From September 2023 new students starting university or higher education will now be on a ‘plan 5’ loan system.This is the biggest change to student finance in England in a decade and will lead to many paying back double what they would have done on the old system.It is important to recognise that student loans are not like other loans. They come from the Government and give you more protection than loans that you have with a credit card or buying a home.You do not repay anything … [Read more...]
Tax Year Allowances 2022-2023
Please see below updates for this coming April. There is still some debate around delaying the NI increase, I think we are all keeping our fingers crossed that this is delayed or cancelled.Tax AllowancesTax codes will not be changing, if you are currently on a 1257L tax code, this will remain the same for 2022. This means you can earn up to £242 per week or £1,048 per month before paying tax.National Living WageThe national living wage, minimum wage and for those aged 23 and … [Read more...]