News,May 2018

gross pay and net pay

Understanding Gross Pay and Net Pay

03/05/2024Accounting , Finance , Uncategorised

What is gross pay and net pay? Two essential concepts that are often misunderstood or overlooked are gross pay and net pay. Gross pay and net pay are two distinct yet interconnected components of an individual’s earnings. Encompassing all forms of compensation, including salary, wages, bonuses, and benefits. On the other hand, net pay, also …

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pension scheme for self-employed

What is the Best Pension Scheme for Self-Employed?

12/02/2024Finance

This discussion is based on a pension scheme for the self-employed. Self-employed people in the UK have a wide range of pension options, and choosing the best one can be challenging and confusing. The choice of pension scheme will depend on various factors, including the individual’s personal circumstances, retirement goals, investment experience, and risk tolerance. …

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What is Triple Lock State Pension?

What is Triple Lock State Pension?

05/01/2024Finance , Pension

Are you wondering facts about what is triple lock state pension in the UK? The triple lock ensures that the state pension increases each year by the highest of three factors: inflation, average earnings growth, or 2.5%. This policy has been a subject of debate due to concerns about its sustainability and affordability. The government’s …

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what are swaps

What are Swaps? Definition, Types and its Advantages

01/01/2024Finance

Let’s kick off our discussion on what are swaps in finance. Swaps are financial contracts that allow two parties to exchange cash flows or risks based on predetermined terms. They are widely used in the financial industry to manage various types of risks, such as interest rate risk, currency risk, and credit risk. Swaps provide …

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what is lettings relief

What is Lettings Relief?

28/12/2023Business , Finance , Insurance

Let’s kick off our discussion about what is lettings relief. It’s an important topic to explore if you’re considering selling a property that you once lived in as your main residence but later rented out. Lettings relief can be a valuable tax-saving strategy that helps reduce your capital gains tax liability. By understanding the ins …

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disbility living allowance

How Much is Disability Living Allowance?

26/07/2023Finance

Disability Living Allowance (DLA) is known to be a benefit that is available in the UK to help with the extra costs you have to handle as a part of living with a disability or long-term health condition. It is made in order to provide financial support to people who need help with their care …

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