After bills, mortgage, utilities, pension, food and essentials, I'm left with £1100 pm.

I have £12,000 savings.

My whole house needs renovating. I moved in last year and it hasn't been touched since the early 90s. It's embarrassing. But functional.

I need to save £4000 for a tooth implant (a front tooth was snapped in half in an accident, there's a crown on it atm but dentist doesn't expect it to last more than 2 years, he said)

I need savings for when my boiler breaks. Or when the washing machine breaks or something packs in.

I also wanna have a life and have fun. I'm 30. But I can't drive.

Atm, I spend £400pm on leisure, going out for meals, taking my partner out, going on trips, ect. And I put £700 pm into a savings account (towards an implant, house renovation, ect)

Do you think I can afford to learn to drive? Lessons would cost £300 pm and I'm guessing owning a car would be similar. My place of work is a 20 minute walk from my house (I've worked here 15 years) and public transport in my area is good. I live just outside if Manchester. Do you think it's worth it or am I best just saving?

I 40(M). Wife suggests moving to seaside town (some friends moved there 2 years ago) due to high mortgage costs / cost of living in London, which might get worse over the next year or so. Two kids 10 and 8.

If we sell our London house, we have some equity (fortunate I know) but we'd probably have a similar mortgage size and repayment in seaside town, difference is we'd have some cash in the bank which I'd try not to touch ~250k.

Setting aside that I would personally prefer to stay in London, my wife would need to leave her £30k pa job as it's in a school and our mortgage costs are similar. Does it actually make financial sense to move?

For more info... I'm a small business owner, my income is around 50k, I could potentially pay my wife 30k if she helped out in the business but company finances would be tight.

Edit; Some great replies already, thank you...

What is the best thing to do with the £250k, smaller mortgage or invest?

I don't need to commute to London

I don't think my wife wants to work anymore ;(

Yes it is Margate

Dad moved into care home this summer, and his home has been empty since. Care home fees are insane, and whilst it's OK for the foreseeable, extra income would blunt the reduction in what he has saved for this time of life.

Before anybody asks, yes the FLPA are in place, so we're ready in that respect.

He has his home, which is now empty, and whilst I'm keen to sell it and use the interest from the sale to help fund his fees, we have the option to rent it to a friend of the family.

I'm unsure what this means from a tax perspective, it's Dad's house, and between his pension and savings interest (yes ISAs / PBs are maxed out) I have to do his tax return, so I'm unsure as to what the tax implications of this are. Or does it make more sense to sell the house for approx £650k, and use the interest to help with carehome fees (noting that he pays 40% on interest already, so there will be a lot more tax to pay).

My question is, does it make more financial sense to rent out for about £2250 or put away the house sale at about the same level of interest a month (obviously it will be subject to tax). I'm comfortable with who we're renting to, if it was somebody we didn't know, I would be selling the house.

There is also the complication in selling of a trust attached to the house, but that's a whole other story for which I have to take legal advice.

I'm a higher-rate taxpayer and want to contribute the max annual allowance into my SIPP (£60k). This is the first time I'm making a lump sum payment into my SIPP and it's not clear how much to pay in, given there are tax relief on contributions! Assuming my workplace pension contributions already total £10k, should I pay in an additional lump sum of £40k (0.8*£50k) or £30k (0.6*£50k)?

Please note that this is not coming from a place of despair. I simply want some logical advice on how to navigate life.

I live in London with my parent who has dementia. They’re a single parents, I’m an only child. I get carers allowance and nothing else. They get pension credit. The council flat is in their name. They’re adamant I’m a secure tenant but we haven’t been able to find out for certain, and regardless even if I am they’ll surely kick me out when she passes, right?

For now, I have £6,000 in my savings. I receive £345 a month from carers allowance. No other source of income. I don’t pay bills at home but they don’t need me to, they’re fine financially.

What on earth happens to me when the dreaded day comes? My age mates are all buying properties, some their 2nd. All have rented and lived alone and now moved onto getting their own places. I feel like I am worlds away from that. How am I supposed to work toward that when I’m caring for my parent? Not a trick question, genuinely want to know how my life roadmap looks when they pass. Just start renting and find a full time job then begin my life that way? We also don’t know when that’ll be (hopefully not any time soon and yes it feels morbid to even ask) but I need to know these things and wouldn’t know who to ask really.

