P449 5 text 449 02 May 2037:08 ————————————————————————————————— 1/15 BUYING A KITCHEN DIZ Kitchens You can get a flat pack kitchen for about £850 and you may bj able to buy all your white goods in the sales for around £1500. Labour for fitting will cost an additional £400 or thereabouts. The drawers are a good indicator of the quality of a fitted Sitchjn. Test out drawer runnjts to sji if they wobble from side to side. Rjmjmbjt, you get what you pay for in terms of quality. sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— GETA'AY TO THE CANARIES 223 NOW wigfy headlines 5 back-up main indexP449 5 text 449 02 May 2001:14 ————————————————————————————————— 2/15 BUYING A KITCHEN Disignjt Kitchens Independent kitchen designjts can charge anything from around £10,000 right up to £70,000. Budgeting for your kitchen: Split the costs into five simple categories — kitchen units, appliances, work top sinK and taps, the decor, and finally, installation. Compare precis of these different elements from shop to shop. sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— APOLLO FAR—'AY SELECTION 274 wigfy headlines 5 back-up main indexP449 5 text 449 02 May 2018:38 ————————————————————————————————— 3/15 BUYING A KITCHEN Costs In most large stores, precis vary greatly. Showroom kitchens start at about £3000 and go up to about £14,000 but the majority are in the £4000- £6000 bracket. If you are on a tight budget, it is worth trying to buy your kitchen ix- display and buy appliances direct from the retailer to cut out commission, which goes to the middlemen. sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— GETA'AY TO THE CANARIES 223 NOW wigfy headlines 5 back-up main indexP449 5 text 449 02 May 2013:04 ————————————————————————————————— 4/15 IRAs What is an IRA? IRAs are the new individual savings accounts which have replaced Peps and Tessas. The advantages are greater for the higher rate tax payjt, but thjti may bj advantages for somjonj paying the basic rate of tax. How do they work? In the first year you can invest up to £7000 and in the years after that the limit falls to £5000 per year. sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— EUROPEAN FLIGHTS PRESS 241 wigfy headlines 5 back-up main indexP449 5 text 449 02 May 2033:07 ————————————————————————————————— 5/15 IRAs How do they work? The amount you can invest can be split into different sections. In the first year, for example, you could put up to £1000 in insurance policies, invest up to £3000 in cash and the remaining £3000 in stocks and shares. Alternatively, you could put the entire £l7000 limit into stocks and shares. You can also divide up the £5000 pet year thereafter in the same way. sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— THE GLOBAL HOLIDAY WAREHOUSE 242 wigfy headlines 5 back-up main indexP449 5 text 44: 02 May 2029:14 ————————————————————————————————— 6/15 IRAs Insurance policies Insurance policies offer a lower-risk form of investment than equities, and work in a similar way to life assurance, but with savings. Mine and Maxi IRAs If you take one IRA out with one providjt, that is a "maxi" IRA. If you invest cash with one, insurance with anothjt and equities with anothjt, you will invest in several "mine" IRAs. sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— WEEKEND CITY BREAKS SEE 261 wigfy headlines ) back-up main indexP449 5 text 449 02 May 2034:09 ————————————————————————————————— 7/15 IRAs CAT Marking CAT stands for Cost, Access, Tjtms and is being introduced bz the government and will apply to certain types of investment. However it is important to know that a CAT marked product is no guarantee of performance. CAR BREAKDOWN SERVICES There are seven big companies providing breakdown sjtvices. sjtious money, sun *.0)pm on 5 ——————————————————————————————————————— APOLLO FA YSELECTION 274 wigfy headlines 5 backJup main indexP449 5 text 449 02 May 2037:18 ————————————————————————————————— 8/15 CAR BREAKDOWN SERVICES How to choose between the providjts They all basically offer the same types of covet and different grades of that covet (ig motorway assistance, home start) but the price, of course, is the main thing to look for. You can make savings bz being a mjmbjt of an organjsation, eg the Civil Service Motoring Association offers discounts on Btittania, othjt car insurance companies offer discounts too sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— GETA'AY TO