HMRC - Saving Tool UK Blog (Page 14)

Understanding UK Pension Types

Jul 20, 2024 2 min read Pensions

This article explains the differences between Defined Benefit and Defined Contribution pensions, highlighting their respective advantages and risks, alongside the role of the State Pension in retirement planning.

Making sense of UK Umbrella Contract Rates

May 8, 2024 8 min read HMRC

A deep-dive into rates and taxes when working through Umbrella companies

May 2024 Saving Tool UK Update

May 4, 2024 2 min read HMRC

Saving Tool UK has made several updates for 2024/25, including tax rate changes, improved simulation accuracy, and a new Umbrella Calculator for contractors.

Introducing Saving Tool Advanced

Feb 12, 2024 5 min read 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

Jan 8, 2024 1 min read National Insurance

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.