Welcome

We like to keep our members updated on everything going on at No1 CopperPot Credit Union, here you can find a round up of our news.

News

Let’s talk about emergency savings

  Do you have savings set aside for emergencies? Not sure what you should be saving for or how much you should put away? I’m going to talk through some ideas on what you could be saving for and how much you may need. Nearly 4 in 10 people found themselves out of pocket last… Read more »

Let’s talk about the end of the Stamp Duty holiday

  What is Stamp Duty? Stamp Duty Lan Tax (SDLT) is applied to some residential property purchases in England and Northern Ireland. Ordinarily, there are different tax rates for different purchase prices ranging from 0% (up to £125,000) to 12% (in excess of £1,500,00). How is it changing? A decrease in stamp duty was introduced… Read more »

Let’s talk about going on holiday

Here’s a quick breakdown of the current rules and information in England relating to holidays and what you can expect in terms of pricing. What you need to know Below are some of the travel rules which will come into effect on Monday 19th July: Adults in England who were fully vaccinated in the UK… Read more »

Let’s talk about leasing a car

  Leasing a car The number of ways to finance a new car is continually growing, with lease (also known as Personal Contract Hire (PCH)) agreements becoming increasingly popular. The process of leasing a car involves signing an agreement with a broker for the long-term hire of a new vehicle. When the agreement ends, you… Read more »

Let’s talk about premium bonds

  Premium bonds: what are they and should I buy them? Premium bonds were introduced by National Savings and Investments (more often known as NS&I) to encourage people to save. They were established in 1956 and are now owned by approximately 23 million people in the UK! You don’t get paid interest, but instead there’s… Read more »

Let’s talk about savings tax

  Many of us try to put some hard-earned savings aside each month to save for the future. But it’s important to be aware of how they’re taxed. I’m going to try and help to make things clearer, so that you have a better understanding of how taxes are applied to your savings. Many people… Read more »

Let’s talk about the new 95% LTV mortgage scheme

  The government has backed a new mortgage scheme which was introduced on the 19th April. The new scheme aims to turn “generation rent” into “generation buy” by helping make purchasing a home more affordable for aspiring homeowners. The pandemic has made it difficult for people to get onto the property ladder as it has… Read more »