Frequently Asked Questions

Oinkly is a UK net-worth tracker. It brings your savings, ISAs, pensions, Premium Bonds, property and other assets into one place so you can see your real net worth and how it changes over time.

It adds up everything you own (savings, property, pensions, investments) and subtracts everything you owe (mortgage, loans, cards) to show a single figure — your net worth — and how it changes over time. Oinkly does this automatically once you have added your accounts.

Current accounts, savings, bonds and loans on every plan; ISAs, pensions, Premium Bonds, property and other assets on Big Pig. See the plans for the full breakdown.

It does not have to. Oinkly is designed to work without open-banking logins — you add and update the balances you want to track, which keeps your data private and puts you in control.

Yes. You decide what to add, and your figures are yours. Oinkly helps you understand your money — it is not financial advice.

Yes, you can try Oinkly free for 7 days with no credit card required, and cancel any time.

Yes, Oinkly’s free tools and calculators are open to everyone with no account needed.

Yes. Oinkly flags FSCS protection so you can see whether your savings sit within the protected limit per banking licence, and warns you if two banks that share a licence push you over it.

Start your free trial, add your first few accounts, and Oinkly builds your net-worth picture from there.

The Financial Services Compensation Scheme protects up to £120,000 of your money per person, per banking licence, if a bank, building society or credit union fails. That limit rose from £85,000 on 1 December 2025. There is also temporary cover of up to £1.4 million for six months after a life event that leaves you with a large balance, such as selling a home. The catch is that some brands share a single banking licence, so two accounts that feel separate might share one £120,000 limit between them. Oinkly flags the licence behind each bank and warns you if two of your banks share one, so you can see your true protected total. Figures are correct as of July 2026 — you can confirm the latest on the FSCS website.

You can pay in up to £20,000 across your ISAs in the 2026/27 tax year, which runs from 6 April 2026 to 5 April 2027. Any interest or growth inside an ISA is tax-free. The £20,000 is a total across all the ISAs you pay into in the year, not a separate limit for each account. Oinkly lets you track your ISAs alongside everything else so you can see how much of your allowance you have used. This is general information rather than tax advice, and the rules can change, so check gov.uk for the current position.

Most people can earn some savings interest tax-free through the Personal Savings Allowance. In the 2026/27 tax year that is £1,000 of interest for basic-rate taxpayers, £500 for higher-rate taxpayers and £0 for additional-rate taxpayers. On top of that, people on lower incomes may also benefit from the separate starting rate for savings of up to £5,000. Interest earned inside an ISA does not count towards any of this because it is already tax-free. Whether you actually owe tax depends on your own income and circumstances, so this is general information rather than advice — check gov.uk or a qualified adviser for your situation.

Each £1 Premium Bond has a 22,000 to 1 chance of winning a prize in any given month, and the annual prize fund rate is 3.80% from the July 2026 draw. That rate is an average spread across all bondholders, not a guaranteed return you will personally get — plenty of bonds win nothing for long stretches while a lucky few win big. All Premium Bonds prizes are tax-free. Oinkly lets you track your Premium Bonds holding as part of your overall savings picture. The rate and odds are set by NS&I and change from time to time; these are correct as of July 2026.

The full new State Pension is £241.30 a week in the 2026/27 tax year, which works out at around £12,548 a year. What you will actually get depends on your National Insurance record, and some people receive more or less than the full amount. It is separate from any workplace or personal pensions you have built up. You can check your own forecast for free on gov.uk. This is general information, not a prediction of your own pension, and figures are correct as of July 2026.

There is no single "good" number — it depends heavily on your age, since wealth naturally builds over a working life. The Office for National Statistics publishes median household net worth by age group, and comparing yourself to your own age band is far more meaningful than to the population as a whole. Oinkly's whole purpose is to show you your real number in one place so you can watch it grow over time. It is a way to understand where you stand, not a judgement or financial advice.

Your net worth is simply everything you own minus everything you owe. On the "own" side that means your current and savings accounts, ISAs, Premium Bonds, pensions and investments, and — on the Big Pig plan — your home, car and other valuables. On the "owe" side you subtract your mortgage, loans, credit-card balances and overdrafts. What is left is your real net worth. Oinkly brings all of it into one place so you do not have to add it up by hand, and so you can watch the number change over time.

No — they measure different things. Your income is the money coming in over a period, such as your salary each month. Your net worth is a snapshot of what you are actually worth at a point in time: everything you own minus everything you owe. Two people on the same salary can have very different net worths depending on how much they have saved, invested or paid off. Tracking your net worth, rather than just your income, is a clearer way to see whether you are genuinely getting ahead.

Compound interest is interest earned on your interest, not just on your original savings. Each time interest is added it joins your balance, and the next lot of interest is worked out on the larger total — so savings can grow faster the longer they are left. As a simple illustration, £1,000 earning 4% a year would earn £40 in the first year, and in the second year the 4% is worked out on £1,040 rather than £1,000. The effect is small at first but builds over time. This is a general explanation, not a forecast — real rates vary and can change.

A Lifetime ISA is a type of ISA designed to help you buy your first home or save for later life. You can pay in up to £4,000 a year, which counts towards your overall £20,000 ISA allowance, and the government adds a 25% bonus on top — up to £1,000 a year. You can open one between the ages of 18 and 39 and keep paying in until you are 50. There are rules about when you can take the money out without a charge — generally for a first home up to £450,000 or from age 60 — so it is worth checking the details on gov.uk. Oinkly tracks your Lifetime ISA alongside your other savings. This is general information, not advice, and figures are correct as of July 2026.

Most people can pay in up to the annual allowance, which is £60,000 in the 2026/27 tax year, and still get tax relief — though you cannot usually get relief on more than you earn in the year. The allowance can be lower for very high earners or if you have already started drawing a pension flexibly, and anything above your allowance can face a tax charge. Pensions are a big part of most people's net worth, so Oinkly lets you track yours alongside everything else. This is general information rather than advice — check gov.uk or a qualified adviser for your own position, and figures are correct as of July 2026.