Danielle Richardson

2 weeks ago | telegraph.co.uk | Mike Warburton |Danielle Richardson |Pieter Snepvangers

Alternatively, you could look at options to reduce your income tax band. Ways to do this include increasing your pension contributions, giving money to charity and taking advantage of salary sacrifice schemes. Our guide to avoiding the 40pc tax bracket offers nine methods to consider. Of course, one of the best ways to protect your savings from tax is to put them in a tax-free savings account. 1. IsasYou can invest up to £20,000 into an Isa every year, and the returns you receive are tax-free.

Mar 17, 2025 | telegraph.co.uk | Danielle Richardson

To be eligible for this benefit, there are certain conditions you need to meet as a parent or guardian: You must have a National Insurance number You must be in work.

Mar 15, 2025 | telegraph.co.uk | Danielle Richardson

How to use this calculatorThe first step is to enter your account's current balance - this can be £0 if you haven't started saving yet. The next box is for any monthly saving amounts, but you can leave this blank if you're not planning to make any additional contributions. Next, enter the number of years you want to save for, and the annual interest rate. Finally, click the "calculate" button to see your result. What is this tool useful for?

Jan 23, 2025 | aol.co.uk | Danielle Richardson

Lifetime Isas or “Lisas” were first introduced in April 2017, as then-chancellor George Osborne’s offering to help first-time buyers and future retirees grow a tax-free nest egg in one fell swoop. It was a clever move, offering help to both young people who needed help to get onto the housing ladder, and offering an alternative to a pension to those saving for the longer-term. Here, Telegraph Money explains how Lifetime Isas work, and what you need to know about the withdrawal penalty.

Nov 15, 2024 | finance.yahoo.com | Danielle Richardson

371940626 Lifetime Isas or “Lisas” were first introduced in April 2017, as then-chancellor George Osborne’s offering to help first-time buyers and future retirees grow a tax-free nest egg in one fell swoop. It was a clever move, offering help to both young people who needed help to get onto the housing ladder, and offering an alternative to a pension to those saving for the longer-term.