Podcasts about lifetime isas

As usual, we cover lots of ground in this week's Q&A, including tax-free cash recycling, private medical insurance and Lifetime ISAs. Shownotes: https://meaningfulmoney.tv/QA10  00:57  Question 1 Dear Pete & Roger. I'm a long-time listener and love the podcast, especially more so since Roger joined back in season 21. I'm an additional rate taxpayer with income below the threshold for the tapered annual allowance. I have been contributing £45k to my workplace defined contribution pension via salary sacrifice for the last couple of years, and my effective tax relief rate on contributions is 47%. This coming April (2025) I will turn 55 and will be able to access my pension. I am considering increasing my salary sacrifice contributions by £14,000 per year and funding this by taking just under £7,500 PCLS (i.e. tax-free cash) from my pension. Having watched the MeaningfulMoney video on Tax-Free Cash Recycling and checked the HMRC web site, I know this is not considered tax-free cash recycling because the PCLS withdrawals will be below £7,500 per year. However, I don't know if sacrificing £7,500 of tax-free cash in return for £14,000 of new contributions will have any unintended consequences. In retirement I plan to withdraw money via UFPLS and use tax-free cash to minimise my effective tax rate and have no plans to use it to fund large purchases. Have I missed anything? Simon. 04:01  Question 2 Hi Pete, I hope you're doing well! I've been really enjoying the Meaningful Money podcast and had a question I'd love to hear your thoughts on the show: With the long waiting times on the NHS, is having private health insurance a new 'must have' protection or still a 'nice to have'? Thanks so much for your wisdom! And keep up the great work on the podcast! :) Best regards, Chloe 07:05  Question 3 Hi guys - thanks for all you do with this podcast. I've been incredibly fortunate to find you in my 20's and absorb so much useful knowledge. My question is surrounding LISA's. My fiancé and I currently live separately but we're looking to move in together ahead of our wedding this summer. She owns her own home and I currently rent so we'll be moving into her house. Our plan is to live for a couple of years in her (or soon to be our) house as she managed to secure a favourable rate that will help us to save together for our next home. The majority of my current house deposit (around £35k) is in a LISA, however in the last year or so I've quickly realised that our next home together will probably sit above the £450k limit that LISA's allow. Given that we live in a pretty expensive area and want to stay here, is there anything you would suggest? We've thought about me 'buying in' to her current house but we don't want to remortgage and lose the favourable fixed term. Any ideas? Cheers, Joe 11:38  Question 4 Hi Butch & Sundance, my question is about SIPPs & ISAs and tax implications when used with State Pension and a Defined Benefit Pension. I'm planning to retire 7 years before state retirement age (67) and plan to use a DB pension and SIPP in those 7 years. The annual income from the DB pension will exceed the current basic rate income tax annual allowance (£12,570) and withdrawals from the SIPP outside of the tax-free lump-sum, would all incur basic rate income tax. I would like to keep investments that continue to grow, but with the removal of some IHT benefits within a SIPP, is it now worth withdrawing more than I need each year and moving the SIPP investments to a Stocks & Shares ISA over the next 7 years and therefore reduce tax paid over the following 20-30 years from the age of 67? Or am I making more of minor issue than is needed? Keep up the excellent work, Jack 16:36  Question 5 Hi both, Love the podcast! I have a question regarding pensions. I have an employer (defined contribution) pension that had been with one provider (chosen by my employer) for the last 11 years. My Company has recently terminated the agreement and mine and my employers contributions are now all going to the new provider and fund. I chose not to transfer my original pension from the original provider to the new provider, as the existing fund had been performing so well. Following a review of both pensions over the last 6 months, I discovered that my existing pension had continued to be perform very well - over double the return compared to the new pension provider and fund). Whilst I understand I could switch funds with the new provider, my preference would be to do an annual transfer from my new pension fund & provider to the original provider and fund. I cannot seem to find any information on how to do this (all the information online is focused around transferring and shutting the new account - I don't want to do as my employer and personal contributions will continue to be directed to the new provider and fund. Thanks for your help, Matt 21:25  Question 6 Hi Pete and Roger I have a question about pensions for low earners. I have been listening to your show for the past year and loved the simplify and OS series, with your helpful explanations I have managed to get my self employed husband to increase his pension contributions, built up 6 months of emergency funds and have opened our first stocks and shares isa for long term savings. My question is about my pension contributions. I have about 13 years in an NHS pension from before I had children. For the past 8 years ( since the children were born) I have worked very part time or not at all so have not really made much in the way of pension contributions. I am currently 45 and I work seasonally for 4 months of the year. We live comfortably on my husband's income and as mine is irregular income it is not allocated to specific spending. My plan this year was to try and save all my income (about £7000) and contribute to a personal pension (a SIPP?) to catch up on my own pension contributions (I do have an employer one but it's very basic). My question is: if I pay into a personal pension will I still get tax relief added? As my earnings are below the personal allowance I don't pay income tax. I can only find information on the £2880 for none earners or employee pensions. Also how much of my income can I put in a pension? I.e. if I do get tax relief can I only put in 80% of my earnings?  Do I also need to subtract my work pension contributions? Thank you for all your amazing work. Best wishes, Lindsey

