The Sunday Times Rich List 2013

Roman_Abramovich_wins court battleIt seems that whether you become rich really is in the stars. Apparently Gemini’s are more likely to become rich according to The Sunday Times.

HOROSCOPE WEALTH LEAGUE TABLE

The star signs of the 1,000 richest people in Britain

 

Gemini              9.9%

Capricorn          9.6%

Aries                 9.4%

Taurus              8.9%

Leo                   8.6%

Sagittarius          8.2%

Cancer              8.0%

Pisces                7.9%

Libra                 7.8%

Aquarius            7.7%

Virgo                 7.5%

Scorpio              6.5%

 

People born under the star sign Gemini – between May 22 and June 21 – have the best chance of making a fortune, according to the 25th anniversary edition of The Sunday Times Rich List. Just under 10% of the 1,000 richest people in Britain are Geminis, the Rich List will reveal when it is published on Sunday April 21.

 

The survey found that the richest Geminis include diamond billionaires Nicky Oppenheimer, 67, and Laurence Graff, 74, performers Sir Tom Jones, 72, and Sir Paul McCartney, 70, Slavica Ecclestone, 54, the ex-wife of Forumula One chief Bernie, and 37-year-old TV chef Jamie Oliver.

 

Eighty-two-year old motor racing billionaire Bernie Ecclestone and Nancy Shevell, McCartney’s third wife, were both born between October 24 and November 22 under Scorpio, the star sign that is least likely to bring huge wealth. However, Shevell has her own personal fortune from a stake in her family’s transport business in the US. Another Scorpio billionaire is the Chelsea Football Club owner, 46-year-old Roman Abramovich. Jamie Oliver’s, wife Jools, 38, was born in November under the sign of Sagittarius, which accounts for 8.2% of the people in Britain’s richest 1,000 this year.

 

Geminis have topped the Rich List horoscope league for three years in a row, with Capricorn and Aries just behind in second and third places. The Duke of Westminster, 61, Britain’s wealthiest landowner, heads the list of the people born under Capricorn, between December 22 and January 20. Ireland’s richest woman, Hilary Weston, 71, was also born under Capricorn. The Rich List millionaires born under the sign of Aries, between March 21 and April 20 include Lord Sugar, 66, Lord Lloyd-Webber, 65, Sir Elton John, 66, Irish telecoms billionaire Denis O’Brien, 55, and 62-year-old bookmaker Victor Chandler.

 

The Sunday Times Rich List, first published in 1989, is the definitive guide to wealth in Britain and Ireland.

 

Last minute ISA Ideas for 2012/13 Tax year

 

·         ISA ideas for different types of investors

·         14% of all HL ISAs opened in the last week of the tax year

·         HL Opening Times

 

Adrian Lowcock, senior investment manager at Hargreaves Lansdown offers his ISA ideas as this year’s deadline approaches:

 

“In the last two tax years 14% of all new ISAs opened on the Hargreaves Lansdown Vantage platform were opened in the last week.  Make sure you take out your ISA as once the tax year ends you have lost that allowance. To take out an ISA all you need is your national insurance number, debit card and cleared funds in the bank.”

 

Income investor

 

Invesco Perpetual Distribution – This fund aims to provide a regular stable income this fund invests in a mix of bonds and income-producing equities. Approximately two-thirds is invested in corporate bonds with the remainder invested in equities. Income is its primary aim and it makes payments to investors monthly.

 

Defensive investor

 

Newton Real Return – This fund is for investors who may need access to some of their capital in the medium term (but still in at least 5 years’ time). It therefore tries to offer some sheltering of capital and aims for more modest growth. The manager invests in a variety of assets and uses sophisticated techniques to try to profit from assets which fall in value.

 

Medium Risk investor

 

Troy Trojan – This fund is defensively managed and provides the potential to achieve a reasonable level of return over the medium term with a little less volatility than the very long-term, more aggressive portfolios.

