Having trouble meeting your mortgage payments since interest rates started rising? asks Elaine Moore in the FT. Then why not make your house have a go at paying for itself and make yourself a bit of tax-free income along the way. Rent out your spare room and you can earn up to £4,250 a year from your lodger before you become liable for tax on the income.
MoneyWeek wouldn’t recommend that anyone bought a student house for a child starting university this year, but if you insist on doing so, this allowance added to a student’s personal allowance of £5,225 means they make a nice, tax-free income from renting out rooms: why would a student need an income of more than £9,475 anyway?