If you’ve been to university in the United Kingdom, you’ll know there are a lot of arrogant STEM (Science, Technology, Engineering and Mathematics) students. That’s not to say there are no arrogant non-STEM students, we’ve all heard a Dave in the kitchen talk like he’s the next Aristotle. However, there’s something I’ve heard a lot […]
This summer, I have been investing my time into growing Kale in my garden. When I came to harvest it, much to my annoyance, I saw that some of the crop had started to die and other parts had been eaten by various critters! This got me thinking about a decision I had previously made: […]
In September I spend a lot of time on price comparison websites looking to switch my suppliers to find the best deal for energy and so on. This year, I encountered a glitch in the matrix – my renewal was cheaper than any deals I could find online! How could this be? Every consumer advice service tells you how much money you could save by switching. What should also be advised, is a reminder to check your renewal, especially when it comes to energy.
The main advantage of an ISA over a normal bank account is the tax exemption. The money you put into an ISA is from your after-tax income but when you withdraw money you do not pay any income or capital gains tax. The interest generated is also tax-free. Today, there have been six types of ISA: Cash, Lifetime, Stocks & Shares, Innovative Finance, Help-To-Buy and Junior. The first four are available to adults to make use of today, with help-to-buy no longer being available and the Junior ISA for under eighteens only. It may be difficult to understand which ISA is best for you, this blog post will explain all of the different types so that you can make an informed decision.
Covid-19 has taught us how sudden and big a financial thunderstorm can come. Investment platform AJ Bell recently reported that 20 % of UK workers did not have a rainy-day fund and 71 % of workers held savings of up to 3 months salary.
Buying a car is one of the biggest steps towards independence. With it comes the ability to explore without having to meticulously study the train or bus schedule, and instead spend that time looking for a parking spot. But a lot of people don’t plan for the future when buying a car, they think too […]
If you intend to purchase a house one day, you need to know about the Lifetime ISA. The Lifetime ISA is a tax-free individual savings account that can, and should only, be used for purchasing a house, withdrawing after retirement (your 60th birthday), or if you are terminally ill with less than 12 months to live. The UK government will add a 25% bonus onto your savings up to £4,000 every tax year.