Sam

Sam

Founder of SavingTool.co.uk

What is the Triple Lock and Why Is It Important?

The Triple Lock system, guaranteeing annual state pension increases based on inflation, earnings growth, or a minimum of 2.5%, is vital for providing financial security and stability for UK retirees amidst economic challenges.

How does Income Tax work in Scotland?

Scotland's income tax system features six bands with higher rates for certain earners, differing from the simpler three-band system in the rest of the UK, impacting take-home pay and savings.

NHS Pay Rise 2024/25: What You Need to Know

The 2024/25 NHS pay rise of 5.5% aims to aid healthcare workers amid rising living costs, but actual benefits will vary by tax implications and individual circumstances.