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.
AI can assist in personal finance through budgeting and spending insights but falls short in complex tasks like taxes or pensions, necessitating reliable human-verified tools like Saving Tool UK for accuracy.
Preparing for retirement involves estimating necessary income and understanding different pension types, with tools available to help calculate the amount needed to maintain your lifestyle.
Saving Tool UK has made several updates for 2024/25, including tax rate changes, improved simulation accuracy, and a new Umbrella Calculator for contractors.