February 2012

The know zone

  • Fault lines
    As keen readers of this column know, ‘vicarious liability’ is the legal doctrine that makes employers answerable for the actions of an employee in the course of his or her employment. But how does this translate to extra-curricular school activities? Richard Bird explains. More
  • Stay in touch?
    Teacher contact ratio is a topic of perennial importance but attempting to work out what the ideal figure should be is always a frustrating business, says Sam Ellis More
  • Lead vocals
    Quotes from Confucius, Douglas Adams and Aristotle More
  • Action man
    Until this spring, Graeme Hornsby is assistant principal (business management) at Lutterworth College, Leicestershire, a school with a £10m budget, 400 staff and 2,000 pupils where he has worked since 1989. A keen triathlete, he regularly undertakes a 600-mile round trip to see his beloved Celtic FC play. More
  • E-safety first...
    Online safety is in the spotlight throughout the world in February. More
  • Adding value
    A simple answer to saving money More
  • A level playing field
    UCAS has proposed allowing students to apply to university after they receive their A level results, even though it means moving the A level teaching period and shortening the exam window. Is it the best way to improve the admissions system? What are the implications? Members share their views. More
  • Leaders' surgery
    Healthy outlook provides food for thought & Early retirement calculations More
  • Old challenges for a new year...
    While the ongoing pension negotiations were high on the agenda of last Council, on 8-9 December, intelligent accountability was also a hot topic, with discussions in various committees on Ofsted, local authorities and the role of governors. More
  • Failing to plan...?
    The National Curriculum Review’s expert panel report, published in December, concurred with ASCL’s view that it is pointless to change the curriculum until we’ve agreed what purpose the curriculum is expected to serve. This debate has not happened, says Brian Lightman. More
  • Podium panic!
    Keeping the guest speaker sober and on-message while peppering your own presentation with song titles and wondering what some of the gongs are actually for – all concerns as prize-giving ceremonies loom large… More
Bookmark and Share

Adding value

A simple answer to saving money

When confronted with the challenge of planning financially for the future, many of us follow the example of the emu – we put our head in the sand and hope that it will go away.

In that respect here is a question to ponder: What are the two greatest discoveries in medical history?

The greatest medical minds alive today will probably tell you that they are: penicillin and washing your hands.

The moral to this? Solutions do not have to be complicated to be effective. The same applies to financial planning and in this regard, a simple solution to consider is an ISA.

The benefits of ISAs are:

  • No further tax is payable on the income received from ISA savings and investments.
  • No tax is payable on capital gains arising on investments.
  • Money can be taken out at any time (but some accounts have a notice period).
  • An ISA does not have to be reported on a personal tax return.

In the tax year 2011-12 you can save up to £10,680 in a tax efficient ISA. If you do not use this allowance by the end of the tax year unfortunately you lose it.

One of the benefits of ASCL membership is discounts and special rates on a range of personal and educational products and services. There are healthcare products, online staff well-being systems financial advice and self-evaluation surveys. Check out the full list at www.ascl.org.uk

LEADING READING