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Money Management

 
 
Readers Question: Can I use my spouse’s tax allowance?

Readers Question: Can I use my spouse’s tax allowance?

November 15, 2019

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.

Category: Financial Planning, Money Management

 
How much can I afford in mortgage payments?

How much can I afford in mortgage payments?

September 20, 2019

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.

Category: Financial Planning, Money Management

 
Have an ALIE to organise your finances

Have an ALIE to organise your finances

September 19, 2019

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.

Category: Financial Planning, Money Management