2025 - Page 11 of 36 - Moneywise Britain

Impact of the Cost of Living Crisis on Income Protection and Critical Illness Insurance Uptake in the UK

By Freya Green 8 July 2025

Introduction to the Cost of Living Crisis in the UKThe United Kingdom is currently grappling with an unprecedented cost of living crisis, affecting millions of households across the country. Over the past few years, British families have been hit hard by surging inflation rates, which have driven up the prices of everyday goods and services.…

How Tax Code Changes Impact Your Take-Home Pay and What To Do If It’s Wrong

By Emily Hill 8 July 2025

Understanding Your Tax CodeIn the UK, your tax code is a crucial set of numbers and letters that tells your employer how much Income Tax to deduct from your wages or salary before you get paid. It’s not just a random collection of characters—it’s determined by HM Revenue & Customs (HMRC) based on your personal…

Budgeting on a Low Income: Practical Tips to Dodge Payday Lenders in the UK

By Freya Green 7 July 2025

Understanding the Real Cost of Payday LoansWhen you’re managing on a low income in the UK, payday lenders can seem like a quick fix for financial emergencies. Their adverts are everywhere—from late-night telly to bus stops—promising fast cash with minimal fuss and no credit checks. It’s easy to see why people find them tempting, especially…

Child Benefit vs. Universal Credit: Key Differences and Strategic Advice for Parents

By Emily Hill 7 July 2025

Overview of Child Benefit and Universal CreditChild Benefit and Universal Credit are two of the most significant financial support schemes for families in the UK, but they serve quite distinct purposes within the welfare system. Child Benefit is a long-standing payment available to anyone responsible for bringing up a child under 16 (or under 20…

Claiming Expenses: What Counts as a Deductible for UK Side Hustlers?

By Emily Hill 6 July 2025

Understanding the Basics of UK Expense ClaimsIf you’re running a side hustle in the UK, understanding what expenses you can legally claim is essential to keeping your finances above board and maximising your take-home pay. The rules set by HMRC (Her Majesty’s Revenue and Customs) draw a clear line between personal costs and those incurred…

Navigating Legal Considerations When Investing in UK Real Estate

By Arthur Wood 6 July 2025

Understanding Property Ownership TypesWhen considering an investment in UK real estate, it’s vital to understand the different types of property ownership available. The two main forms you’ll encounter are freehold and leasehold, each with its own implications for buyers and investors. Freehold ownership means you own the property and the land it stands on outright,…

Green Mortgages and Eco-Friendly Home Improvements: Remortgaging for Sustainability in the UK

By Arthur Wood 6 July 2025

Introduction to Green Mortgages in the UKGreen mortgages are rapidly emerging as an appealing financial product for homeowners in the UK who are eager to play their part in building a more sustainable future. In essence, a green mortgage is a type of home loan that rewards borrowers for purchasing energy-efficient properties or making eco-friendly…

Junior ISA vs. Trust Funds: Making the Best Choice for Your Family’s Financial Goals

By Emily Hill 5 July 2025

Introduction to Junior ISAs and Trust FundsWhen it comes to securing your child’s financial future in the UK, two popular options stand out: the Junior Individual Savings Account (Junior ISA) and Trust Funds. Both serve as vehicles to help parents and guardians save money for their children, but they come with different structures, rules, and…

Financing Your Buy-to-Let: Comparing Interest-Only vs Repayment Mortgages in the UK

By Arthur Wood 5 July 2025

Introduction to Buy-to-Let Financing in the UKIf you’re considering stepping onto the property ladder as a landlord, understanding buy-to-let financing is crucial. In the UK, buy-to-let mortgages are specifically designed for individuals looking to purchase properties with the intention of renting them out rather than living in them. These financial products differ from standard residential…

Fees, Charges and Transparency: Are Pensions or ISAs More Cost-Effective for UK Retirement Planning?

By Ella Davies 5 July 2025

1. Understanding the Basics: Pensions and ISAs in the UKIf youre starting to think about retirement planning in the UK, youve probably come across two popular options: pensions and ISAs. But what exactly are they, and why do they matter so much for your future? Let’s break it down in simple terms. A pension is…