Finance Daily Newsletter - January 2007
SavingsMortgagesPensionsTaxInvestments

Banks have had an easy ride and reaped record profits in Britain for too long, and now more and more customers are biting back.

From payment protection insurance to mortgage exit fees, shady and unfair banking practises are now coming into question like never before. One Finance Daily subscriber claimed back £150 in mortgage exit fees last month after following our advice - if you haven’t yet, Click Here to find out how.

And, did you know that if you have been charged extortionate penalty charges from your bank for going over your agreed overdraft limits, you can claim money back too. Find out how with our step-by-step guide. Also this month we take a sneak peak at HIPs, which are set to change the property market forever and expert information on ISAs ahead of the April 5th tax deadline.

Breaking News… The Bank of England has today decided to keep interest rates at the same level - 5.25% - for another month. Find out More.


Features

Claim Back Bank Charges: If you have been charged extortionate penalty charges by your bank you can claim them back. Find out how with our step-by-step guide.

ISA Season: With April's ISA deadline looming, now is the time to invest in order to use your tax-free entitlement for this year. Find our more with our expert ISA Guides.

Enter the Dragon - China & Investments in 2007: As recent stock market activity proves, returns are not automatically guaranteed when investing in China. We asked the experts on where to invest.

Get Ready for HIPs: Drawing praise and criticism in equal measure, Home Information Packs are set to transform the house buying and selling process. Find out what they mean for you.

Index Funds: Users of index funds are often accused by active managers of missing out on huge potential returns, but James Norton of Evolve Financial Planning has yet to come across anyone who can persuade him otherwise. Find out Why.

Find the Right Advice: Whatever your financial situation it is important that you seek the right type of advice. Follow our guide on how to find the right IFA for you.

Join the Debate - Inheritance Tax: Is the Inheritance Tax threshold unfair? We want to hear what you think.

Do your family and friends a favour and recommend this newsletter for expert money saving tips and financial advice. Forward to a Friend


Questions & Competitions
My wife and I have just been left £75,000 from the sale of my wife's mother's house (mother deceased). We are both 50 years old. We wish to put the money into a high street account with instant access & interest paid monthly.... are we doing the right thing?

Nearly 2 years ago my husband died and I kept our house which was in joint names.....I am being pressured by my family (son in law) to put both the inheritance from my husband and from my mother into separate trusts to avoid inheritance tax (IHT)....what should I do?

Property People: Guess & Win So you fancy yourself as a bit of a property price expert, do you? Guess the correct asking price the property we are describing was selling for and you could WIN £30.

Who Won Last Month

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News

Free Banking Could ‘Disappear Within Two Years’: Free banking for all could disappear within two years as part of a backlash from banks against consumer and regulatory pressure on charges.

First-Timers Go It Alone Despite Price Rises: Fewer first-time buyers are turning to their parents for help getting on the property ladder, despite continued house price growth.

Brits Unaware of Inheritance Tax Changes: New research shows that the vast majority of Brits are totally unaware of major new changes to Inheritance Tax law.

PPI Complaints: Payment protection insurance mis-selling complaints are set to rival the endowment mis-selling issue with numbers of complaints running into the tens of thousands.

Pensioners Forced to 'Scrimp and Save': Elderly people are being stripped of their dignity by a pensions system that leaves them battling against poverty, new research argues.

For more breaking personal finance news, Click Here

Money Guides

ISAs

Mortgages

Credit Cards Pensions

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