On £38k, take-home about £2,380. I've got £4.6k on a 0% card until May, no savings, and a wedding next year. I had been slowly clearing the card (was even briefly paid off) via balance transfers over the last 8 years but back to back redundancies meant I had to use it again.

My car's a 2013 Merc diesel on 132k with patchy history, which I can get £1,700 for it on Motorway. It costs about £245/month to run, plus whatever breaks (the last repair was £500 for a horn). I only do about 5k miles a year now that I WFH.

Work offers an EV salary sacrifice scheme through Octopus. A new Micra EV would knock about £290/month off my take-home, with insurance, servicing, tyres and breakdown all included. After everything I'd have about £250 left a month before card payments. Also don't have a charger fitted yet but with a £400 off it would be around £600.

Is it daft to take on a 4-year car commitment while I'm clearing a card and saving for a wedding? Or is the predictable cost worth it compared to gambling on an old diesel? I can't seem to get my head around the maths. Feels like no matter what a car is costing me £250+

I am currently 17, nearing 18 in 3 months. I have about 15k+ pounds sitting in my government trust fund which was set up. Our family is not in any debt, nor are we in a uncomfortable situation. Everything is paid off.

Now, I despise spending money. I barely ask for cash from parents or family members (last year I got ~300 pounds from my 17th BDay, I still have 220 left over.) With this amount of money, I'd rather let it sit sitting in a investment account for some time, whilst also using this money as a emergency, JIC.

However, for this opportunity only, I am thinking of spending a little bit (around 500 pounds) for myself, then dump most of it on a Stocks and Shares ISA. For the "myself" part, possibly a used Nintendo Switch OLED, and maybe a new keyboard (it's starting to fail due to water damage).

Is this a dumb decision?

My dad sadly passed away earlier this year, aged 70, leaving a pension worth approximately £150,000 with Standard Life.

In July 2024, he formally nominated my two young daughters (his granddaughters) as the sole beneficiaries, allocating 50% to each.

I also have WhatsApp messages showing that he discussed the nomination with me, asked for their dates of birth and subsequently sent me a screenshot confirming he'd nominated them both.

My dad also had a valid will, written before his pension nomination, which left his estate equally between me, my sister and his long-term partner.

His will remained unchanged when he passed away.

Standard Life has explained that although my daughters are the nominated beneficiaries, the nomination isn't legally binding and the scheme administrators have discretion over who receives the pension.

They are therefore contacting other potential beneficiaries.

My dad's partner of approximately 13 years has now confirmed that she wishes to be considered for a share of the pension, despite already being entitled to one-third of his estate under his will.

They weren't married, had no children together and, as far as I'm aware, maintained separate households and finances. She had her own council tenancy throughout their relationship.

They also separated for prolonged periods in 2020 and 2024, although they had reconciled by the time my dad passed away.

I'm not aware of any ongoing financial dependency between them, although I appreciate I don't know the full details of their private finances.

My dad made a clear distinction between his estate and his pension. He provided for his partner through his will and subsequently chose to nominate his granddaughters for the pension.

I'm worried Standard Life could award his partner a share, reducing what my daughters receive.

I understand that his partner is entitled to ask to be considered and that Standard Life must follow its scheme rules.

My questions are:

1. Has anyone experienced a pension provider departing from a clear beneficiary nomination, particularly where an unmarried partner was involved?
2. How much weight do pension administrators generally give to the deceased's nomination compared with a surviving partner's circumstances?
3. Does the fact that my dad made his pension nomination after writing his will, which separately provided for his partner, strengthen my daughters' position?
4. Would it be recommended to get a solicitor involved at any point?
5. Basically, what are the chances that my dads partners claim will be successful and what percentage would she be looking at getting.

I would have to borrow money to pay for legal representation, so I'm reluctant to do that unless it could genuinely make a difference.

Thanks in advance.

I’m comparing the Santander World Elite Mastercard and Lloyds World Elite Mastercard, and I’m trying to confirm whether their airport lounge memberships include the £18 credit at participating airport restaurants.

For Santander, The Evergreen Bar & Brasserie at Manchester Airport Terminal 2 appears on the Santander-linked LoungeKey website. I’ve contacted both Santander and LoungeKey, but neither has been able to give me a definitive answer.

For Lloyds, I’ve found a Head for Points article updated on 6 June which explicitly says the full Priority Pass restaurant list is available to Lloyds World Elite Mastercard holders. However, Lloyds customer service couldn’t confirm this when I asked.

