1,200 every year tax-free.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Government Comes up with Junior ISA</span><br /><br />Initially the present government wanted to get rid of the savings scheme altogether. However, because so many were in favour of a scheme, the government came up with the Junior ISA.<br />Many savings providers are part of the scheme. Customers who already have a Child Trust Fund cannot get a <a href="http://www.myeggnest.com/info/Junior-ISA.aspx"><span style="font-weight: bold;">Junior ISA.</span></a><br /><br />Natasha Terbraak of MyEggNest.com said that the vouchers that came with Child Trust Fund could win parents over who would not have saved for their children otherwise and made them become involved in the children&rsquo;s savings market.<br /><br />She added: &ldquo;Though the voucher scheme proved too expensive for the Government to justify preserving, tax-free accounts like the Junior ISA will still offer children who did not qualify for a CTF the chance to make large contributions tax-free, and hopefully rates will be competitive as new providers compete for new customers.&rdquo;<br /><br />Furthermore, she said that she hoped that in the end assets from the Child Trust Fund would be transferable to the Junior ISA. One recommended children&rsquo;s savings plan is the tax-exempt <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384" target="_blank"><span style="font-weight: bold;">Young Savers Plan</span></a>, which is especially useful for new parents because it allows for savings from &pound;7.50 to &pound;100 pounds a month. <br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Junior ISA Helpful to Save for Increased University Fees</span><br /><br />The Junior ISA could be a great way for parents to save for their children so universities fees can be paid, since there will be a significant increase in fees next year. Many people believe that the Junior ISA is a way for rich people to avoid tax, since the government does not contribute, although Terbraak says this is not true.<br /><br />If you want to save for your children, but do no want to contribute a large quantity every month, <span style="font-weight: bold;"><a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx" target="_blank">Child Tax Exempt Savings Plans</a> </span>or &lsquo;TESPS&rsquo; could be something for you. With TESP you can contribute up to &pound;25 a month tax-free. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Recycling-Reduces-Costs-Waste-Disposal.aspx http://www.MyEggNest.com/News/Recycling-Reduces-Costs-Waste-Disposal.aspx Thu, 03 Nov 2011 00:00:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By A. Velasco</span></span><br /><br />Savings and revenue that is made by recycling for a period of three months will be as much as the amount of money that is needed to get rid of a month worth of waste. This is what Highway Superintendant Stanley Smotherman said to the solid waste authority when he made a report about Rutherford County&rsquo;s reusing endeavours.<br /><br />The total amount that is paid to destroy waste at the Middle Point landfill was $19,352.43 this September. The amount that was raised by recycling was $20,536.46 during the previous quarter.<br /><br />The <a href="http://www.myeggnest.com/Info/Childrens-Pension.aspx"><span style="font-weight: bold;">children&rsquo;s stakeholder pension</span> </a>is a great way to start saving money for your child&rsquo;s retirement. Saving a little every month will add up, and will guarantee your child lives happier throughout their retirement.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Rutherford County Saves Money by Recycling</span><br style="font-weight: bold;" /><br />This July, August and September Rutherford County saved $5,783.35 by reusing things instead of getting rid of it.<br /><br />According to authority members, the circumstances were completely different at the end of 2008, when scrap metal did not have much value. As a result, the solid waste authority had to make up another recycling contract after the vendor did not manage to pay the county on time.<br /><br />Another observation that Smotherman made was that aluminium cans were not recycled much, but this would change as the county will recycle many of them this November.<br /><br />The <a href="http://www.myeggnest.com/info/Junior-ISA.aspx"><span style="font-weight: bold;">Junior ISA</span></a>, a children&rsquo;s savings account which allows &pound;3,600 in tax free deposits each year, can really make a difference in contributing to the &pound;27,000 that parents will need to ensure that their child graduates debt-free.