Last updated: 28 May 2026 | MoneyWise UK Editorial Team | Source: Finder/Censuswide survey of 2,000 UK adults, January 2026 The average person in the UK has £19,214 in savings in 2026, but that headline hides a big gap by age, gender and region. This page sets out the average savings by age in the…
Last updated: 28 May 2026 | Compiled by MoneyWise UK Editorial Team | Figures sourced from Ofgem, Ofwat, Ofcom and GOV.UK This page pulls together the average UK household bills and the headline figures in the 2026/27 financial year, with every number linked to its official regulator or government source. We update it as new…
You qualify for a DRO if you have debts under £50,000, assets under £2,000, monthly disposable income under £75, and live in England or
Yes, you can write off debt in the UK through formal insolvency procedures like bankruptcy, Debt Relief Orders, or Individual Voluntary Arrangements. Creditors may also write off…
After 12 months your DRO ends automatically. Qualifying debts are wiped completely, restrictions lift, and you receive a completion certificate. You can rebuild your credit and…
Statute barred debt UK refers to old debts that creditors can no longer legally pursue through court action, typically after 6 years of no contact or payment
A CCJ lasts for 6 years on your credit file from the date of judgment. However, satisfied CCJs may be viewed more favourably by lenders after
A debt snowball calculator shows exactly when you’ll be debt-free by listing debts from smallest to largest balance, whilst paying minimums on all except the
Making Tax Digital is mandatory from April 2026 for the self-employed. Learn who must sign up, what it costs and how to prepare in our UK guide.
Last updated: 9 May 2026 | Reviewed against official UK guidance where available | Budgeting and Money Tips Quick Answer GOV.UK says the Personal Savings Allowance is up to £1,000 for basic-rate taxpayers, £500 for higher-rate taxpayers and £0 for additional-rate taxpayers. Some people may also qualify for the starting rate for savings of up…
