Sam - Saving Tool UK Blog (Page 33)

Best UK Investment Strategies for 2024: A Beginner’s Guide

Dec 7, 2024 3 min read Investing

As the 2024/25 tax year approaches, this guide outlines key investment strategies for beginners, emphasizing goal-setting, building an emergency fund, diversification, and tax-efficient options like ISAs.

The Benefits and Drawbacks of UK Salary Sacrifice Schemes

Dec 7, 2024 3 min read Tax

Salary sacrifice schemes in the UK offer tax benefits and improved employee perks, but also present challenges like reduced future earnings and administrative complexity, requiring careful consideration before participation.

A Guide to Capital Gains Tax Allowances in the UK

Dec 7, 2024 3 min read Tax

This guide explains Capital Gains Tax allowances in the UK for the 2024/25 tax year, highlighting the £6,000 exemption and outlining key calculations and strategies for taxpayers.

The Benefits of a Lifetime ISA: Saving for Your First Home or Retirement

Dec 7, 2024 3 min read Retirement

A Lifetime ISA offers tax-efficient savings for individuals aged 18-39, providing a 25% government bonus for first home purchases or retirement savings, with flexible investment options and certain withdrawal conditions.

A Guide to Tax-Free Savings for UK Higher Rate Taxpayers

Dec 7, 2024 4 min read Tax

Higher rate taxpayers in the UK can optimize savings through ISAs, pensions, and NS&I products to grow wealth tax-free while navigating inflation and living costs.