Saving Tool UK has made several updates for 2024/25, including tax rate changes, improved simulation accuracy, and a new Umbrella Calculator for contractors.
Saving Tool Advanced enhances personal finance management in the UK with deeper insights, improved simulations, and new features while remaining user-friendly.
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.
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.