For both, you have the option to pay monthly or annually:
- Microsoft 365 Personal – $6.99/£5.99 per month or $69.99/£59.99 per year – one person, 1TB of cloud storage
- Microsoft 365 Family – $9.99/£7.99 per month or $99.99/£79.99 per year – up to six people, 1TB of cloud storage each, extra Family Safety features
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