 

Long-Term investor

 

CF JM Finn Global Opportunities – This suggestion is for investors with a long time horizon.  Therefore the focus is on more risky areas with greater potential to build wealth over the long term.

 

Junior ISA / Investing for Children

 

Lindsell Train Global Equity – The managers invest in global equities and have a long term buy and hold approach. This compliments those investing for children who often have very long-term goals in mind.

 

 

Hargreaves Lansdown end of tax year opening hours

 

Monday 25 – Thursday 28 March                               8am – 7pm

Easter Bank Holiday weekend every day               9am – 6pm

Tuesday 2 April                                                                 8am – 8pm

Wednesday 3 April                                                          8am – 8pm

Thursday 4 April                                                                8am – 8pm

Friday 5 April                                                                      8am – Midnight

 

ISA deadlines

 

Stocks & Shares ISA

 

Online                   Friday 5th April – 23:45                                    www.hl.co.uk/ISA

Telephone          Friday 5th April – 23:55                                    0117 900 9000

Postal                    Friday 5th April

 

Bed & ISA

 

Funds on Vantage                           Wednesday 3rd April – 17:00

Shares on Vantage                          Friday 5th April – 12:00

Funds/ shares certificated           Wednesday 3rd April

ISA Contribution limits

 

                                  2012/13                                2013/14

 

Stocks and Shares ISA                    £11,280                                 £11,520

Junior ISA                                            £3,600                                   £3,720

Tax year end: last minute pension planning tips

  • Investors are urged not to forget the ‘forgotten’ allowances
  • Falling annual allowance emphasises the importance of making hay while the sun shines
  • 50% tax relief is only available until 5th April
  • Bed and Sipp
Use your earnings related pension contribution allowance. For the past three years, we have seen a steady erosion in pension contribution allowances, with both the annual and lifetime allowances being cut. Both the Liberal Democrats and Labour have threatened to go further and limit the rates of tax relief available on pension contributions. If you have spare capital which you are looking to invest for your retirement, then it makes sense to get on and do it before 6 April.
Tom McPhail, Head of Pensions Research “Pensions are sometimes the forgotten allowance at this time of year when attention tends to be focused on ISAs, but with retirement saving tax breaks coming under increasing pressure from the Chancellor, wise investors will make hay while the sun shines. If you don’t use the allowances now, you may not get the chance next year.”
Non-earner’s pensions
It makes sense to share household retirement savings to take full advantage of the tax free personal allowance in retirement. Non-earners can contribute up to £3,600 a year to a pension and enjoy tax relief on their contributions. With personal allowances set to rise to £9,440 in 2013/14, a couple in retirement could enjoy a household income of nearly £19,000 a year without having to pay any tax – but only if they have shared their pension saving equally between them.
It is also possible to make pension contributions for your children – an effective way to give them a head start on their own retirement saving, as well as reducing a potential inheritance tax bill.
Bed and Sipp
Use existing investments to make a pension contribution. Even if you don’t have cash available to invest in a pension, you can potentially use other investments.
For example: Peter has some shares which he bought 10 years ago for £10,000. Today they are worth £15,000. He sells the shares, realising a gain of £5,000, which falls within his Capital Gains Tax allowance of £10,600. He invests the proceeds in his pension and immediately repurchases the share portfolio within his Sipp. As well as having now sheltered his investment within a pension for tax purposes, he also benefits from immediate tax relief of £3,750 which is added to his pension. If he is a higher rate taxpayer Peter can claim a further £3,750 after the end of the tax year.
Take advantage of the 50% tax rate.
For the (un)lucky few who pay 50% income tax, it makes sense to invest in a pension before the end of the tax year. Any contributions made from 6 April onwards will only be eligible for relief at 45%. If using carry forward as well, this could mean up to an additional £10,000 in tax relief.
Carry forward unused relief to boost contributions. If you have the capital to spare, then provided you also have the earnings to justify the contribution, it is possible to carry forward unused pension tax relief from up to 3 years ago. This means it is possible to make a pension contribution of up to £200,000, which for a 50% tax payer could then result in up to £100,000 of tax relief.
Plan ahead for flexible drawdown.
You’re not allowed to make any pension contributions in the same tax year in which you start flexible drawdown. So anyone planning on using flexible drawdown may want to top up their pension with any final contributions before 6th April – any contributions after that date could mean having to wait up to another 12 months before getting full access to their pension funds.

