Eight big money changes happening in October - how it affects your finances

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Eight big money changes happening in October - how it affects your finances
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Six big money changes happening in October - how it affects your finances

October 30 - Clocks changeFor many night shift workers, this means an extra hour of work - which could mean more pay.If it says that you have to work specific times, for example from 12am to 8am, you are likely to have to work the extra hour.

But if it states the number of hours you should work, for example an eight-hour shift, you should be allowed to finish an hour early. If you're one of the unlucky people who has to work the extra hour, whether you will get some extra cash depends on how you are usually paid.But if you are salaried or paid a day rate, your company doesn't have to pay you any more than usual.national minimum wageTo calculate this, take the amount you're being paid for the shift and divide it by the number of hours you've worked.

If you're asked to work extra for no pay, then double check to make sure you won't be dipping below the minimum legal requirement.The deadline for paper self-assessment tax returns is on October 30, 2022 - so you'll want to fill yours out before this point.Once you've registered, you'll need to collect all the documents and information you need to be able to complete the tax return.

If you need third parties to provide you with statements and documents, you should contact them right away as this can take time.

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