A credit union is a financial co-operative. They were traditionally owned and run by members who have a common interest, such as where they live or work; but these days, some have broader membership rules.

Life insurance is something you might come across if you are looking into tax-efficient savings and investment options. Some life insurance is designed to be an investment – a place to store and grow your money rather than just pay out when you die. The life insurance companies invest your money ...

Child trust fund accounts can be accessed from age 18. This page gives a brief overview of what you need to know.

The government’s Help-to-Save savings scheme pays a tax-free bonus of up to 50% of the amount saved. It is only available to individuals claiming certain benefits. The scheme had been due to close to new savers in April 2025. However, the government announced in the Autumn Budget 2025 that they ...

If you get paid interest on your savings, you need to understand whether you need to pay tax on it. On this page, we explain how interest is taxed and how that tax is then collected by HMRC.

The personal savings allowance is a nil-rate band of tax which applies to taxable savings income. It is £1,000 for most basic-rate taxpayers. The savings income that falls within the personal savings allowance is taxed at 0%.