{"id":8236,"date":"2015-03-23T13:59:02","date_gmt":"2015-03-23T06:59:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/has-the-cash-isa-become-pointless\/"},"modified":"2016-03-16T21:22:18","modified_gmt":"2016-03-16T14:22:18","slug":"has-the-cash-isa-become-pointless","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/has-the-cash-isa-become-pointless\/","title":{"rendered":"Has the cash Isa become pointless?"},"content":{"rendered":"


\nWith its 7.25% tax-free interest rate, people raved about Labour chancellor Gordon Brown\u2019s new savings vehicle in 1999. Not any longer Boyzone, the Backstreet Boys and Westlife were topping the charts in 1999, and then chancellor Gordon Brown scored a little hit of his own. In April, he launched the cash Isa announced in his budget the previous year.Thousands eagerly took out the tax-free accounts that offered inflation-busting interest rates. Back then, the best buy from Smile came with an interest rate of 6.5% \u2013 rising to 7.25% the following year. Isas were hugely popular because, with available rates of 7.25%, anyone with savings of just \u00a37,000 would get \u00a3500 in interest and not have to pay a penny of tax. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Has the cash Isa become pointless?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With its 7.25% tax-free interest rate, people raved about Labour chancellor Gordon Brown\u2019s new savings...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-8236","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-28Q","jetpack-related-posts":[{"id":15238,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-cuts-interest-rates-on-cash-isa\/","url_meta":{"origin":8236,"position":0},"title":"Nationwide cuts interest rates on cash Isa","date":"June 2, 2016","format":false,"excerpt":"\r Building society becomes latest financial provider to cut rates, as diminishing returns mean insititutions fall out of love with savings schemeNationwide has become the latest big-name savings provider to cut the interest rates on its range of cash Isas, to reflect what the building society says is the general\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/personal-savings-allowance-changes-should-i-still-get-a-cash-isa\/","url_meta":{"origin":8236,"position":1},"title":"Personal savings allowance changes: should I still get a cash Isa?","date":"March 12, 2016","format":false,"excerpt":"\r The new allowance will let most people earn up to \u00a31,000 a year in interest tax-free. For many, the cash Isa could become pointlessNext month will see a revolution in how your bank and building society accounts are taxed. Until now, your account provider has automatically whipped 20% from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6938,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-a-savings-revolution-coming-be-prepared\/","url_meta":{"origin":8236,"position":2},"title":"There\u2019s a savings revolution coming \u2013 be prepared","date":"March 21, 2015","format":false,"excerpt":"\r The budget saw the chancellor do away with tax on deposits, putting the humble cash Isa\u2019s existence in danger and opening a number of avenues for canny saversThis week George Osborne handed savers the biggest tax break in decades. Some people will be able to put as much as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/internet-peer-to-peer-lenders-offer-savings-rates-that-are-peerless\/","url_meta":{"origin":8236,"position":3},"title":"Internet peer-to-peer lenders offer savings rates that are peerless","date":"October 10, 2015","format":false,"excerpt":"\r I\u2019ve long been wary of P2P lending, but high street banks are offering such paltry returns. So I\u2019ve taken the plungeThe easy saver account at my bank pays a princely 0.25% interest. If I open up its cash Isa and take advantage of my tax-free allowance instead, the rate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65116,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/popularity-of-cash-isas-collapses-in-space-of-year\/","url_meta":{"origin":8236,"position":4},"title":"Popularity of cash Isas collapses in space of year","date":"August 31, 2017","format":false,"excerpt":"\r Tax rule changes and low interest rates blamed after amount invested fell from \u00a358.7bn in 2015-16 to \u00a339.2bn last yearCash Isa savings accounts have collapsed in popularity, with a \u00a320bn fall in the amount invested in the space of 12 months.A combination of changes to tax rules and continuing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7898,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/isa-season-fails-to-boost-lowest-ever-savings-rates\/","url_meta":{"origin":8236,"position":5},"title":"Isa season fails to boost lowest ever savings rates","date":"March 14, 2016","format":false,"excerpt":"\r Industry expert blames government\u2019s funding for lending scheme for poor returns on Isas and savings accountsSavings rates have plummeted to the lowest level in history at a time when banks and building societies are typically trying to attract savers\u2019 cash.Instead of raising rates during Isa season, providers have been\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8236"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=8236"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8236\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=8236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=8236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=8236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}