Manchester accountants can help couples in the city to manage their savings – whether they are in one account, or several.
According to the Lloyds TSB Family Savings Report, ‘secret savings’ are a growing trend, with the average Briton having £823.48 in an account their partner does not know about.
Interestingly in the north-west, this is more than ten times the amount the average individual is happy for their partner to spend without telling them.
The north-west has the “tightest rein” in this regard, according to Lloyds TSB, with individual partners having just £79 to spend before their spouse wants to be informed.
In the south-east, by comparison, couples are either more affluent, or more easy-going, and typically do not worry about individual expenditure of up to £297.
Whatever your financial arrangements with your partner, Manchester accountants can help to make sure your savings are safe in the event of any economic shocks, and structured in a tax-efficient way.
Speak to our accountants in Manchester to find out more about how you and your partner can make full use of your tax-efficient savings allowances, to leave more funds in your household budget overall.