Travel insurance for older people "makes sense" - Published:04/12/07
The UK banked a evidence amount of savings between April and June of this day new figures have shown, with some £386 million put away for a rainy daylight hoursPremium Bond's operator National Savings & asset (NSI) has announced that it is to create ten people millionaires to celebrate its 50th birthdayThe average mature in the UK has almost double the recommended minimum financial 'safety mesh' squirreled away in their bank accounts, according to Birmingham MidshiresSpokesperson for the solid Steve Gracey said: "If you are dedicating a exacting service or product to this age group then going beyond 60 or 65 makes senseHe explained that the foreword of policies for older travelers will "provide a real benefit", next research by the company that exposed 92 per cent of travel cover policies impose an upper age limitAccording to over 50s cover provider Saga, for one-third of older travelers escapade was rated an significant feature of their tripMore than half of over 50s plan to take long-haul trips and journey more regularly, claims Alliance & Leicester The bulk also rated travelling as more.
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Saga Personal Finance: Equity release can bring forward inheritance - Published:12/09/07
wwwmoneynewscouk > universal finance > Saga Personal Finance: Equity release can bring forward inheritanceChoosing to release equity from a house can allow people to "bring forward" an legacy for the brood or grandbrood, it has been claimedThe over-50s specialist claimed that many people choose to use equity let go for this reason instead of as a income to supplement incomeIn contrast to reducing the eventual legacy that people will pass on to their heirs, Saga argues that this use of equity let go should be seen as an advance payment"It is a common anxiety that by releasing equity from their home people are concerned they will have less to pass on to their heirs but as mentioned above, for some people it helps 'bring forward' the inheritance," said Clare Cracknell, manager of marketing for SagaShe advised that people considering this method of generating money should speak to a expert adviserServices which Saga offers its customers include holidays to universal destinations, an award-winning.
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Six Of The Best Accounts For Silver Savers - Published:05/09/07
Around a third of the UK inhabitants (about 20 million) is old fifty and over So the over fifties market is growing along with its spending and, of course, its saving powerIt isn't astonishing then that the number of savings accounts which target this era group is rising fast Now this sounds like a great idea, but do silver investor accounts actually offer extra incentives where ordinary savings accounts can'tI've trawled through the terms and conditions of the top six accounts but there doesn't appear to be any exclusive skin which put them ahead of the game Silver investor financial records offer many of the same benefits as traditional financial records: higher introductory extra rates, ongoing guarantees related to the base rate, instant right of entry and so on However, all the accounts shown do present a monthly interest-rate option which can be particularly useful for income seekersIt would appear gray saver-branded accounts are more of a method to encourage loyalty without necessarily being superior crop But, that said, the best instant access and notice financial records do measure up well to the rest of the market and are at least worth considering when you need a house for your savingsI've taken a look at the savings accounts which are specially branded for the over fifties and sixties Here are the most spirited ones I can find for the silver savers among youAs you can see from the bench you won't be eligible for certain accounts until you arrive at sixty so watch out for this If you prefer to run your explanation by phone or through a branch you may need to hunt a little further as most are internet-only Of the top six, Coventry Building civilization and Stroud & Swindon allow you to operate your account by customary means, but they have higher smallest amount deposits and require notice before you can get your hands on your cashThe rates of interest surely keep pace with the competition and it's likely to earn a better rate through a gray saver account than you would get from an equivalent normal account In fact, a search through the range of simple access savings accounts in The Fool's investments centre reveals that half of the top six accounts are marketed for silver savers, so there are definitely high-quality deals out there to be hadInterestingly, if you can afford to lock absent some of your savings, the same can't be said of fixed-rate bonds where the silver savers now don't charge as well The best silver saver offering is Saga's one year set Rate Savings Bond which pays 660% (AER) But this can't compete with customary accounts such as Abbey's one year wonderful Bond which has an attractive interest rate of 810% (AER) If you're looking for a fixed-rate bond it's probably better to head down the normal savings account routeOther products which are specifically meant at the silver generation include Pensioners Guaranteed Income Bonds from nationwide Savings & Investments (NS&I) These are for savers who put on't need access to their money and are after the security of a certain fixed monthly return But you'll only earn interest at a speed between 533% and 543% (AER) depending on whether you choose a one, two or five-year tie which doesn't compare well with normal fixed-rate bondsHowever, on a more positive note, NS&I pensioners bonds are particularly appropriate for non-taxpayers The interest is taxable but it'll be paid to you with no tax deducted which means you won't have to total an internal Revenue form to receive your interest grossThe usual recommendation is to shop around to find the savings account which is most suitable for you and the same is true here If you're part of the silver generation, by all means take a look at what gray savers have to offer, but put on't ignore the wider market© Copyright 1998-2007, The Motley trick Limited All rights reserved This material is for individual use onlyPlace of Reg: England & Wales Company Reg No: 3736872 VAT Reg No: 735 7818 01 Registered.
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