Consider the tax implications when selecting your savings options. It can get complicated, please seek some professional advice. gov.uk/topic/personal… is a great starting place, and contact: calling:gov.uk/government/org… #savingoptions #taximplications #financialliteracy

Individual Savings Accounts (ISA) are designed to promote & encourage saving money (within the allowance limit). Hence HMRC does not tax you on the interest or income/capital gains from your ISA. (gov.uk/individual-sav…) #isa #savingoptions #financialliteracy

I remember being in so much debt that I couldn't afford my electricity bills... it was a dark time. #jokes #moneyjokes

Christmas is a time of joy, but also of expenses. How can you have a wonderful festive season without spending too much? Start with a plan! #christmasiscoming #xmasplanning #presentplan #mealplan #moneytips

Did you know: Your savings account is protected up to £85,000 if the bank or financial institution goes bust or something goes wrong, as long as it is regulated by the Financial Conduct Authority (FCA). #savingoptions #fscs #financialliteracy

Keep in mind that the Financial Services Compensation Scheme (FSCS) protects the institution, not the account. If you have multiple accounts at the same bank, the total amount that is protected is £85,000 (£170,000 for joint accounts). #savingoptions #fscs #financialliteracy

Start saving early for Christmas. The sooner you start, the less stress you’ll have later. It’s not too late to start, even with just over a month left! #christmasiscoming #xmasplanning #moneytips

Money talks ... but all mine ever says is good-bye. #jokes #moneyjokes

The Financial Services Compensation Scheme (FSCS) protects your money up to £85,000 per banking licence, not per bank. #savingoptions #fscs #financialliteracy

Not all accounts are covered by the Financial Services Compensation Scheme (FSCS). For example, Revolut is an electronic money institution, not a bank, and does not have a banking licence. This means that it is not protected by the FSCS #savingoptions #fscs #financialliteracy

To prepare for Christmas, you need to plan ahead. Make a list of the people you want to buy presents for and how much you can afford to spend on them. Include the costs of Christmas meals and any parties, such as work Christmas parties. #christmasiscoming #xmasplanning #moneytips

I am going to qualify for free shipping ... no matter how much it costs. #jokes #moneyjokes

There are many options for saving accounts: - Regular saving accounts - Easy access saving accounts - Fixed rate bonds/accounts - Notice savings accounts - High Interest saving accounts - Individual Savings Accounts (ISA) #savingoptions #savingaccounts #financialliteracy

Regular savings accounts are accounts where you agree to deposit a fixed amount of money every month for a certain period of time. These deposits can range from £10 to £500, there is usually a max limit. #savingaccounts #regularsavingaccount #financialliteracy

As you shop and spend for Christmas, don’t forget to keep track of your expenses. You need to compare them with the budget you have set. If you go over your budget, you might have time to pivot and save Christmas! #christmasiscoming #expensestracking #moneytips

What did the duck say after he got to the tills at the supermarket? Please put it on my bill! #moneyjoke #joke

Regular saving accounts generally have higher interest rates than regular accounts and easy access savings accounts. This mainly because it is a fixed term on the account #savingoptions #savingaccounts #regularsavingaccount #financialliteracy

Regular saving accounts are fixed term accounts. This means that you can only access your savings and the interest generated at the end of the term. #savingoptions #savingaccounts #regularsavingaccount #financialliteracy

If you have a large family (or extended family), consider doing a secret Santa with a spending limit. This will help you control your gift budget. #christmasiscoming #moneytips

With 2024 rapidly approaching, it's never too early to start planning ahead. Are you nervous about creating a budget? Don't be! Start by utilizing your household information to develop a template, or build one from scratch using our blank template. #budgeting #personalfinance