How does the government bonus work with Help to Buy and Lifetime ISAs?
November 09 2023
Both Help to Buy and Lifetime ISAs offer a government bonus. With Help to Buy ISAs, you receive a 25%…
What’s the process of transferring an existing Help to Buy ISA to a Lifetime ISA?
November 09 2023
You can transfer the funds from a Help to Buy ISA to a Lifetime ISA without losing the government bonus….
Can I use a Lifetime ISA for retirement and buying a home?
November 09 2023
Yes, you can use a Lifetime ISA for both purposes. You can withdraw the funds, including the government bonus, tax-free…
How do Lifetime ISAs work, and what are their benefits?
November 09 2023
Lifetime ISAs (LISAs) allow you to save for retirement or a first home purchase. You can contribute up to £4,000…
What’s the difference between net pay and gross pay?
November 09 2023
Gross pay is your total earnings before any deductions, such as taxes and National Insurance. Net pay is what you…
How can I understand my tax code and deductions from my payslip?
November 09 2023
Your tax code on your payslip tells your employer how much tax to deduct. It’s based on your tax-free allowance,…
What information is typically included on a payslip?
November 09 2023
A payslip usually includes information about your gross pay (your total earnings), deductions (such as tax and National Insurance), your…
Can I pay off my student loan early, and are there any penalties?
November 09 2023
Yes, you can pay off your student loan early without any penalties. There are no additional charges or fees for…
What’s the relationship between student loan repayments and my income?
November 09 2023
Student loan repayments are linked to your income. The more you earn, the higher your monthly repayments will be. The…
How do student loan repayments work, and when do they start?
November 09 2023
Student loan repayments begin after you graduate and start earning above a certain income threshold. Repayments are taken automatically from…