A Smart Way To Pay For Tax and National Insurance Increases

A Smart Way To Pay For Tax and National Insurance Increases

10:01 AM, 14th September 2021, About 3 years ago

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To ease the pressure on the NHS the Government is increasing National Insurance by 1.25%, which means that your contribution will actually increase by more than 10%. But how will you find the funds to pay for this?

Recent research shows that more than a quarter of homeowners are currently on their lenders highest possible rate of interest, and a further one in five people were unaware of their current interest rates. The research also shows that the average homeowner could save more than £250 a month which equates to a saving of £3,000 per annum

This is because many borrowers are unaware of the cheaper rates that are currently available.

Therefore, it makes sense to see if you can reduce your mortgage interest rates.

The number of available mortgages has increased and the interest rates have decreased.

A current misconception is that remortgaging is difficult. However, this is not the case today.

With the unexpected tax rises, it is advisable to contact a whole of market mortgage broker to see what your options are. A mortgage switch can more than offset the increased tax costs, with savings to spare.

Now is the time to make an enquiry and see just how much money you could save on your mortgage.

Contact Brooklands Commercial Finance

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