Financial knowledge/literacy simply means understanding how money works in everyday life. You donโt need to be an expert, but having the basics makes a big difference. Remember: the more you learn, the more confident youโll feel making financial decisions.
Have you ever felt that there are no pension options when you are no longer full-time employed? Although workplace pensions are the most common way of contributing towards your pension, private schemes are also available and can provide flexibilities to enjoy. NEST is one of the safe pension schemes that support the self-employed with their […]
HMRC have released an important guidance to educate contractors on the nature of tax avoidance schemes being run by umbrella companies. Umbrella companies that encourage taxpayers to use tax avoidance schemes often move workers between different umbrella companies to hide the tax avoidance from HMRC. HMRC does not approve or endorse umbrella companies or tax […]
Budgeting is one of the most important skills for managing money, and the good news is โ it doesnโt need to be complicated. At its core, a budget is just a plan that shows how much money comes in and how it is spent each month. Hereโs why it matters: 1. Understanding Where Your Money […]
On 7 August 2025, the Bank of England reduced the base interest rate to 4.00% from 4.25%. The aim is to support the economy by making borrowing cheaper. But what does this actually mean for everyday people in the UK? Letโs break it down in simple terms. 1. Impact on Debt (Mortgages, Loans, Credit Cards) […]
To calculate the business expense for a directorโs use of a personal vehicle for business journeys in the UK (tax year 2025/26), use the HMRC Mileage Allowance Payments (MAPs). This method reimburses a fixed rate per business mile and is straightforward, tax-free up to the approved rates, and covers all operating costs (fuel, maintenance, insurance, […]
Starting a budget doesnโt have to be complicated. With just a bit of time and a few essentials, you can get a clear picture of your money: On a piece of paper, you need to record your household income for the month. This should include all disposable income from employments, interests and any forms of […]
You may have noticed a major clean-up at Companies House, as over 11,500 UK-registered companies were struck off following a crackdown led by the National Economic Crime Centre. These companies were found to be non-compliant with registered office rules and were linked to high-risk incorporation practices. Authorities, including HMRC, Companies House, the National Crime Agency, […]
๐ฃ๐ฒ๐ฟ๐๐ผ๐ป๐ฎ๐น ๐ฏ๐๐ฑ๐ด๐ฒ๐๐ถ๐ป๐ด is the process of understanding, organizing, and managing your income and expenses. Itโs about knowing how much money you earn, where itโs going, and what you can do to improve your financial position. Budgeting gives you the clarity and control needed to make confident financial decisions. ๐ช๐ต๐ ๐๐๐ฑ๐ด๐ฒ๐๐ถ๐ป๐ด ๐ ๐ฎ๐๐๐ฒ๐ฟ๐ Creating and maintaining a […]
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…