personal finance in the uk

Hi, I have earned 106k from my PAYE Job and 18.5k from Self Employement, sacrificed 25k into SIPP (20k x 1.25) and I am doing my self assessment. It is the first time I have a combined PAYE + sole trader income. 1st Question I am asked to pay Class 4 NIC on 6k ( I assume the difference...

Hey all! Basically me and my dad have seen a decent property selling at auction that we like, he is currently paying a boat load in rent and can’t really afford it (I’m in a flat I own outright). The basis of us buying it is that we go half for all payments of buying it (deposit, mortgage, legal...

Hi all, I've noticed my bills are getting a bit crazy, very near £400/mo to Octopus. We are a family of 5, with one working from home in the day. We don't have electric heating and get gas from Octopus aswell. My highest usage in the last 6 months was last month, at 1195kWH. I type in the...

Hi Everyone! After maxing out my pension contributions for the year, I'm find myself short of liquid cash to top up my ISA. This is largely because a fair bit of my compensation is in RSUs which form an S104 pool. Now normally, one would sell enough RSUs to trigger a capital gain worth £6k and...

I budgeted £5 per day in my food, excluding dining out. However, I'm now spending about £10 per day on food, including a mixture of raw food (including vegetable, beef, pasta, tomatoes, etc.), processed food (frozen pizza, chilled ready meals) and drinks (orange juice, etc). I try to shop from...

TLDR: I looked at old posts about interest rates and took reasonably upvoted predictions in some threads since 2021. As you might expect, most were confidently wrong, underestimating the rise. Possibly a product of only knowing historically low rates. Date of prediction Bank Rate at the time...

The theory goes - if you earn £/$20 per hour (after tax), you should pay someone to do a job that costs less than £20 p/h. This makes sense if you own a business or work in a commission-based role. What if you earn a fixed salary? If I pay a cleaner on a Saturday, you could argue that even...

I’m going to sell my shares that are currently listed in NYSE ($) and so will be transferring a large sum (£100k+) to a U.K. bank account (Halifax) What’s the best way to do this efficiently? just do the transfer to Halifax via swift, and let Halifax do the conversion transfer to...

39 years of age, trying to get my life back on track after a bad few years personally. Home owner with 30 years left on mortgage, no pension, £65k in cash savings. I really wanted to get my financial future on track this year, before I hit the big 40 at the end of the year. I've just set up...

After using other comparison sites that were clunky, incomplete and old, I wanted to build the tool that I needed to find the best accounts for saving & investing. That’s how Savrday.com was born. At the moment you can compare: Current Accounts Easy Access Savings Accounts Cash ISAs Lifetime...

Reposting without any links since that seems to get caught in the spam bot filter The recent energy crisis and conflict in Ukraine has a lot of us worried about living costs especially energy consumption at home, which is often one of the highest regular expenses for many. Rates are shooting up...

Hi all, Long-time lurker and a first-time poster. As the title says I'm stuck between those two deciding rates/years. I'll lay out some background to clarify my circumstances and situation. Background I've been in a tough situation and separated from my partner, our house is sold and due to...

Headline: In 1970 average house prices were 3.8 x average annual salaries. In 2018 that figure is 8.4. Thought you might like to see the chart I created showing the change of average salaries in the UK and average house prices.

Does this mean if I make a purchase within the 0% period i dont pay any interest at all on that transaction or will i pay interest on that transaction when the period is up?

I've been getting different quotes for moving stuff from my current flat to the new place (no packaging service as I will handle it). Quotes range from 250£ to around 600£, except from two companies which have quoted around 950£. These two companies are the only ones that that are B.A.R...

One of my relatives recently passed away and for some reason I was in his will but like I said in the title I have no idea on what to do.

Can anyone help me figure out what things are taken into account when working out your personal Net-adjusted income? I need to this to know whether a mix of pension contributions and other deductions can reduce the income but also whether other “incomes” increase the figure. Ultimately this is...

I’m about to buy a house with a partner. I have always kept my cash in a high interest savings account. I was never sure I would be buying a place in the UK as I’m not from here originally so I was always a bit iffy about opening a LISA. Due to some unforeseen circumstances, I’m looking to buy...

38 y.o., I currently have five private pension pots from previous employments, all with different providers, that I'm planning to consolidate (note, this is excluding my current employer's scheme, which I'm leaving as-is). I've never previously looked into my pensions much, nor how they are...

Hi All, Not a very complicated post just looking to hear for some feedback if possible. I' m 28 y/o living in manchester earning 32k - £2060 per monthI've recently come out of a long term relationship (6 years) and I never really thought much about my outgoings but I'm trying to be a bit more...