Self-employed must report profits on tax year basis

by | Jan 30, 2025 | Income Tax

Big changes are here for the self-employed! From 2024-25, profits must align with the tax year, replacing the old "current year basis." Overlap relief is ending, and transition profits will be spread over five years. Here’s how the new system affects...

Student and postgraduate loan thresholds and rates

by | Jan 30, 2025 | Personal

From 6 April 2025, new thresholds for student loan repayments will take effect, impacting borrowers across the UK. Whether you're on Plan 1, Plan 2, Plan 4, or repaying a postgraduate loan, here’s a breakdown of the latest changes and what they mean for you....

Understanding the UK’s Bank Deposit Guarantee Scheme

by | Jan 28, 2025 | General

The UK government offers a robust safety net for savers through the Financial Services Compensation Scheme (FSCS). This scheme is designed to protect individuals, small businesses, and charities if a bank, building society, or credit union fails, ensuring greater...