Tag: tax
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The cost of being single in 2023
Did you know it’s actually more expensive to be single than to be in a relationship? It seems crazy but there is still a cost to being single in 2023. ‘Being single’ in this post refers to those who do not live with a partner. But what is the cost of being single in 2023?…
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What the 2022 Autumn Statement means for you
Chancellor Jeremy Hunt has outlined his plans for the UK’s taxation and spending in the 2022 Autumn Statement. In short, it’s not good news for your personal finances. However, it’s important to be aware of the key changes announced and make sure you are as prepared as possible. We may all end up paying more…
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What the mini budget u-turn means for your personal finances
Since I first published this post – just three weeks ago – the government has u-turned on pretty much every proposal detailed below in the mini budget. The new UK government has unveiled its economic plans to help the country recover financially. The mini budget u-turn will likely impact most of us. But, what does…
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Should you worry about rising interest rates?
Interest rates are rising as central banks look to combat soaring inflation. In the UK rates now stand at 1%. But what does this mean? And should you worry about rising interest rates? In this post I’ll cover: What are interest rates? The impact on mortgages Rising interest rates and credit cards The impact on…
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Spring Statement: Are tax cuts really coming?
Rishi Sunak has just delivered his Spring Statement to the House of Commons, detailing his economic plans for the UK. He heralded record “tax cuts” but are tax cuts really coming? Amid the cost of living crisis, there was a lot of speculation about the this Statement. Many were hoping Chancellor Rishi Sunak would “pull…
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The Twenty Percent – February update
February was quite a month, for The Twenty Percent, personally and globally. It’s heart breaking to see the events unfolding in Ukraine. Writing a normal update post feels strange, given so many are living anything but a normal life right now. The ability to sit down and write in peace is something I won’t take…
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UK side hustle taxes – What you need to know
For this post of UK side hustle taxes I have handed over to Jack from Making Tax Simple. Jack is an ATT qualified tax adviser aiming to help make tax simple for people of all ages and incomes. He started working in tax over 2 years ago and has been gaining knowledge of the subject…
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4 reasons why young people should invest
For this post I have enlisted the help of Haydn from Perpetual Prudence. He will be talking about the main benefits of starting investing early, both financial and non-financial, and why young people should invest as soon as possible! I know what you’re thinking. You don’t need to worry about investing – that’s something for…
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5 easy ways to save for your first home
One of the most common money goals for people in their 20s is to get on the property ladder. But getting a deposit together is proving harder and harder. If you’re finding yourself in this position, then try these 5 easy ways to save for your first home. Sadly, without a lottery win or a…
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Can I pay for Christmas solely by freelancing?
Christmas is expensive. Hardly a ground breaking observation, but it’s true. Normally, I keep a strict budget. I know exactly how much money comes in and out each month. Christmas is a bit different. I enjoy treating my friends and family. Currently I’m very lucky and have a bit of spare income each month so…