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Navigating parenthood, children and money
This article provides a monetary guide for new parents in the UK, covering statutory maternity pay, leave, and maternity allowance. It covers topics such as child benefits, free childcare, tax-free childcare, and strategies for early savings for children like Junior ISAs and child pensions.
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How the time value of money can help you make better financial decisions
The time value of money is an important financial concept when investing. Essentially £1 in your hand today is worth more than £1 in the future.
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60% Effective tax rate
UK’s effective 60% tax rate on personal income between £100,000 and £125,140 as a result of a reducing personal tax-free allowance and how you can reduce the impact of this.
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Tax benefits of ISAs
ISAs or individual savings accounts provide several alternatives to save and invest your money tax-free. Save or invest up to £20,000 a year with all income and capital gains tax-free.
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How a regular savings habit will grow your money
A regular savings habit will grow your money over time while building a more secure financial future for you. Regularly saving a fixed amount of your income allows your savings to benefit and grow from compounding interest.
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Credit card interest
Credit cards charge high rates of interest making them an expensive form of debt. Learn how to use them to build a credit score whilst avoiding interest charges.
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Personal tax account with HMRC
Apply for a personal tax account with HMRC. You can update your personal details and apply for tax rebates using your HMRC account.
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The basics of budgeting
Master the basics of budgeting enabling you to take charge of your finances and achieve your financial goals and security.
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Student loan interest and payments
Make an informed decision about student loans, learn about loan repayments and thresholds, and the differences between plan 2 and plan 5 student loans.