Can anyone who currently holds either card confirm whether they’ve personally used the £18 restaurant credit at any airport and please state which one if you can?

I’m ideally looking for firsthand experiences rather than general information about LoungeKey or Priority Pass, as I understand benefits can vary depending on the card issuer.

Thanks.

As title suggests, I'm a little confused about tax-free allowance as someone who has 2 seasonal jobs (and might take on more). I've just been on a call with HMRC and what they've said contradicted what I previously thought was the case. I would really appreciate any help.

Just for context, I'm recent uni grad in my 20s and this is my first experience with taxes and HRMC (I joined my 1st job 2 years ago and earn under tax-free amount as it's only few months work per year so I never had to deal with HMRC before).

My new job is a temporary role. I recently worked full-time for 2 weeks and i'm still on payroll as I'll be called in for next season for another two weeks probably. So I can work there 4 weeks per year max.

I thought that we can work in multiple jobs and as long as we earn under the 12k tax-free amount, we won't get taxed on our wages. But HMRC have told me that since I have two jobs, I can split my allowance between both (so that its 6k allowance). But this means I will have allowance of £500 per month and if I get paid over that amount, I will be taxed on it (since they are dividing that 6k over a year).

But the nature of BOTH of my jobs are such that I only work there for a month or two and then wait till next work season. So for 1st job its maximum of 3 months of work per year. While the 2nd job is like a month per year.

So if i understood correctly, I'm going to be taxed on my wages for both jobs now as I earn over £500 per month during work season even though yearly income is less than £5k.

But then I did some digging and learnt that if my yearly income is under 12k, all the taxed amount from that year will be refunded to me. Is that correct? Or am I misunderstanding?

So am i getting that tax returned at end of year or should I just quit the second job to avoid this issue? Idk it just feels extra sucky to be taxed when I don't even earn £5k a year.

Can someone help out please? I honestly feel so stupid and calling HMRC ended up making me feel even worse than before I phoned them (I called them cos new job had taxed me incorrectly).

Thank you so much in advance!

Can an HMRC informal stand-over prevent my National Insurance refund being used against a disputed PAYE tax bill?

Hi everyone,

I'm hoping someone with experience of HMRC's internal procedures or a similar situation can advise.

I've recently received a letter from HMRC confirming a National Insurance overpayment refund.

However, my HMRC online account also shows a PAYE Income Tax underpayment of approximately for the 2025/26 tax year. The payment isn't due until next year and I know its false and currently disputing it.

I worked for four different employers during that tax year, moving between jobs. I completed new starter checklists and provided P45s. I'm challenging the PAYE calculation and request a review of my employment records, tax codes and deductions as I know it's E incorrect. Even the date I left an employer is incorrect.

My main concern is that HMRC might automatically offset my NI refund against the outstanding Income Tax balance before the calculation has been reviewed.

I've read about something called an informal stand-over, which apparently allows HMRC to temporarily suspend collection of a disputed tax liability.

My questions are does anyone know if:
Can an informal stand-over, or an equivalent collection suspension, be applied to a PAYE underpayment?
Would this actually stop HMRC automatically offsetting my NI refund against the disputed tax balance?
Does it make a difference that the tax payment deadline isn't until next year?
Has anyone successfully received their NI refund while a separate PAYE underpayment was under review?

Thanks in advance

My son is under 12 and has inherited £10,000 under the conditions it’s paid to me (mother) & I put it into an account for him when he’s 18.

What would be the best sort of account to optimise the interest for him as he would have 10 years until he is able to use it & I want him to get as much out of it as possible for a great start in life.

Edit to say we are based in Scotland

Any advice appreciated!

Thanks :)

Hello everyone. My current situation is as follows:

I (40F) am married to a 40M. We are childfree and have one cat. 

Car: an EV bought outright in 2021, relatively low running costs 

Mortgage: paid off in full earlier this year. In 2021 I made the decision to switch to a rate of 1.64%, fixed for five years. There must have been someone watching over me that day! When I was in the final month of that rate, the bank allowed me to pay off the balance in full without penalties. As the balance was so low (under 50k), it's unlikely any other lender would have taken me on. What with related setup fees and higher interest rates, it was an easy decision to make.

Salaries: £51.5k for me, £40k for my husband, giving a combined total of £91,500. We have office jobs in London with fixed hours and no requirement to work on weekends. 

