Microsoft 365 is a subscription that comes with premium apps like Word, Excel, PowerPoint, OneNote, Outlook, Publisher and Access (Publisher and Access available on PC only).
The apps can be installed on multiple devices, including PCs, Macs, iPads, iPhones, Android tablets and Android phones. Microsoft 365 also comes with services like 1 TB of OneDrive storage, 60 Skype minutes per month and Microsoft chat and phone support.
There are two subscriptions for home users purchasing 365. The first is Microsoft 365 Personal which is currently around £60 per annum and is assigned to one Microsoft account, you can install on upto 5 devices using this account.
Microsoft 365 Family is around £80 per annum and allows you to share your subscription with an additional 5 people (Microsoft Accounts), each of whom can then install 365 on upto5 devices.
With an annual subscription, you get the latest versions of the apps and automatically receive updates when they happen.
Office 2024 is a one-time purchase at around £125, that comes with classic apps like Word, Excel and PowerPoint (not Outlook client) for 1 PC or Mac, it does not include any of the services that come with a Microsoft 365 subscription. One-time purchases don’t have an upgrade option, which means if you plan to upgrade to the next major release, you’ll have to buy it at full price.