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Survey Shows Most Women in County Recycle</span><br /><br />Solid waste coordinator Gay Ervin held a survey under 80 women to ask about their recycling habits in September. 90% of the women recycled paper and cardboard, 80% recycled aluminium cans and 60% recycled plastic.<br /><br />After John T. Bobo heard of the Tennessee Walking Horse National Celebration, he asked Ervin to help out with the recycling scheme of the Celebration CEO Doyle Meadows.<br /><br />The authority was also told by Smotherman about Jason McGee who has said farewell to his job as office manager for the facility that deals with the disposal of the county&rsquo;s tire. Diana Forbes, who used to be the general manager of Shelbyville Recycled Fiber, has taken over.<br /><br />Smotherman was positive about Forbes&rsquo;s achievements so far, saying: &ldquo;She is very familiar with the recycling area and where the markets are.&rdquo;<br /><br />For parents that are having a hard time finding large amounts to contribute, the <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a> is recommended, as it has a monthly limit of &pound;25 pounds and is allowed to be held in addition to the Junior ISA. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a style="font-weight: bold;" href="http://www.facebook.com/myeggnest">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" alt="" style="width: 179px; height: 150px;" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a href="http://www.addthis.com/bookmark.php" target="_blank" onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);"><strong><img width="160" height="24" border="0" src="http://s9.addthis.com/button2-bm.png" alt="AddThis Social Bookmark Button" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a href="http://en.wikipedia.org/wiki/Social_bookmarking" target="_blank"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" src="/uploaded/image/duckgototop.gif" alt="Chick" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Number-of-Children-Living-in-Poverty-Decreased.aspx http://www.MyEggNest.com/News/Number-of-Children-Living-in-Poverty-Decreased.aspx Wed, 02 Nov 2011 15:54:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Rajan Chagger</span></span><br /><br />According to official research, the amount of children that live in poverty has decreased with 2% to 20% (2.6m) during the final year of the former government.&nbsp; Ministers of the present government blame the former Labour government for failing to spend the huge amount of money that was spent to decrease child&rsquo;s poverty efficiently.<br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Government Claims Work Is the Answer</span><br /><br />Work and Pensions Secretary Iain Duncan Smith stated: &ldquo;These figures lay bare the growth of income inequality in the UK which is now the highest it has ever been. This gap between the poorest and richest in our society has accelerated over the last five years despite an astonishing &pound;150bn injected into tax credits alone.&rdquo; <br /><br />The <a href="http://www.myeggnest.com/info/Junior-ISA.aspx"><span style="font-weight: bold;">Junior ISA,</span></a> a children&rsquo;s savings account which allows &pound;3,600 in tax free deposits each year, can really make a difference in contributing to the &pound;27,000 that parents will need to ensure that their child graduates debt-free.<br /><br />He thought that the only way to make a real difference is through work. The government is of the opinion that their big changes in the benefit system will be beneficial for millions of people and will get more children out of poverty.<br /><br />The number of adults living in poverty has not really changed. 16% of the working age (5.7m) live in poverty at the moment. In addition, about 18% of the pensioners (2.1m) live below the poverty line. This is a decrease of 2%. However, when housing costs are taken into account, there is no change.<br /><br />For parents that are having a hard time finding large amounts to contribute, the <a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a> is recommended, as it has a monthly limit of &pound;25 pounds and is allowed to be held in addition to the Junior ISA.<br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Children&rsquo;s Charities Still Concerned</span><br /><br />The chief executive of Children&rsquo;s charity Barnardo&rsquo;s, Anne Marie Carrie, stated: &ldquo;We remain concerned that numbers may well rise again due to cuts and the economic downturn.&rdquo; Other children&rsquo;s charities have uttered the same concerns.<br /><br />Unicef and Safe the Children allude to the millions of children that are still living in poverty.