An ISA is a tax-efficient savings account that allows you to earn interest without paying tax on it. Currently, individuals can contribute up to £20,000 per tax year into a Cash ISA. However, The Chancellor has confirmed in the Autom Budget that the cash ISA limit will be reduced to £12,000 a year from April […]
From April 2027, savers in the basic rate tax band will pay 22% in savings income tax, up from the current 20%. Higher and additional rate taxpayers will pay 42% and 47% respectively. 2.64 million people already are expected to be hit with tax on their savings this year. The new tax rates are expected […]
In November Autumn Budget, the Chancellor Rachel Reeves confirmed that the basic and higher rates of dividend tax will rise by two percentage points from April 2026. This change will negatively impact on millions of small limited company owners who receive dividends as part of their income. It will also affect investors who rely on […]
One of the easiest tools available for saving money today is Savings Pots (sometimes called “Spaces”), offered by banks and challenger apps like Monzo and Starling. These digital pots let you separate your money into different categories (like folders on your computer), making saving simpler and more motivating. Money RedefinedQuarantining your money into folders is […]
Starting a budget doesn’t 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 […]