Managing your Money

Opening a bank account and exchanging currency

Money You will want to find a safe way of keeping your money soon after arriving in the UK. This section can also offer advice on exchanging currency. How do I open a UK bank account? Popular high street banks …


Save money on taxes

How to save on tax – 10 top tips 1. Live in an area with low council tax • Not all areas of the UK pay the same council tax, so research taxation levels before you rent or buy a …


How to open a limited company in the UK

Opening a LTD company Opening your own company (being selfemployed) can be very rewarding. The following section explains how you might go about setting up a Limited company. How do I open a LTD company? This can be a challenging …


Tax Returns and Tax Refunds

Tax return The government in the UK is committed to providing a certain standard of living to its citizens, but to ensure that its policies are upheld fairly, it asks certain individuals and all organisations to file a tax return. …


Introduction to UK tax credits

Tax credits Tax credits are another example of the ways in which the British government support individuals and families financially. What are tax credits? Tax credits are payments from the government that are designed to supplement income. They are not …


What is a credit score and why is it important?

Credit score and why it is important When you apply for financial help from either a public or private organisation, they may wish to see your credit rating, or perform a credit check. This section will advise you on this …


Should you work for someone or be self employed?

  Working for someone The majority of British citizens are employees, meaning that they work for somebody else. What are the benefits of working for someone? Working for someone appeals to people because it allows individuals to control their working …


Everything you need to know about UK tax

In the UK, the income that individuals receive from work is taxed, and the funds raised contribute to annual government spending. This section will outline what the main kinds of tax are, identify who must pay them, and explain the …