Personal Finance

Three Extra Days to File Tax Forms

In the wake of Emancipation Day, a little-known Washington D.C. holiday that celebrates the freeing of slaves in the district, tax-payers have got extra three days to file their forms.

April 15 is known as the deadline for the filing the taxes but now it has got extended to April 18.

Home Loan Payment Scaling High in the UK

A reasonable increase in the number of independent homeowners has raised many eyebrows. A shocking £57.4 billion has been pushed in the market by the homeowners to lay off their debt since second quarter in 2008, as per the Bank of England.

Sainsbury’s Finance: 70% people use credit cards to shop online

Sainsbury’s Finance

According to a study from Sainsbury’s Finance, nearly 70 percent of Britons use their credit cards on a regular basis for shopping online; and spend an average of almost £200 per month.

Banks to Offer Consumers with Options Regarding Overdraft Protection

Last year, the US residents shelled out over $30 billion to banks in overdraft charges. The Federal Government has come about with an answer to defend the customer in a better way. Beginning from July 1st, banks will have to provide customers with alternatives, when it comes to overdraft defense.

Self Managed Super Funds Misused As Personal Assets

Self Managed Super Funds Misused As Personal Assets

The Self Managed Super Funds Phase Three’s preliminary reported, that dealt with the issue of Self Managed Super Fund’s will be banned from investing in the personal use assets.

One Fifth Britons Have No Savings

One Fifth Britons Have No Savings

A recent survey has revealed that more than one fifth of the people in UK do not have any saving, with only 35% of them possessing less than £500 each as savings.

On an encouraging note, the study explained, the number of people adopting measures of savings has reached 47%, growing from 40% in August 2009.

Investor’s Rushing Up to Meet Isas Deadline

Investor’s Rushing Up to Meet Isas Deadline

Easter weekend is being celebrated but many of the stressed savers and investors will be hurrying to use up their tax- free Isas allowance before April 5. It has been predicted that an amount of more than £500m will be made as an investment in equity shares and cash over the Easter weekend.

Roth IRA Plan Better than Traditional Plan

Tax-deferred savings programs like individual retirement accounts and 401(k) plans have benefited millions of Americans, but there are some wrong notions regarding those plans which should be made clear. For example, the IRAs and 401(k) plans simply delay the paying of taxes and don't allow users to avoid them altogether.

New Law Protects Credit Card Users

Credit-Card

Credit card law helped millions of customers on Monday, as banks are unable to jack up interest rates. The law is in order to hold back blatant maltreatments but leaving loopholes that may catch the consumer off guard.

"Today is a great day for anyone who has a credit card in their wallet", said Rep. Carolyn Maloney an author of the legislation to the reporters.

Tax-free Savings Accounts gains Popularity

Tax-free-Savings-Accounts

The tax-free savings account has gained popularity as the amount of money in TFSAs swelled by 27%, resulting in growth at full-service brokerage accounts.

Toronto-based Financial Research Firm Investor Economics Canadians opened 4.7 million TFSA accounts containing assets of $15.8-billion, of which the 3.6 million accounts holding $12.4-billion sprang up.

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