The first £12,500 of any income we earn is free of income tax, what seems unfair is that if one of you stays at home and does not have any earnings, then their £12,500 of tax-free allowance is left unused.
Many people don’t realise that since April 2015 you can apply to get a refund in these circumstances whree you could save £1,149 of income tax.
If you want to open a Help to Buy ISA, you will need to be quick because the Help to Buy ISA is due to close to new customers on 30th November. However, don’t despair the successor to the Help to Buy ISA was launched back in April 2017 and is well underway, so until the end of the month, you have two options to help you save for your first home, the Help to Buy ISA and the Lifetime ISA, often referred to as the LISA. So, what’s the difference between these two ISAs?
Does it ever feel like you’re way behind the curve and getting started is just too much effort? I hear this a lot, so I thought I would share with you 10 quick wins to get going, because momentum builds and getting started is half the battle.
With the average cost of a property in the UK for a first-time buyer at £210,000, it’s difficult for millennials to get onto the housing ladder without the help of mum and dad, so I wanted to share my thoughts about how you can save to get on the property ladder.
We are all familiar with what a mortgage is, but do we know how much we can afford, by that I don’t mean how much will the lender lend me, but how much can I afford to pay each month. Find out about the 28/36 rule which measures borrowers’ ability to afford their mortgage payments based on their households’ gross monthly income, monthly housing-related payments, and all other monthly debt payments.
ALIE is a financial planners lifetime partner, some of us may be married, but we have a life affair with ALIE. ALIE is a KPI (Key Performance Indicator) or barometer to help us understand what we need to know about our finances, it’s an acronym for; Assets, Liabilities, Income, Expenditure.
Whisper it quietly, but we’re already heading towards the last quarter of the year, and the decorations will no doubt be on the shelves soon. The cost of Christmas can be a real strain, but by planning ahead you can take the stresses out of your festive finances this year. Here are my tips.
So you’ve left school and you’re looking to start your apprenticeship! Welcome to the world of work, it’s exciting, new and there is so much to learn. Find out about deductions in your pay slip, and how to organise your finances to ensure you get the most out of your hard earned money.