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iiri CtUheroe AdvetHser &Times, Thursday. June 3.20 10 pww^Withema^^ Jvvn^theroeadvertlsf.r..t. financial strength | trusted name +
www.clllheroeadvenl5er.cti III. Clltheroe Advertiser &Times, Thursday. June 3.20 10
www.themarsden.co.uk M
■ ■, ^ 25 • YOUR MONEY 5 n
If your offspring is asking for pocket money, they’re probably old enough to save. LISA SALMON shares her child-friendly financial tips
gli\SAVINGa^COUNrc.V' Children’s savings accounts are ^ ”
rrSsfsi,,, available at rriost banks and building ■;i ; societies.'/, , '
/
jjc.iThese have easy, acceM an d :
,;j, unlimited withdrawals; but sorhe' ; accounts will require up to 60 days .
.i, notice before a withdrawal can be madei?| Interest rates'vaiy/but the best rates will be
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K f m
I ! on regular saver deals.
v?; As a parent, you will usually be in chaige of the account until your child is aged 16.
TRUSTFUND ‘
; A Child Trust Fund (CTF) is a’savings and < - ■
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can be a stakeholder, or savings account; one that invests in shares
• The account belongs to the child, but th e y '• won’t be able to t9 uch it until they’r e / 8 . ; ' ' „
,
' investment account for children, available from s : different providers. ’
Children bom on or after September 1; 2002 ? • will receive a £250 voucher from the ■ ’ I government to start their, own account, which
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Deposit up to a maximum £1,200 a year, and pay zero’ tax on interest and gains.
BONUS BONDS.
^ Consider applying at a Post Office for Children’s ’ . Bonus Bonds. These are available in issues, : ; each with its own rate of return. Invest up to ' : , £3,000 per issue, in units of £25. , : .:
For.five years, the child’s bond will earn •. interest at a fixed rate and then your child will i^ receive a bonus, agreed at the outset. At this . ' . : , point you decide whether to cash in the bond or leave it invested. All returns are tax-free for ■. «
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both children and parents, sp bonds are a great way to build a n e k eggf'But’if bonds are
■ cashed in before the five'years are up, there will be no bonus ' - ’
, PREMIUM BONDS : • " : : ■ ■
. Children can own Premium Bonds from £100 to : £30,000. These are simply savings where the ■ . I interest paid is decided by a monthly prize draw
; .and you can win between £25 and £1 million tax free.
' ' ' You can buy Premium Bonds for your child or
. 'grandchild and look after them until they reach ■ ; the age of-16. These can be an exciting way to save, but bear iri mind that most pkrple will win • much less than the interest rate would pay.
SAVINGS CERTIFICATE ' Index-linked Savings Certificates (NS&I) for your
children means tax-ftee savings. Invest anything from £100 to £15,000 for three or five years and the value of the investnient is guaranteed to
■ keep up, with inflation.'^The interest rate is also - guaranteed. - ‘
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'ou don’t have to be dressed top-to-toe in designer labels to look like you’ve just stepped off the catwalk.
Bright young things like Lily Allen, Peaches Geldof and Daisy Lowe are mixing up their high- ■
end fashion with affordable vintage pieces for guaranteed originality. Lily is such a fan of vintage she's taking a
break from music to launch her own store, Lucy •in Disguise - a swap shop full of unique clothes I customers can rent at “affordable prices so they
can go out and feel like a million dollars”. eBay is another hotbed of vintage bargains.
More and more retailers are setting up virtual ,, 'shops’ where you can buy discountari pieces on a ’Buy It Now’ option. Even high-end designers are joining the online .
marketplace. Narciso Rodriguez recently sold his first ' ever capsule collection exclusively on the site, with ■ fixed pnces ranging from just £40. The internet has ' : opened up opportunities for looking stylish on a • budget.
.. . Check out virtual stylist websites such as
Jeans, shirts, waistcoats, shorts and dresses- anything goes with the- never-die denim trend. Denim shirt, £10; skinny jeans, £8; belt, £2; court shoes, £9, all Primark, www.
primark.co.uk
www.dressmedaisy.com which scours the online High Street to bring you outfit suggestions tailored to your budget in one affordably stylish swoop. And if you want designer clothing at a snip of the
price, go to your nearest sample sale. Sign up for alerts about forthcoming events at :■ . . ■ -
www.fashionconfidential.co.uk or ■ '
www.secretsamplesale.co.uk'■ / . -
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Forget the bargain bins and sale rails; they’re often last season’s leftovers that usually haven’t sold for a reason. Instead focus your fashion attention on •• investment buys, the ’boomerang’ pieces that never go out of fashion and are bang on trend . ■
. season after season. TTiese wardrobe staples can easily be reworked to ■ create fresh looks. ■ ^.
Comfortable wedges, £25, Limited Collection at Marks & Spencer,
www.marksandspencer.com
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ffiNORTOWEST AdmD X bt
U UCNMlY I) Air Ambulance , : • ■
There’s no need to cut back on clothes to save cash. Fashion editor LISA HAYNES reveals how/ to be ^ on-trend without
«: : upsetting f" manager
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o p e n a n a c c o u n t andmakeadifference
: Marsden members have so far helped to raise : over £18,000 supporting the air ambulance
. Our annual donation will increase as your savings grow No element of your interest is given to charity
, i
;^.MaradenBuildi^Socely'sauthonsed andregulated by IheRnancialSemcesAumotiV and is'enlered In IhaFSA Register mdernumber 206050. AliiembefbiitieRnanaal&r*^^^ telephone calls may be recorded and monaored. Marsden Building Sociely Principal Ollice 6-20 Russell Street Nelson Uncashlre
Rnancal Ombudsman Service ------ . .... ... l_ l_ visit local branch marsden B U I L D IN G SOCIETY
Open an nwaa saver and support the work of the air ambulance ^
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