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 »

    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 »

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 »

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 »

  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 »

  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 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 »

  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 »

  The decline of short term lenders Short-term lenders, often known as payday lenders, are financial companies that can lend applicants small amounts of money quickly and generally over a shorter period of time. You may have heard of a few infamous short-term lenders such as Wonga, Sunny, Lending Stream and Quick Quid. You may… Read more »

  Credit unions first appeared in the UK in the 1960s, but the first credit union in the world is thought to have been set up in 1852. They were set up with the idea of people helping people, and still operate this way. Credit unions are member owned, not for profit cooperatives that operate… Read more »