As 2015 opens, it seems everyone I know is starting a new job! A common theme of conversations I’ve had is either promotions or moving jobs to a new company and new horizons. January is a popular time for people to make a fresh start, and what better way to do that than with a new job?

If you’re considering a move then The Salary Calculator is here to help – find out how much that new salary would bring home for you with the take home pay calculator, or even compare it side-by-side with your current salary with the salary comparison calculator. Maybe you’re thinking of improving your home life with a move to part-time work? The pro-rata salary calculator can help you see what would happen to your take-home if you reduced your hours in your current job.

Maybe 2015 for you is the year you go to university, or one in which you consider it. If this applies to you then I highly recommend Money Saving Expert’s page about the cost of university, and what those fees and loans mean – don’t make a decision about the cost of studying until you’ve read this guide, or at least watched the short video summary which appears just above point number 5.

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None of the content on this website, including blog posts, comments, or responses to user comments, is offered as financial advice. Figures used are for illustrative purposes only.

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Although it’s not my usual topic of blog post, I thought this website might be of use to readers of The Salary Calculator blog – not just because I think it can help save a bit of money in the lead up to Christmas. Inspire A Gift has been created to help you find gifts for him – whether that’s your boyfriend, husband, dad, brother or a friend. By using your answers to a fun personality quiz to get an idea of the guy you’re buying for, Inspire A Gift will recommend presents specific to the person on your mind. Whether this is for Christmas, birthday, or just because – Inspire A Gift can help you find the perfect gift.

If the quiz doesn’t find the perfect gift (or if he’s already got everything that is recommended!), you can also browse all the gift recommendations according to personality type. If you think this could help you get started (or finished!) on your Christmas shopping, check out the Inspire A Gift personality quiz!

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I discovered an excellent article today by Martin Lewis, laying out the facts behind student loans – how they work and how they are repaid. There are a number of common misconceptions about student loans, and this article sets out all the information you would need to understand if you were considering going to university (or sending one of your children). Topics covered include:

  • If you take a low paying job after graduation, you’ll only repay a small amount of the loan (or none of it!)
  • Monthly repayments under the new loan system are lower than under the previous system
  • Your monthly repayments are the same, no matter how high your tuition fees are
  • You only start repaying once you leave university and start earning
  • You will still be able to get a mortgage

To learn more about all of these and more, check out Student Loans Mythbusting.

You can see how much your student loan will cost each month, and how long it will take to repay, by using the tool on our sister site Loan Tutor.

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Over at Money.co.uk they’ve recently published an article about how singles can cut their costs, or even earn a little extra income. It’s full of useful tips – some of which you may already be doing but others you might not have thought about.

While looking for a new job or getting a pay rise can be a great way of increasing your disposable income each month, saving on bills is just as effective and is often easier! If you’d like to read more, check out 10 Easy Steps to Cut The Cost Of Single Living

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Over on our sister site Employed and Self Employed, we now have a Limited Company Tax Calculator. If you are self employed through a limited company (as many people, like IT contractors, can be), then your tax is worked out differently from if you are just plain-old self employed. The limited company pays you a salary, which is typically quite small, and the rest of the company’s profits are paid to you in dividends (after the company has paid corporation tax), which are taxed at different rates from other income. The following graph shows you a comparison of how much income you get to take home as self employed or with a limited company (click on the image for a larger version).

Limited Company vs Self Employed comparison

Click the image for a larger, interactive version

As you can see, in this example (with typical values entered), the limited company approach allows you to take home more of your income. However, this does come at a cost – more paperwork is required for limited companies, including registering with Companies House and having your books prepared by an accountant. Accountant’s fees might eat up a significant amount of the difference in take-home, so it might not be worth switching from one to another. If you’re interested in being self employed as a limited company, speak to an accountant to find out if it is right for you.

To start performing tax calculations, check out the limited company tax calculator over at Employed and Self Employed.

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