May 2024 Saving Tool UK Update
Saving Tool UK has made several updates for 2024/25, including tax rate changes, improved simulation accuracy, and a new Umbrella Calculator for contractors.
Sam
Founder of SavingTool.co.uk
Introducing Saving Tool Advanced
Saving Tool Advanced enhances personal finance management in the UK with deeper insights, improved simulations, and new features while remaining user-friendly.
January 2024 National Insurance Tax Cut
Starting January 6, 2024, a 2% cut in National Insurance contributions affects 27 million UK employees, potentially saving up to £754 annually, despite an overall increased tax burden due to frozen tax bands.
Putting your money to work in 2023: Which investments make the most sense for UK investors?
Investing is accessible to everyone, helping combat inflation and potentially offering better returns than low-interest cash accounts, with options like high-interest accounts and stocks and shares ISAs available for various goals.
Why a Stocks and Shares ISA Should Be Part of Your Investment Portfolio
Stocks and shares ISAs can significantly outperform traditional savings accounts due to tax benefits and potential higher returns, although they come with investment risks and fees to consider.