The Money Architect

Real architect turned money coach | Get your money right, one thread a day.

[The Money Architect @architect_money]

Easy-access cash ISAs let you take out your money when you want, without penalty.

Therefore they are a good option if you know you'll be dipping into your savings, or you're not sure.

The best easy-access, flexible Cash ISA providers now are Trading212, Moneybox & Chip.

[The Money Architect @architect_money]

If you live in the UK, you need to act quick: Protect your savings.

The time to make your money work hard for you is ticking!

Check the best easy-access ISAs for you here!

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[The Money Architect @architect_money]

Cash ISAs are just savings accounts you NEVER pay tax on. Any other savings account WILL need to pay taxes.

Everyone in the UK aged +18 gets an ISA allowance at the start of each tax year.

For 2024/25, which ends on 5 April 2025, it's £20,000.

So basically it is a no-brainer.

[The Money Architect @architect_money]

Whether you have an existing ISA or want to open one, try and put away as much as you can of your savings (up to £20k), so that the taxman cannot touch them.

That means that any interest you get on your savings is tax-free.

Hurry up, the 5th of April is around the corner!

[The Money Architect @architect_money]

The deadline for ISAs in UK is closing faster. Have you already maximised your savings?

Check here how to protect & grow YOUR money tax-free before the 5th of April!

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[The Money Architect @architect_money]

The maximum you can put away each tax year in any adult ISA (individual Savings Account) is £20,000.

This covers all types of ISA you may hold: any cash, stocks and shares, innovative (containing peer-to-peer investments), lifetime or help-to-buy ISAs.

[The Money Architect @architect_money]

• Cheaper rent & bills: Smaller places cost less to rent/buy, and so will your bills.

• Easy maintenance: Cleaning and repairs are quicker & cheaper.

• No hoarding: With a smaller home, you’ll be more careful about what you buy (fewer impulse buys & less clutter).

[The Money Architect @architect_money]

Living small is not only practical but a very smart financial move.

Check the best 3 reasons why YOU should try it!

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[The Money Architect @architect_money]

• Spain Income tax rates (general):

- 19% for income up to 12,450€.
- 24% for income 12,451€ to 20,200€.
- 30% for income 20,201€ to 35,200€.
- 37% for income 35,201€ to 60,000€.
- 45% for income above €60,000.

Ideal salary: Below €60,000 to minimise tax burden.

[The Money Architect @architect_money]

Do you know how much does take the government from your salary?

You should, because it is the BIGGEST expense you will experience in your lifetime.

Check here which is YOUR best salary to optimise your tax bill!

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[The Money Architect @architect_money]

• UK Income tax rates:

- 0% for income up to £12,570.
- 20% for income between £12,571 and £50,270.
- 40% for income between £50,271 and £150,000.
- 45% for income over £150,000.

Ideal salary: Below £50,270 to avoid the higher 40% tax rate.

[The Money Architect @architect_money]

Whether a house is an asset and a liability is an ongoing debate and varies very much depending on location and personal circumstances.

However, looking at this data from Europe, it is clear that there has been a huge return of investment and capital gain appreciation.

[The Money Architect @architect_money]

Buying a house: Is it really an investment or rather a big liability?

Check here whether YOU should really think buying a house with this thorough analysis!

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[The Money Architect @architect_money]

• London:
- Now, 15% deposit for £285k house= £42,8k.
- 2015, 15% deposit for £190k = £28,5k.

• Paris:
- Now, 20% deposit for €500k apartment= €100k.
- 2015, it'd have been €70k.

• Berlin:
- Now, 15% deposit for €450k apartment= €70k.
- 2015, it'd have been €45k.