Budgeting and Money Tips

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.

By Sarah Mitchell | Last Updated: 7 April 2026 | Budgeting and Money Tips Quick Answer Most UK savers can earn £1,000 tax-free on savings interest in 2026-27 through the Personal Savings Allowance. Higher-rate taxpayers get £500, whilst additional-rate taxpayers pay tax on all savings interest. Table of Contents How Much Savings Interest You Can…

By Sarah Mitchell | Last Updated: 3 April 2026 | Budgeting and Money Tips Quick Answer The £125 annual working from home allowance ends on 5 April 2026. You can still claim actual home office expenses through the more complex but potentially higher-value itemised route. Table of Contents Why the Working From Home Allowance Was…

By Sarah Mitchell | Last Updated: 6 April 2026 | Budgeting and Money Tips Quick Answer The minimum wage 2026 UK new rates from 6 April 2026 are: £12.71 per hour for adults (21+), £12.71 for 18-20 year olds, £10.85 for under 18s, and £7.55 for apprentices. Table of Contents April 2026 Minimum Wage Rates:…