<br /><br />Margaret Curran, shadow work and pensions minister, stated: &ldquo;If the Tories are claiming that work is the best route out of poverty it beggars belief that they are hitting families with a squeeze on childcare costs. They should be making it easier for parents to work and pay tax so that we can get the deficit down.&rdquo;<br /><br />Even if your child is older, there is nothing to lose by opening up a tax-free account, such as a <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384"><span style="font-weight: bold;">Young Savers Plan</span></a>, and contributing affordable amounts that will help your child immensely when they are older. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/HSBC-and-Santander-Customer-to-Leave-Bank.aspx http://www.MyEggNest.com/News/HSBC-and-Santander-Customer-to-Leave-Bank.aspx Wed, 02 Nov 2011 15:26:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Rowena Purrett</span></span><br /><br />Liberal Democrat MP Ed Davey has advised HSBC and Santander customers to switch to another bank if the two keep preventing accessing accounts at Post Office branches. They are the only two banks who refuse to connect their systems to the Post Office&rsquo;s network. Davey was disappointed by the refusal and has asked the banks to reconsider. <br /><br />Condsider opening <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx"><span style="font-weight: bold;">Child tax exempt savings plans</span></a> for your child. They can be held in addition to the Junior ISA or a Child Trust fund, allowing you to save more for your child. . Child TESPs, offered by Friendly Societies, typically allow up to &pound;25 per month tax-free.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Post Office Good Substitute to Closed Bank Branches</span><br style="font-weight: bold; color: rgb(0, 0, 0);" /><br />In the previous year, out of the total of 187 branches closed by the major UK banks, HSBC shut down 58. According to campaigners, Post Offices would be a good alternative to access accounts if the bank branch has closed.<br /><br />A spokesman of the HSBC said that it is not against the access via Post Office branches, but stressed that all decisions would be &ldquo;customer-driven&rdquo;. <br /><br />The Junior ISA which was launched on 1 November allows you to save for your child tax free. It is a new alternative to the child trust fund. <a href="http://www.myeggnest.com/info/Junior-ISA.aspx"><span style="font-weight: bold;">Click here</span></a> for more information on how to invest in a Junior ISA.<br /><br />He added: &ldquo;The reality is we are not holding out. The research we&rsquo;ve done with our customers has come back showing that just one in ten think it [Post Office access] would add to our service.&rdquo;<br /><br />It is estimated that four million people have access to their account and can withdraw cash at a Post Office branch as well as make a deposit.<br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Accessing Account at Post Office Easy </span><br /><br />The main reason for the people who use this option is the ease, according to the survey carried out under 2000 people. They complain about the lack of bank branches. In rural areas cash machines do not always exist.&nbsp; The government likes the Post Office as portal for High Street banks to breath new life into the network. <br /><br />Have a look at the <a href="http://www.myeggnest.com/Info/Childrens-Pension.aspx"><span style="font-weight: bold;">Children&rsquo;s stakeholder pension</span></a> as a simple way to save for your child. Some pension schemes help you to save, adding up to 25% to your savings.<br /><br />It is thought that if full access to accounts at Post Offices branches is granted the amount of people using it will rise from 40 million to 18 million. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Saving-for-Children.aspx http://www.MyEggNest.com/News/Saving-for-Children.aspx Wed, 02 Nov 2011 15:09:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0); font-weight: bold;">By Sophia Start</span><br /><br />Parents and grandparents often seek counsel when they consider giving assets to their children or grandchildren in a way that is favourable with regard to tax. Although there are many possibilities, there are also dangers if people are not careful. Many people are still confused by savings and a bare trust would be better as it is clear who the owner is.<br /><br />If you have any questions about your child&rsquo;s assets, and you don&rsquo;t know where to start, ask one of our friendly experts who will be willing to help with any enquiry you have. <a href="http://www.myeggnest.com/Info/Ask-The-Expert.aspx"><span style="font-weight: bold;">Click here</span></a> for more information.