Having had far worse than average luck on Premium Bonds, we have taken money out of there to put into ISAs. We have each maxed out the ISA allowance for this financial year. 

We are both maximising employer matched pension contributions. I am currently adding extra to my pension; a total of 17% a month. Together with employer contributions, that's 30% a month currently. Husband is contributing 5%, which is fully matched. 

Debts: I've paid off my student loan so none for me, a student loan for my husband. Day-to-day spending is done using credit cards which are paid off in full every month, no exceptions. 

We have relatively low expenses. One streaming service, high-speed internet at home (I WFH twice a week), pet insurance, a gym membership each (partially subsidised through work) on top of the usual food and utility bills. The occasional night out or takeaway, and of course Christmases, birthdays etc. The bulk of our leisure spending goes on holidays abroad. Savings are always tucked away first before any leisure spending.

My questions:

Is the limit on interest earned solely based on salary, even if I'm ploughing all this extra money into my pension using salary sacrifice? Is my pre-tax interest limit only £500, rather than the full £1000?

What are the best tax efficient savings we can utilise?

What should I be prioritising now if I want to retire at 57?

Big thanks in advance. 

I've been with the same financial advisory firm for a few years now. It's been good to learn and get organised with stocks and shares ISA and a Collective Investment Account through quilter. The total payment is 1.25% annually. The advice is always to stick and hold, this is more for later in life/retirement, which will still be the plan.

However I'm starting to wonder if I need to be paying that fee for the rest of my life if it's the same advice every year? I feel I can stomach the peaks and dips, as long as I hold till i'm 60?

I'm still a beginner with all this but any advice would be much appreciated.

Cheers.

Was at a club in Budapest. A hostess was bugging me asking to buy her a drink, so I agreed to a Coke for a few quid. (Currency was in Hungarian forints)

She later came back with an entire bottle of wine. I immediately told her I hadn't ordered that, but she reassured me it was on the house and she was only pouring a glass and she was welcoming me to Hungary.

I'd had one sip, but after a while I started getting wary. Everyone was being unusually friendly, including the bartender making small talk. Something just didn't feel right (On an unrelated note please take this as a lesson to trust your gut instinct)

I eventually went to the till to pay for the Coke. The bartender quoted me a price in Hungarian forints equivalent to a couple of pounds, so I tapped my First Direct Visa credit card.

Only when I got home and checked my banking app did I realise I'd been charged just under £200.

Looking back, it's pretty clear I was played. The card terminal was facing away from me, and I was never given a receipt. Also why would she ask for a coke? if she has the authority to get a whole bottle of wine on the house then surely she should be able to get a glass of coke on the house for herself?

I contacted First Direct, but they basically said I should've checked the amount before tapping. I understand that, and obviously I've learned my lesson.

But think about it. If you walk into a restaurant or shop, buy a basic item and the cashier verbally quotes you £3, would you seriously expect them to secretly charge you £200?

Most people, especially for small transactions worth a few quid will simply tap their card and move along with their day.

Surely there's a difference between authorising a payment and being deliberately misled about the amount?

First Direct have escalated it to their complaints department.

Has anyone successfully challenged something similar? Would I have a chance with a Visa chargeback or the Financial Ombudsman on the grounds of misrepresentation, despite physically tapping my card?

I know I was played, but surely there's some consumer protection for situations like this?

Any advice appreciated.

If we started living together as a married coupe from January 2025, would the marriage tax allowance back-date claim be calculated for the full 2024/2024 tax year ? I.e. £252 for 2024/2025 and then £252 for 2025/2026 ? or would the 4 months of marriage in the 2025/2026 tax year be disregarded since it was for just 4 months of that tax year ?

I paid a £100 reservation fee to a car dealer before going to look at a car. We started negotiating but I withdrew from negotiations before we'd come to an agreement. I've repeatedly asked for my £100 reservation fee back but they're refusing to give it me back.

Is there any way my bank can help me get my money back?

I did think twice when I made the payment. But they've been in business 10+ years so I thought I should be OK - they're en established company, with good reviews on autotrader. But they're clearly shitty car dealers and I've learnt my lesson.

I just want to get my £100 back - I can't afford to pay £100 just to look at a car.

In the last month Barclays have sent me two new bank cards with no explanation- I had only had my original card for two years so it wasn’t close to expiring and I assumed it was due to them changing design or something as the new card looked a lot different to my old one. However I have just received another new card! why could this be?