A decade on since FTSE 100 hit bottom at 3,287

A decade on since FTSE 100 hit bottom at 3,287

 

–       FTSE 100 returns 93% over 10 years

–       Technology sector is best performing returning 369%

Adrian Lowcock, Senior Investment Manager at Hargreaves Lansdown, looks at how investors have fared over the last 10 years.

 

In the last 10 years the FTSE 100 has risen 3,074 points or 93% since the low of March 2003, although it remains a little way off the high point of 6,732 reached on 15th June 2007.  Whilst the market has risen over the last 10 years there have been some big winners and losers during that time.  The Banking sector has been the worst performer over the last 10 years and the only sector to post a negative capital return with the FTSE All-share/banks returning -20%. The Technology sector posted the best performance with the FTSE All-share/Technology returning 369%, recovering from the lows seen in the years following the Dotcom bubble.

 

 

Performance of FTSE Sectors from 12 March 2003 to 28th February 2013

 

All Share Sector

% Growth

FTSE All-Share/Banks CR

-20.25

FTSE All-Share/Financials CR

22.81

FTSE All-Share/Health Care CR

78.02

FTSE All-Share/Telecommunication CR

100.11

FTSE All-Share/Oil & Gas CR

110.22

FTSE All-Share/Consumer Services CR

112.91

FTSE All-Share/Utilities CR

179.25

FTSE All-Share/Basic Materials CR

280.44

FTSE All-Share/Consumer Goods CR

346.31

FTSE All-Share/Industrials CR

360.45

FTSE All-Share/Technology CR

369.08

 

Adrian Lowcock says;-

 

“The technology sectors strong performance over the last 10 years highlights the contrarian nature of the stock market.  However, it is difficult for any investor to go against the trend and take such risks. Instead investors should focus on their long term investment goals and invest whenever they can afford to do so.”

 

“It is time in the market not timing that counts. Even though the FTSE 100 remains below its all-time high (6,930 on 30th December), if you had been invested all that time, with dividends reinvested, you would have been up 44.73%. In addition picking the right funds can transform your portfolio and make the nominal value of an index meaningless.”

 

Recommendations

 

Schroder UK Alpha Plus – Richard Buxton takes a long term view and is able to spot some opportunities before others – a distinguishing feature of all great investors.  Having the conviction to back them is equally important and Richard holds only 30-40 companies in his fund which means each idea has a significant effect on performance. You will never see his portfolio padded out with mediocre holdings just to make up the numbers. This fund has the potential to deliver superb returns, in a variety of economic conditions.

 

JO Hambro UK Equity Income – The managers believe the UK economy is performing better than most commentators expect. The fund continues to have a bias towards more economically-sensitive companies and has performed well recently as a result.

 

Sort Your Finances Out In 2013

January is the month that people make resolutions and try to sort their lives out. So, in the true spirit of January why not take the time out to sort your finances? Here are three top tips if you are needing some financial help.

1. Sell Your stuff: Sell unwanted stuff that is cluttering your home on Ebay, Ebid, the Amazon Marketplace or the ASOS marketplace. People generally have a lot of clothes they never wear and books that they have read. You will feel immediately better. I have regular clear outs.

2. Try lower brands at the supermarket. In the past supermarket own brand goods were not very good but the quality has really improved in recent years. Pound stores are also incredibly popular now and their is no stigma attached in shopping in them. The cost of living does not have to be expensive.

