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.

Individual savings accounts (also known as ISAs) are a form of savings that have tax advantages. Income tax and capital gains tax can be saved if you invest in ISAs, but they are still counted in your estate for inheritance tax purposes. 

Council tax is collected in England, Wales and Scotland (although there are some regional differences). In Northern Ireland, there is a rates system instead of council tax. Collection of council tax is carried out by your local council. Collection of rates in Northern Ireland is carried out by Land ...

If you have joint savings (or shares), make sure you understand how the income is split between you for tax purposes.

The starting rate for savings is a 0% rate of tax which can apply for up to £5,000 of savings income. It only applies if your non-savings and non-dividend income is below a certain threshold.

Capital gains tax is a complicated subject, so we provide an introduction only. We do cover the main issues, though, and signpost you to where you may find extra help.