Hello… I’m just wondering if anybody has ever needed to refer a complaint to the Financial Ombudsman Service, and how that experience has been?

I am currently dealing with them as I’m trying to reject a faulty vehicle and unwind my HP finance agreement. The investigator has decided not to uphold my complaint but I still have the option to escalate further if I’m not satisfied. From my understanding, investigators pretty much read off the same hymn sheet and may not properly assess a case in detail… Just wondered if anyone has had the same happen and found that an ombudsman decided to uphold where the investigator didn’t?

Hello all,

First time poster here. I'm incredibly torn whether to accept a job offer given my personal scenario - I'm not entirely sure what I'm looking to gain from the post. Maybe some level headed opinions from uninvolved parties.

Financial Services Business Analyst.

• Current salary - £45,000.00 permanent - 5 years in role.
• New Role - £75,000.00 1 year FTC - Expectation of extension or permanent opportunity.

Reason for doubt:

1. My wife is due in January with our 2nd child.
2. We are looking to complete on a new house in Dec-February. Increasing our total ongoing

Based upon my current salary, my Wife's averaged NHS maternity pay, and the last 6 months of spending plus increases for the baby, we will have these amounts left over based upon each upcoming life stage.

• Maternity Leave in new house: £852.62
• Maternity Leave after Daughter starts school: £1,004.62
• After Maternity Leave: £1,444.62

I feel like I'm significantly threatening the relative comfort/security we will have during this maternity period and I am second guessing whether it was wise to accept the offer.

I have not yet handed in notice but need to do so ASAP.

Thoughts?

Hi,

I am hoping someone may be able to help! I do have an accountant but I’m struggling to wrap my head around the calculations she is giving me.

I sell through the margin scheme and although my profits last month were only around £2.5-£3k I’ve been sent a bill for £1.5k VAT. She has said this is due to my inventory being high.

This is the calculation she provided when she worked it out “It's opening stock + purchases - closing stock then deduct this figure from the total sales and divide by 6 to get the vat liability.”

Am I missing something here or is this correct? Will this be less in future months or something? If so that’s fine, I just can’t get my head around why I’m paying a huge amount of VAT on items I’ve not even sold yet?

Thanks for any help anyone can provide!

Thanks!!!

My previous job obviously forgot to notify the right people about me leaving, so I was paid a full salary last month from them, in addition to a full salary from my new job. I've just had my salary from my new job this month and it's £750 less than it should be as I've been taxed £1100! I'm not on a wildly high salary so this is a huge hit and I really need it sorted asap. I've had the details through from my previous employer about how to pay back the money I was paid, but there's no information about the tax side of it and if they notify HMRC etc. I've tried contacting payroll but it's a big company so they direct you to login to a website but I can't as it's obviously designed for current employees. Does anyone have any experience of this. Should this all get sorted in the background, or should I be notifying HMRC myself?

Granted that it will be about 40 years until I retire, I have had to briefly pause my pension for 3 months, and will be enrolling back on in 9 months.

I have been sent my statement on my pension, and slightly confused on what exactly it is telling me.

To summarise, I've been paying around £156/month for 5 years, but this statement states that my deferred pension value is £2,888.41.

Am I simply trying to interpret this as black & white, but shouldn't it be around £10,000 alone from my contributions (excluding employer & gov contributes)?

Edit: Work for local council, under a DB Scheme (for clarity).

Hello all,

I do not live in the UK. I live in Canada. I am trying to get some help for my uncle, who lives alone in London after his wife passed away. His wife managed most of their accounts, and he has several banks (10+ accounts), with different accounts at each bank, and he needs help sorting his finances to make sure everything is in order and that he is paying his taxes correctly. I visited him recently, reviewed his accounts, and found he has stocks, savings, current accounts, ISAs, and some bonds. I have no idea whether he has paid tax or needs to, and he isn't sure either. Given that the situation is a bit of a mess, can anyone suggest what types of services are available in London to help? Do I need to contact an accountant or financial planner to walk us through this and check that everything is in order? Can anyone suggest any firms or services I can contact for this issue? Thank you for your time!

I moved from the UK to Ireland in September 2026, and HMRC's residence checker says I'm UK resident for 2026/27. Can someone confirm I can still pay into my ISA until 5 April 2027?