What Is PensionBee?
PensionBee is a UK-based company focused on making it easier to save for your pension. The app allows you to consolidate any old work pensions into a single pension fund that you can manage from one tidy looking platform.
PensionBee launched in 2014, founded by CEO Romi Savova and CTO Jonathan Lister-Parsons. Savova and Lister-Parsons were inspired to create the service…
All other things being equal, there is a positive correlation between age and salary. In general, the older you get, the higher your salary should grow.
With age comes experience, and older employees are typically in a better position to leverage their experience for…
What Is Moneybox?
Moneybox is a “micro-investment” app that rounds up everyday purchases so that young people have some money to invest. Moneybox rounds up any payment you make with a linked payment method and puts that extra change to work by investing it in…
In a rush? Here’s the TL;DR…
ESA income-based payout amounts are not affected if you or your partner have less than £6,000 in savings. If you have more than £16,000 in savings, you are not entitled to ESA benefits. If you have between £6,000-£16,000 in savings you receive a monthly income that is reduced by £4.35 for each £250 saved up. Savings do not affect “new style”…
Pros and Cons Of Personal Loans. Everything You Need To Know
February 10, 2020
TL;DR: The advantages of personal loans include convenience, flexibility, low-interest rates, and security. The disadvantages of personal loans include regular monthly payments, the potential for debt cycling, and inflexible payment rates.
Sometimes you need a bit of…
How to Choose The Best Business Bank Account (UK)
February 5, 2020
Having a business bank account is good for basically any commercial purposes, even freelancers and one-man firms.
While you are not required by law to have a business account if you operate a company in the UK, business bank accounts are usually a good idea.
They can…
What Is SIPP? (An Ultimate Guide To SIPP UK)
February 5, 2020
TL;DR:
A Self-invested personal pension (SIPP) is a tax-advantaged
retirement account in the UK. SIPPs give individuals the freedom to
invest in a wide range of securities and not just those approved by
the company. You must be 55+ years old to withdraw from your SIPP.
One of the major goals most people have in their working career is to save enough money for retirement.
After working for…
How to Calculate Your Net Worth (+UK Calculator)
January 14, 2020
TL;DR:
Your net worth is the difference between your total assets and total
liabilities. Calculate how much you own and subtract how much
you owe and the resulting figure is your net worth.
Did you know that Bill Gates has a net worth of £83 billion?
Now, to be…
TL;DR: You should try to spend no more than 35% of your gross (pre-tax) income on your mortgage. A more conservative recommendation is no more than 25% of your gross income.
If you are currently in the market for a house you will first need to figure out exactly how…
How Has Airbnb Affected the UK’s Housing Market?
January 11, 2020
What Is AirBnB?
Unless you have been living under a rock you have probably heard of Airbnb. Founded in 2007, Airbnb has exploded into a multi-billion dollar business and operates in over 190 countries across the world.
After all, the idea of being able to rent a cozy home-like abode for less than the price of a soulless hotel room is a nice one and explains why Airbnb has become especially…