3. If you really need to borrow money take out a safe and secure affordable loan from a legitimate regulated lender. Many people are currently borrowing money from pay day lender sites which have annual interest rates in the thousands of percent. You could be wasting a fortune. The same is true of credit cards which often charge very high levels of interest. This interest can compound as the debt increases turn into a nightmare. As long as you are smart, taking out a loan to pay for a new home, car or a big purchase is fine.

Disclaimer: Consult a qualified financial advisor first before you take any action. Everyone’s situation is different and taking out a loan may not be the right decision for you depending on your personal circumstances.

Clydesdale Bank’s instant decision loan offers an APR representative of 5.1% on all loans between £7,500 and £15,000 (subject to conditions). http://www.cbonline.co.uk/personal/loans/personal-loan

Sponsored Post

The Benefits of Playing Bingo

Ah, the game of Bingo; we all know someone who plays it regularly, whether it be our mums or our grandmas, and although we all know how to play it ourselves, none of us do. Why? Because, I bet we all believe the stereotype that the game of Bingo is only for the elderly generations, right?

Well, it’s time to quash the stereotype, because playing Bingo isn’t just for the over 65’s. In fact, the game holds many benefits for all, and more and more of the younger generations in Britain are enjoying the game because of them.

Still don’t believe me? Well, here’s a rundown of some of the benefits that playing bingo could bring you:

1. Money, Money, Money!

So, although this benefit may be pretty obvious, it often baffles me that people shun the benefit of being able to win money just because they feel the game’s for the older generation. Whether you choose to play at your local bingo hall, or whether you choose to join an online bingo website, join up fees cost next to nothing, when you consider that you have the chance to win up to thousands of pounds!

However, aside from also helping you to make money, playing bingo can also help you to save money – particularly if you choose to play online. Many bingo sites offer promotional incentives, either in the form of voucher discounts for all your favourite stores, or even the chance to earn points which can be accumulated over time to be spent or exchanged at some of the nation’s biggest stores. 

2. Play From The Comfort of Your Own Home

As I’ve mentioned, bingo can be played online – there are thousands of sites, such as this online bingo voted best site, designed specifically to let you do so. So, if you’re desperate to play and start winning but are a little conscious of popping down to your local hall on your own, then you can play from the comfort of your own home!

The huge benefit of this is that the traditional game of bingo can be played in a much more contemporary way. And, this is one of the main reasons that the game has seen as huge rise in popularity in recent years amongst the younger generations.

Signing up to an online bingo site is quick and easy and you can be on your way to playing bingo against thousands of others up and down the country in a matter of minutes. And, what’s more, the thrill and excitement of getting a full house is just as fun if you were to play it in a bingo hall.

3. Social Aspect

Bingo, whether played virtually or for real, is a great social game. Traditionally, it was the thrill of playing in a packed, buzzing bingo hall that lured in players, but now, with online chat facilities and forums, you can meet and play other bingo fanatics over the web. So, whether you’re looking to grab some new bingo tips from someone who’s been playing a lot longer, or whether you just want to have a good old natter with a regular you play against often, then online bingo is the perfect way to do so

College Isn’t Cheap

College Isn't Cheap

Household spending edges higher, while spending patterns differ by income

The ONS recently revealed their latest report and Frost Magazine found it very interesting. As the seemingly never ending recession kicks our butts, the facts are that we are spending more and more. Check out the survey below.

 

Family Spending, the annual report from ONS on household expenditure in the
UK, found that in 2011, average UK weekly expenditure rose to £483.60, an
increase of £10.00 on the level recorded for 2010. The 2011 average
expenditure is the highest recorded by Family Spending.

Spending was highest on the transport costs category at £65.70 per week, up
80p from the previous year. Over half of all transport (£36.40) was on
running costs, which rose by £3.10 (an increase of nine per cent, following
last year’s 14 per cent increase). Most of the increase in running costs
was due to spending on fuel, as petrol, diesel and other motor oils
increased by £3.30. Higher expenditure on personal transport was also
reflected in vehicle insurance (£9.40 in 2011 compared with £8.00 in 2010).
On average, household expenditure was more than twice as much on
second-hand cars (£12.90) as new cars (£5.50). Unlike most types of
transport expenditure, spending on new cars decreased in 2011, from £6.50
per week in 2010.