<br /><br style="color: rgb(0, 0, 0); font-weight: bold;" /><span style="color: rgb(0, 0, 0); font-weight: bold;">The Bare Trust</span><br /><br />The profits that come available because of life insurance or capital redemption policies are for the person who received the bare trust. These arrangements can help to provide for school or university fees. Part of the policy can become the responsibility of the child as soon as it reaches 18. <br /><br />The Shepherd&rsquo;s Friendly <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384"><span style="font-weight: bold;">young savers plan</span></a> is a simple and effective way to save for your child. You can save between &pound;7.50 and &pound;100 per month tax free, anyone in the family can contribute and it is available to give to your child at 18.<br /><br />At that moment, the child should be able to abandon these parts, because of their personal allowance and savings income tax band&rsquo;s rate for beginners. A foreign provider might be beneficial in this case.<br /><br /><span style="color: rgb(0, 0, 0); font-weight: bold;">Junior ISA</span><br style="font-weight: bold;" /><br />The child trust fund has been replaced by the <span style="font-weight: bold;"><a href="http://www.myeggnest.com/info/Junior-ISA.aspx">Junior ISA</a> </span>on 1 November. This will be for children under 18 who do not have a Child Trust Fund. The maximum amount that can be added is &pound;3,600 a year. It will go up once the consumer price index increases from 6 April 2013. The maximum amount that can be added to a CTF will also become &pound;3,600 and will go up when the consumer price index does the same.<br /><br />A child is eligible to own two Junior ISAs. One can be used to invest in cash and one in shares and stocks, as long as the total amount of them together is not higher than &pound;3,600. <br /><br />The difference with a normal ISA is that is possible to transfer from one to the other Junior Isa. The people that can manage the Junior ISA are the parents or guardians and the child once it reaches the age of 16. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Planning-For-a-New-Baby.aspx http://www.MyEggNest.com/News/Planning-For-a-New-Baby.aspx Tue, 01 Nov 2011 13:31:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Sophia Start</span></span><br style="color: rgb(0, 0, 0);" /><br />Having a baby should be one of the most happy and rewarding times of your adult life, but for many in the current financial climate it can be a time full of worry. <br /><br />Experts say the first step to having a baby is putting yourself into a calm and resourceful state of mind, as endless worrying is a trap easily fallen into. The first step is to consider your current monthly budget, and factor into it the amount of new, one-time purchases you will need to make from your child. <br /><br />After those considerations, it is important to consider how much you will be able to save towards your child&rsquo;s future. The new <a href="http://www.myeggnest.com/info/Junior-ISA.aspx"><span style="font-weight: bold;">Junior ISA</span></a>, for example, allows &pound;3,600 per year to be contributed tax-free. This means if you contribute &pound;300 pounds per month you will be reaching your maximum tax free savings; over 18 years, the savings will amount to &pound;64,800 before interest. <br /><br style="font-weight: bold;" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Other family plans </span><br style="font-weight: bold; color: rgb(0, 0, 0);" /><br />This money can be used towards your child&rsquo;s education, their first property, or even a wedding. But what about other expenses that you will have to consider that are not exactly linked to your child? <br /><br />Most people have no idea how much they will need to start saving for their pension, and also want to be able to have money leftover each month for trips and holidays to give their child new experiences. One concern that many do not factor in, however, is what will happen to their family and children if they experience an untimely death. <br /><br />Life insurance, such as <a href="http://www.pensioncalculator.org/planning-retirement/over-50-plans/"><span style="font-weight: bold;">50+ Life Cover</span></a>, is one of the security measures most forgotten in family financial planning when budgets start to become squeezed. However, it is an important and affordable measure to ensure your family&rsquo;s comfort and wellness. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Long-term saving</span><br /><br />For short-term saving, it is easy and beneficial to look at the top saver&rsquo;s tables to decide which provider can offer the best rates. Currently the most secure are short, fixed-term bonds. <br /><br />But for saving for the long-term is a harder decision that families should be careful about. One recommended children&rsquo;s savings plan is the tax-exempt <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384"><span style="font-weight: bold;">Young Savers Plan</span></a>, which is especially useful for new parents because it allows for savings from &pound;7.50 to &pound;100 pounds a month. <br /><br />This means when the financial surprises of raising a family come up, your savings account will be flexible to suit your budget. <br /><br />It is recommended that everyone save as much money away from the tax man as possible, but it is one trick that is especially vital for young families who may be struggling financially. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/The-Importance-of-Tuition-Savings.aspx http://www.MyEggNest.com/News/The-Importance-of-Tuition-Savings.aspx Tue, 01 Nov 2011 13:18:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By A. Velasco</span></span><br /><br />According to recent research, over half of parents are not saving in preparation for their child&rsquo;s university fees. <br /><br />With tuition set to increase to &pound;9,000 per year from next September, this news means graduates are going to find themselves graduating from university in increasingly large debt. Because of this, parents who want their child to graduate without debt are encouraged to save as early and often as possible. <br /><br />The <a href="http://www.myeggnest.com/info/Junior-ISA.aspx"><span style="font-weight: bold;">Junior ISA</span></a>, a children&rsquo;s savings account which allows &pound;3,600 in tax free deposits each year, can really make a difference in contributing to the &pound;27,000 that parents will need to ensure that their child graduates debt-free. <br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Start early</span><br /><br />Out of the 48% of parents who said that they are saving for their child&rsquo;s higher education fees, half did not start saving until their child was four years old or older. Additionally, 32% of parents waited until their child was seven years of age or older. <br /><br />Experts warn that waiting this long is operating on old models of thought, as this would have provided ample time to save in the past. However, parents need to start saving much earlier if they want to beat the rise in the cost of education. <br /><br />For parents that are having a hard time finding large amounts to contribute, the <a href=": http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a> is recommended, as it has a monthly limit of &pound;25 pounds and is allowed to be held in addition to the Junior ISA. <br /><br />This is incredibly important for parents who want to cover their child&rsquo;s cost of living while they are receiving their education. Recent estimates put the total of tuition, books, and living expenses at around &pound;48,409. <br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Gender and location</span><br /><br />This means that parents who want their children to graduate debt-free will need to save around &pound;2,689 per year from their child&rsquo;s birth. Those waiting until their child reaches the age of seven will have almost double the responsibility, as they have only 11 years until university and must save &pound;4,400. <br /><br />Savings experts are urging parents who know that they will not be able to pay their child&rsquo;s entire way through university to continue saving regardless, as every little bit helps. <br /><br />Even if your child is older, there is nothing to lose by opening up a tax-free account, such as a <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384"><span style="font-weight: bold;">Young Savers Plan</span></a>, and contributing affordable amounts that will help your child immensely when they are older. <br /><br />The research on parents&rsquo; university savings habits also showed interesting variance between gender and savings. While just 42% of mothers said they were saving for their children, 60% of dads said they were putting away money. <br /><br />In addition, Londoners seem to be the savviest savers, with 65% saying that they have opened children&rsquo;s savings accounts. In contrast, parents in the North East who admitted to not saving for their child&rsquo;s tuition totalled a whopping 73%. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Londoners-Are-Savviest-At-Child-Savings.aspx http://www.MyEggNest.com/News/Londoners-Are-Savviest-At-Child-Savings.aspx Mon, 31 Oct 2011 12:13:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Rajan Chagger</span></span><br /><br />Recently, research has suggested that the balances in children&rsquo;s savings accounts vary greatly depending on where in the UK they reside.