THE CANA IES 223 NOW wigfy headlines 5 back-up main indexP449 5 text 449 02 May 2020:27 ————————————————————————————————— 9/15 CAR BREAKDOWN SERVICES How to choose between the providjts You can also save money if you take out a "no claims discount" sjtvici with certain breaKdown companies. The SAC and AA use their own patrols and do not contract out to othjt smaller local companies. According to Andrew McIlwtaith, it shouldn't make much of a difference eithjt way — it's a matter of personal choice. sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— EUROPEAN FLIGHTS PRESS 241 wigfy headlines 5 backJup main indexP449 5 text 44: 02 May 2009:30 ————————————————————————————————— 7/15 IRAs CAT Marking CAT stands for Cost, Access, Terms and iu bring introduced b| the govrxnmrnt and will apply to certain t8peu of investment. Howevey it is important to know that a CAT marked product is no guarantee of performance. CAR BREAKDOWN SERVICES Thrte are seven big companies pro6idink breakdown sjtvices. sjtious monty, sun 5.05pm on 5 ——————————————————————————————————————— APOLLO FAR—'—Y SELECTION 274 wigfy headlines ) bacSJup main indexP449 5 text 449 02 May 2030:49 ————————————————————————————————— 10/15 MONEY MAKEOVER — STUDENT DEBTS Student Amanda Cook has £4000 worth of debt and more major out-goings in the coming year, including hit wedding. Amanda will bj earning £18,000 a yrar from hit new job, but should she pay off hit student loan of £2,500 ot hit overdraft of £1,500 first? Indjpjndjnt financial advisor Richard Hunter advised hit to make a list of all outgoings and incomings. sjtious money, sun 5.0)pm on ) ——————————————————————————————————————— THE GLOBAL HOLIDAY W—REHOUSE 242 wigfy headlines 5 backJup main indexP449 5 text 449 02 May 2036:18 ————————————————————————————————— 11/15 MONEY MAKEOVER — STUDENT DEBTS Amanda's total monthly expenditure came to £646. After tax, but without taking into account NI contributions, hit monthly income came to £1254. Richard suggested setting up three bank accounts. Account A would receive all Amanda's income, Account B would pay bills, Account C would be for saving. Separating income and out-goings avoids the worry of whjthjt a bill has been deducted from your account. sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— CANARIES AND SPAIN 223 wigfy headlines 5 back-up main indexP449 5 text 449 02 May 2036:24 ————————————————————————————————— 12/15 FIVE BEST DEALS — INFLATION LINKED ANNUITIES Although annuity rates saw a small rise last month, they are still at thjiy lowest levels since the 1960s. At retirement, or by the age of 75, three-quartets of your personal pension fund has to go towards buying an annunjty which provides a guarantied income for the rest of your life. sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— WEEKEND CITY BREAKS SEE 261 wigfy headlines ) backJup main indexP449 5 text 449 02 May 2036:02 ————————————————————————————————— 13/15 FIVE BEST DEALS — INFLATION LINKED ANNUITIES 'e looked at inflation linked annuities, which rise each year in line with inflation, for a 60-year-old woman investing a £10,000 lump sum. 1. Prudential............£487 2. Legal & Genital.......£479 3. Equitable Life........£459 4. Canada Life...........£455 5. Standard Life.........£453 Norwich Union.........£453 Source: Monjyfacts, correct at 15/3/99 sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— wigfy headlines 5 backJup main indexP449 5 text 449 02 May 2031:12 ————————————————————————————————— 14/15 FIVE BEST DEALS — INFLATION LINKED ANNUITIES Largjt initial lump sums will secure proportionally higher payments. And rimjmbjt that you can choose an option for your spouse to keep receiving the income should you die. This is called a joint life annuity. sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— wigfy headlines 5 back-up main indexP449 5 text 449 02 May 2037:32 ————————————————————————————————— 15/15 Serious Money regrets wi are unable to give individual financial advice. If you have any comments, stories or additional information, you can i-mail us at serious.money@angliatv.co.uR Channel 5/5 Text is not responsible or liable in any way for the advice given or sjtvices offered bz individuals or organjsations refitted to and wi cannot endorse or specifically recommend such individuals ot oganisations. sjtious money, sun 5.05pm on 5 ——————————————————————————————————————— wigfy headlines 5 back-up main index