The second highest expenditure category was recreation and culture (£63.90
per week). There was a small decrease in expenditure on audio-visual
equipment (including computers) averaging £6.30 per week in 2011 compared
with £7.20 in 2010. Spending on many recreation items remained fairly
constant, including games and toys (£2.20) and garden equipment (£2.60).
Spending on newspapers, books and stationery was similar in 2011 at £5.70
per week. However, there was a small increase in spending on recreational
services, including cinema tickets, leisure classes and admission to
sporting events, from £17.80 to £19.80. A weekly average of £4.00 was also
spent on pets and pet food. Average expenditure levels in the third highest
category: housing, fuel and power increased to £63.30 in 2011 from £60.40
in 2010. This was partly due to an increase in maintenance and repair of
dwellings, which rose by £1.00 to £7.70. Gross rent rose by 70p in 2011, to
£40.60. Average expenditure on electricity, gas and other fuels was £22.10
per week, an increase of 70p.

Weekly household expenditure on food and non-alcoholic drinks increased
from £53.20 in 2010 to £54.80 in 2011. However, the amounts spent on fresh
fruit (£3.10) and vegetables (£4.00) were unchanged.

Some types of expenditure decreased in 2011. This was notable for household
goods and services, which saw a drop of £4.10 to £27.30. This was mainly
due to a decrease of £2.80 in spending on furniture, to £13.80. Expenditure
on clothing and footwear was also lower in 2011 than in 2010, decreasing by
£1.70 to reach an average weekly expenditure of £21.70; of this decrease,
£1.00 was in clothing, which fell to £17.60. Spending on men’s outer
garments decreased by 60p to £4.20, while spending on women’s outer
garments fell by 70p but remained much higher than men’s at £7.70 per week.
Footwear for adults decreased by 40p in 2011, men’s footwear fell by 10p to
£1.30 and women’s fell by 30p to £2.10.

There were notable differences in expenditure patterns by income, seen by
comparing the ten per cent of households with the lowest incomes and the
ten per cent of households with the highest incomes. The lowest-income
group spent a larger proportion of their total average weekly expenditure
on housing, fuel and power (23 per cent), and food and non-alcoholic drinks
(16 per cent), than those in the highest income group (8 per cent in both
expenditure categories). Households in the highest income group spent a
greater proportion on transport (16 per cent) and recreation and culture
(14 per cent) than those in the lowest income group (7 and 10 per cent
respectively). Differences by income were also evident for internet access,
with 41 per cent of households in the lowest income group having access to
the internet at home, compared with 99 per cent of the highest income
households.

Overall, average household expenditure in the UK was £470.70 per week for
the years 2009–11 combined. There were five regions in which expenditure
over this period was higher than the UK average: expenditure was highest in
London (£574.90 per week), followed by the South East (£539.30), the East
(£497.10), Northern Ireland (£489.40) and the South West (£479.90).
Spending was lowest among households in the North East (£384.20 per week),
Wales (£398.20) and Yorkshire and the Humber (£410.10).

The high spending of London households of £574.90 was partly due to the
housing, fuel and power category, £91.30 per week, compared with the UK
national average of £60.30 per week. Households in rural areas had higher
overall expenditure (£510.50 per week) than those in urban areas (£458.30
per week). This was reflected in expenditure on transport, where spending
was highest (£77.40 in rural areas and £58.80 in urban areas), and
recreation and culture (£68.80 in rural areas and £57.20 in urban areas).
However, expenditure on the housing, fuel and power category was higher in
urban areas (£61.30 per week) than in rural areas (£58.30 per week).

Read the full report at
http://www.ons.gov.uk/ons/rel/family-spending/family-spending/family-spending-2012-edition/index.html