Personal Finance Hub

Rebecca Goodman

Debit lets you use and access money you already have. Credit lets you borrow money that you’ll later pay back.

Ruth Jackson-Kirby

In the UK, millions of people are in debt. If you’re one of them, don’t panic. There are steps you can take to get your debt under control.

Ruth Jackson-Kirby

A debt management plan is an agreement between you and your lenders if you are unable to pay your debts.

Ruth Jackson-Kirby

A credit score, also known as a credit rating, is a number used to represent your credit history. There are three credit agencies in the UK, and each calculates their credit scores differently.

Ruth Jackson-Kirby

Don't know your credit rating? It’s easy to find out without hurting your credit score.

Rebecca Goodman

Tax relief allows you to pay less or earn money back from the government. We explain key tax relief types and how to put in your claim.

Rebecca Goodman

The UK has two main rates of income tax: 20% and 40%. We explain these different income tax brackets and the allowances you may be eligible for.

Rebecca Goodman

Income tax is charged on most forms of income, but the way you pay depends on your employment.

Rebecca Goodman

With the pay-as-you-earn (PAYE) system, your employer deducts income tax and national insurance from your salary.

Rebecca Goodman

Tax codes are used to calculate how much income tax you must pay. It's important to check to make sure your code is correct.

Rebecca Goodman

Self-employed workers or those with additional income streams must pay income tax by filing a self-assessment tax return.

Rebecca Goodman

UK income tax is typically paid through the pay-as-you-earn (PAYE) scheme, but additional tax payments, including the self-assessment payment, can also be paid online.

Rebecca Goodman

Contactless payments make daily transactions easier by allowing you to hover your card or device over the payment terminal.

Hannah Smith

Notice accounts are savings accounts offered by banks that require advance notice before the day you want to withdraw.

Rachel Lacey

In this article, our NerdWallet research examines how much consumers plan to spend on Christmas presents in 2020, how they’re paying for them, and how spending compares to 2019 – alongside practical ways to save on Christmas presents and how to say when you can’t afford to buy presents.

Whatever your age and fitness level, an activity tracker or smartwatch can be useful. But what Fitbit tracker suits you will depend on your budget and desired features.

Ruth Jackson-Kirby

Aim to find an instant access account that allows your money to grow and offers a competitive interest rate even after an introductory bonus period.

Ruth Jackson-Kirby

Opening a regular savings account requires minimum savings each month, and you’re offered a top interest rate in return. Learn what’s required and how to compare the best options.

Ruth Jackson-Kirby

Credit unions are co-operatives that provide loans and savings accounts to members, and your employer or trade union may have an affiliation or you can search for one online.

It is best to exchange currency in the UK through a major bank, post office or online foreign exchange specialist, for example, before you embark on your journey and not last-minute at an airport.