&nbsp; The study showed that while the average amounts in children&rsquo;s savings accounts was around &pound;1,296, children in Harpenden in Hertfordshire had more than twice the national average at &pound;3,046. <br /><br />However, great savings products, such as <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384"><span style="font-weight: bold;">Shepherd&rsquo;s Young Savers Plan</span></a>, are available throughout the UK. Unlike other savings accounts this plan does more than hold your money, including a sickness clause that helps you pay for the cost of treatment if your child is ill for more than a month. <br /><br style="font-weight: bold; color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">North London ahead of the pack</span><br /><br />The savviest savers seemed to come from North London, where Uxbridge, Edgware, Harrow, Hounslow, and Wembley all ranked in the top 10 towns for children&rsquo;s savings. <br /><br />The lowest amounts of children&rsquo;s savings were in the town of Gosport, in Hampshire, where children had much less than the national average at just &pound;898 in savings. <br /><br />The government has repeatedly taken measures to encourage savings, from automatically enrolling workers into pension plans to launching the new <a href="http://www.myeggnest.com/info/Junior-ISA.aspx"><span style="font-weight: bold;">Junior ISA </span></a>to replace the Child Trust Fund. This new account aims to encourage savings habits all over the country, in children and adults alike. <br /><br />This is because it is the propensity to save, not the city, personality, or salary of a person, that makes savings grow. Children&rsquo;s savings accounts are such a useful tool for families to save because they allow adults to hone their savings habits while instilling good habits for their child in the future. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Boys and girls</span><br /><br />One children&rsquo;s saving account that is especially useful is the <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Account</span></a>, because it allows parents to contribute an extra &pound;25 tax-free in addition to the limit on their child&rsquo;s Junior ISA or Child Trust Fund. <br /><br />While the savings for boys and girls differed by only &pound;4 when averaged across the nation, the discrepancy between each gender&rsquo;s savings was more pronounced when studying each down individually. In Altrincham, for example, girls have an average of &pound;500 more in savings than boys, with girls having &pound;2,288 compared to boys&rsquo; &pound;1.776. <br /><br />So much effort is being made to research the savings habits of Britons not to chastise certain regions, but because children&rsquo;s savings are markedly more important now than they were in the past. As tuition fees and the cost of living rise, children&rsquo;s savings are a way to ensure that you give your child the best opportunities in life. <br /> <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</font></h2> <p>What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the &quot;Bookmark&quot; link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at<strong> <a target="_blank" href="http://en.wikipedia.org/wiki/Social_bookmarking"><strong><font size="2">Wikipedia - Social Bookmarking</font></strong></a><font size="2">&nbsp;</font></strong></p> <table width="83" height="94" cellspacing="1" cellpadding="1" border="0" align="right" summary=""> <tbody> <tr> <td><a href="#top"><font color="#cc9900"><strong><img width="70" height="58" alt="Chick" src="/uploaded/image/duckgototop.gif" /><br />back to top</strong></font></a></td> </tr> </tbody> </table> http://www.MyEggNest.com/News/Reinvigorating-The-Savings-Habit.aspx http://www.MyEggNest.com/News/Reinvigorating-The-Savings-Habit.aspx Mon, 31 Oct 2011 11:59:00 GMT <span style="font-style: italic; color: rgb(0, 0, 0);"><span style="font-weight: bold;">By Rowena Purrett</span></span><br /><br />Around a decade and a half ago, the Weinberg Committee came together to analyse how the population of Britain was saving. Their findings was that the nation could be divided into thirds, with the lower third of households having no savings at all. The middle tier of households was found to live on a six-month cycle, saving money but then spending on Christmas and then on summer holidays. It was only the top tier that had accumulated enough surplus income to have &ldquo;meaningful&rdquo; savings. <br /><br />However, the wealth of savings products available today mean that everyone can save as little or as much as they can afford. For example, Shepherd&rsquo;s <a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32260&amp;WID=31384"><span style="font-weight: bold;">Young