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 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 »

Apply for a Mortgage Agreement in Principle

    You can now request an Agreement in Principle (AIP) on our website! Obtaining an AIP is a quick and easy way to find out how much you could potentially borrow before you apply for a mortgage. This could allow you to start viewing homes within your budget. It’s not compulsory to have an… Read more »

Categories: Products

No1 CopperPot’s Travel Guide

After the last 12 months, we think everyone deserves a holiday! Some of you may feel comfortable travelling abroad, but for some that might be too much too soon, and that’s ok! The UK has plenty of beautiful holiday locations for you to visit and enjoy. We have complied a list of some must-see UK… Read more »

Categories: Advice, Products

Offering loans to UK residents only

We are now only offering loans to members who are UK residents, and we want to make you aware of this change and the reasons behind why we have taken this decision. As a not-for-profit organisation we must make decisions which are in the best interests of all our members, and it was with a… Read more »

Categories: Office Updates

Let’s talk about taxes

  In the UK most people have their tax automatically removed from their salary each month however this is not the case if you are, for example, self-employed. The amount of tax you pay will depend on how much you earn per year. This is because the government has different band rates for each earning… Read more »

Let’s talk about making up for lost time

  Lockdown has been a difficult time for many of us. Slowly but surely restrictions are being lifted and normal life will hopefully resume in the not-too-distant future! You may be thinking about making up for lost time, maybe you are planning to see family and friends or have a shopping spree. The pandemic changed… Read more »

Let’s talk about junior savings

  Let’s talk about saving for your children We understand the importance of saving and believe that the earlier an individual starts to save, the better. Encouraging children to save can help them to understand money and create good habits early on. If you were to save £20 a month for 18 years, you would… Read more »

Stamp Duty holiday extension

  What is Stamp Duty? Stamp Duty Land 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 £1,500,000). About the Stamp Duty holiday The Stamp Duty holiday was first… Read more »