Personal Finance Hub

Daniel Liberto

A high interest rate can help if you are saving by adding more money to your deposit. A low interest rate can benefit if you are a borrower as less money is added to what you already owe.

Daniel Liberto

The Bank of England base rate can influence how you manage your finances. A high base rate is good for savers while a low base rate is good for borrowers

Daniel Liberto

A rate of inflation is the percentage rate of change in the prices of goods and services. High inflation means more costly goods – and wages that probably haven’t caught up.

Rebecca Goodman

Universal credit is a means-tested benefit for people without an income or for those on a low income. Read on to learn who is eligible for the benefit, how much the payment will be and how to apply.

Laura Whateley

Bankruptcy is a legal tool to resolve overwhelming debt. When you declare bankruptcy, the court will use your assets to help clear the debt you owe on your behalf, ending your relationships with your creditors.

Laura Whateley

With the debt snowball, you pay off debts in order from smallest to largest. With the debt avalanche, you direct extra cash toward the debt with the highest interest rate.

Laura Whateley

There are two types of debt: secured and unsecured. How best to handle it depends on the type of debt you have.

Laura Whateley

Debt is money owed by one party to another. If you repay your debts, you can continue to borrow - and will likely be able to borrow more.

Laura Whateley

Ethical money solutions help us do some good for the planet with our everyday finances. Read on to learn more about ethical financial solutions including ethical current accounts, savings accounts and ISAs, mortgages and green energy tariffs.

Suzanne Worthington

Pet passports issued in the UK are no longer valid for travel to countries in the European Union. Here’s what you need to do to take your pet abroad and how to get an animal health certificate for your dog, cat or ferret.

Hannah Smith

You can invest in gold by buying the physical asset, buying a physical or synthetic gold exchange-traded commodity (ETC), or through types of gold miner shares.

Rebecca Goodman

National Insurance is a tax paid by most UK workers. Read on to learn about National Insurance including what it pays for, how to find your National insurance number, where to check how much you’ve paid, and how contributions could impact your State Pension.

Rebecca Goodman

If you are self-employed, earn income from an additional revenue stream, or claim some benefits then you may need to file your taxes. Read on to understand when the tax season is, how to prepare your taxes and how long it could take to complete them.

Rebecca Goodman

A tax advisor or accountant can file your tax return for you, taking a lot of stress out of the process, but using them can come at a price. Learn the benefits and cost of using one.

Laura Whateley

A beneficiary is someone, or several people, who you want to leave your financial and physical assets to when you die. Learn more about beneficiaries and how they are different from executors and trustees.

Laura Whateley

Power of attorney is legal permission that another person can take control of your private affairs when you are no longer able to do so. Learn how it can impact your financial and personal affairs and how to register and change your power of attorney.

Laura Whateley

A will explains how you want loved ones to inherit your money, property and belongings when you die. It doesn’t have to be expensive or lengthy to be legally binding – in fact, it’s possible to make a will yourself, provided it has been correctly witnessed and your affairs are not complex.

Laura Whateley

Estate planning helps you to arrange how to leave your money, property and possessions to your loved ones when you die. From writing a will to minimising inheritance tax, here are the building blocks of an efficient estate plan.

Ruth Jackson-Kirby

Building societies are mutual organisations, which means they are owned by their customers. They offer current and savings accounts and mortgages so they can be an alternative option to a traditional bank.