A flexible spending Account (FSA) is a way for you to put money aside tax free for important expenses. This can potentially save you hundreds of dollars in taxes. Put simply, an employer sets aside part of your earnings to pay for qualified expenses, and that process lowers the overall tax you owe at the end of the year.
FSA Debit Cards: Flexible Spending Accounts Made Easy
A flexible spending Account (FSA) is a way for you to put money aside tax free for important expenses. These accounts can potentially save you hundreds of dollars in taxes, but they often require a lot of paperwork so that you can prove you bought the “qualifying” product or service. FSA debit cards are relatively new to the market and make the process of having an FSA smoother and faster than it used to be. Now you can sit back and enjoy your lower tax bill without the hassl…
Interest Only Mortgages FSA Makes Move To Protect Homeowners
Abbey recently stated that over 25% of homeowners decide to take out an interest-only mortgage. It’s not hard to see why the monthly payments are significantly less, just look at this example based on a 25 year £125,000 mortgage at 5%. The interest only mortgage will cost £525 per month – but the repayment mortgage is £735 per month an additional £210 a month that’s a lot of money!
At the root of the issue are the first time buyers they simply can’t afford the rep…
Mortgages. Exit Fees To Be Capped.
In the last 3 to 5 years we have seen rises of up to 450% in the exit fees charged by lenders when borrowers redeem their mortgage. But at last the Financial Services Authority (FSA) ha seen the light and is going to crackdown on these increases.
Lenders have been telling new borrowers about the exit fees currently charged, but the lender has retained the right to increase those charges at any time and without advising borrowers. This amounts to a free hand to increase the…
Life Insurance and the Law. A layman’s introduction.
This article is an introduction to the regulatory and legal aspects of buying Life Insurance which the layman should find interesting and useful. Special reference is made to buying life insurance on the Internet.
Legislation and Governing Bodies Affecting the Secured Loans Industry
It is often said the Secured Loans Market is unregulated – but is it? This article attempts to answer that fundamental question