Savers Plan</span></a> allows as little as &pound;7.50 per month to be set away, tax-free, for your child&rsquo;s future. <br /><br style="color: rgb(0, 0, 0);" /><span style="font-weight: bold; color: rgb(0, 0, 0);">Middle incomes</span><br /><br />Most people on middle incomes would not agree that they do not have &ldquo;meaningful&rdquo; savings, mainly because they have property as an investment that is easy to understand and gives a solid return: the ability to live in it. It <br /><br />However, many are finding that their properties are not worth what they paid for them as sinking mortgages are more and more common after the housing burst. Also, as the nation has gotten more affluent in recent years, income inequality has become worse. So how do the rest of us, not in the top tier, cope with the mounting pressure to save to meet rising costs in retirement, higher education, and day to day living? <br /><br />The answer is in cultivating a savings habit that makes us contribute a little, but often. Small contributions in long-term savings are the key to watching your lump sum grow. Holding a long-term savings account for your child, such as a <span style="font-weight: bold;"><a href="http://www.myeggnest.com/info/Junior-ISA.aspx">Junior ISA</a>,</span> is a great way to teach your child good fiscal habits for the future as well as assuring that you take advantage of your tax-free savings allowance. <br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">The rise of debt</span><br /><br />Another huge impact on the savings health of the nation is the rise of negative savings, or debt. <br /><br />Critics of the system say that it is much easier to open a credit card than an ISA, and in fact getting even a simple savings plan such as a <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx"><span style="font-weight: bold;">Child Tax Exempt Savings Plan</span></a> requires proof of identification and residence that credit card companies don&rsquo;t care about. <br /><br />But the extra effort to accumulate positive savings that will help your family prosper is worth it. Think of savings as &ldquo;paying yourself.&rdquo; For some, this means starting small and spending &pound;99 out of &pound;100 instead of &pound;101. For others, it means tightening household budgets so that every time you get paid, your savings gets paid 10, 15, or 20 percent. <br /><br />Keeping your savings habits sharp, even when times are lean, means that you will always have extra money to ensure the wellness of your family. <br /> <div style="text-align: center;"><br />Comment on this subject on our <a href="http://www.facebook.com/myeggnest" style="font-weight: bold;">FACEBOOK PAGE</a><br /><br />Read more news in <a href="http://www.myeggnest.com/news/archive.aspx">MyEggNest News Archives</a><br /></div> <br /> <div style="text-align: center;"><font size="3"><span style="font-weight: bold;">MyEggNest's Top Tip</span></font><font size="2" style="font-weight: bold;">: <font size="3">Shepherds Young Saver Plan</font></font><br /><font size="3"><span style="font-weight: bold;"></span></font></div> <br /><a href="http://track.omguk.com/?AID=3886&amp;MID=150000&amp;PID=7671&amp;CID=3261319&amp;CRID=32256&amp;WID=31384"><img align="left" src="http://track.omg2.com/bs/?CRID=32256&amp;AID=3886&amp;PID=7671&amp;CID=3261319&amp;WID=31384" style="width: 179px; height: 150px;" alt="" /></a><a href="http://www.myeggnest.com/info/Tax-Exempt-Savings-Plans-TESPs.aspx"><br />Child Tax Exempt Savings Plans</a> (TESPs) are currently the most tax efficient way to save for your child - and Shepherds <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">Young Saver Plan</a> gives you the chance to lock away more per month than any other TESP. <br /><br />The plan allows parents to save from as little as &pound;7.50 to &pound;100 each month - 4 times more than any other provider - and offers sickness benefits, along with the ability to withdraw up to 25% of the fund after 10 years. <br /><br />For more information and reviews, <a href="http://products.myeggnest.com/reviews/Shepherds-Friendly-Young-Saver-Plan.aspx">click here</a><br /><br /><br /> <p><a onclick="addthis_url = location.href; addthis_title = document.title; return addthis_click(this);" target="_blank" href="http://www.addthis.com/bookmark.php"><strong><img width="160" height="24" border="0" alt="AddThis Social Bookmark Button" src="http://s9.addthis.com/button2-bm.png" /></strong></a><strong>&nbsp;<script type="text/javascript">var addthis_pub = 'CUJBWGY7YRBQ8K2G';</script><script type="text/javascript" src="http://s9.addthis.com/js/widget.php?v=10"></script><!-- AddThis Bookmark Button END --> </strong></p> <h2><font color="#000000">Bookmark this page</fo