A new tax year is the perfect chance to take a fresh look at your finances. Whether you want to save more, spend smarter, or just feel more confident with your money, there are easy steps you can take today to set yourself up for a better year ahead.
Here are 7 simple and effective ways to make your money work harder for you in 2025/26:
1. Start saving with Thamesbank
It doesn’t take much to start building your savings. With Thamesbank’s flexible savings accounts, you can start small and watch your money grow safely. Whether you’re saving for an emergency fund or a special goal, it’s easy to get started.
The sooner you begin, the more time your savings have to grow.
2. Take advantage of ‘Help to Save’
If you’re receiving Universal Credit or Working Tax Credit, you may be eligible for the Help to Save scheme. By saving just a small amount every month, you could receive a bonus of 50p for every £1 you save—up to £1,200 over four years. It’s a great way to boost your savings without any extra effort.
3. Think about your pension
Your pension might feel like a far-off concern, but now is a good time to review it. Even small increases in your contributions can make a big difference in the long run, plus you’ll benefit from tax relief. Whether you’re in a workplace pension or saving on your own, every bit counts.
4. Check your tax code
Your tax code determines how much tax you pay, and getting it wrong can mean paying too much. If you’ve had a pay rise, changed jobs, or your circumstances have changed, take a moment to check your tax code to make sure it’s accurate. It’s a simple step that could save you money.
5. See what support you might be missing
Money can be tight, and there’s no harm in checking if you’re missing out on any benefits or grants. Websites like Turn2Us or EntitledTo can help you quickly find out if you qualify for financial support that can ease the pressure.
6. Don’t delay your self-assessment
If you’re self-employed or need to file a tax return, don’t wait until the last minute. Filing early can help you budget better and avoid the stress of last-minute paperwork. Plus, you might get your tax refund faster!
7. Don’t hesitate to ask for help
Finances can be overwhelming, but Thamesbank Credit Union is here to support you. Whether you’re looking to build your savings, set a budget, or get advice on loans, our team is ready to help. Don’t be afraid to reach out!
Make 2025/26 the Year You Take Control
Whatever your financial goals are, the small steps you take now can set you up for success in the months ahead. Thamesbank Credit Union is committed to supporting you on your journey to financial wellbeing—every step of the way.