If you're trying to understand the turmoil on the markets, don't miss this week's episode of the AJ Bell Money & Markets podcast. Dan Coatsworth explains what's going on, what might happen next, and how to keep your cool. [01:13] This podcast is our ISA special: we've gone all out on explaining the pros and cons of Individual Savings Accounts. Laura Suter and Charlene Young join Dan in weighing up the range of ISAs currently available and whether they are still fit for purpose. They talk Stocks & Shares ISAs, Cash ISAs, Junior ISAs, Innovative Finance ISAs and Lifetime ISAs. [04:24] Tom Selby reclaims his crown as the podcast taskmaster and brings back the legendary ISA quiz. [14:27] Want to know where other investors have been putting their ISA money this year? Dan reveals the top selections and talks through some interesting trends. [24:06] Everyone would love to be an ISA millionaire, but how hard is it to hit the goal? Laura does the maths. [28:15] We've had loads of listener questions come in, so the team tackle three burning ISA issues: which is better: an ISA or a pension? [31:31]; what is a Bed & ISA and should I bother with it? [34:50]; and how does the taxman know if I'm over the £20,000 ISA allowance? [36:52] Finally, our special guest this week is Craig Baker from the team behind the £4.7 billion Alliance Witan investment trust. Its first results since the merger have just come out and Dan talks to Craig about performance and what Alliance Witan is trying to achieve longer term. [39:27]

Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we'd love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com.   With the end of the tax year fast approaching, we're talking pensions, ISAs and tax. From tax relief to ISA limits, we've gathered some top tips and insights from our guests to help you get your finances in order.    Join our host, Philippa Lamb and our expert guests to hear the best bits from the following episodes: E32: How to understand your pension balance with Tim Hogg, Faith Archer and Alex Langley E29: Pensions vs. cash - which is best? With Holly Mackay and Martin Parzonka E17: Should you save into a pension or an ISA? With Claer Barrett, Damien Fahy, Peter Komolafe and Becky O'Connor   Episode breakdown: 00:30 Tax relief - what it is and how it works 01:30 ISAs - another way to save 03:27 Lifetime ISAs 04:54 Using ISAs and pensions together 06:53 ISA rules   Further reading, listening and watching: To learn more about finances and pensions, check out these articles, podcasts and videos from PensionBee: Episode transcript  Guide to Lifetime ISAs and pensions Pension pot or cash savings - which is best? How much income do you need in retirement? How much can I pay into a pension each year? Making pension contributions The UK Pension Landscape Your guide to savings funds How to diversify your pension investments E11: How to prepare for a happy retirement (Podcast) How are pensions invested? How can I find my pensions? How to look after your financial wellbeing in 2024 How to understand your pension balance Understanding market volatility and how it can impact your pension Pension Calculator   Other useful resources:  How ISAs work (gov.uk) Cash ISAs (Money Helper) Stocks and Shares ISAs (Money Helper) Junior ISAs (gov.uk) Peter Komolafe: Three ISA mistakes everyone is making (YouTube) Cash ISA rules and allowances (Which) Should I have a savings account or pension? (MoneySuperMarket)     Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.

Medics Money MDT: Hot Takes on Financial Stories and Tax Debates In this special episode of the Medics Money podcast, the hosts introduce a new format where the Medics Money private group chat goes public. Featuring Dr. Cyra Asher, Andy Pow, and COO Matthew Hodder, the team dives into controversial financial topics and current events. They explore why a £100,000 salary isn't sufficient anymore, debate the potential abolition of cash ISAs, and discuss the implications of higher Vanguard fees. The episode also touches on the ongoing challenges in the UK stock market and the possible review of Lifetime ISAs, while providing a mix of expert insights and light-hearted banter. 00:00 Introducing the MDT: A New Podcast Style 01:09 Meet the MedicsMoney MDT Team 02:53 The Financial Struggles of a £100k Salary 03:32 Breaking Down the Numbers: Why £100k Isn't Enough 10:11 The Impact of Fiscal Drag and Inflation 17:47 Potential Abolition of Cash ISAs 28:17 AstraZeneca and UK Government Grants 28:31 Investment Portfolios and UK Market Challenges 30:31 Incentivizing Investment in British Companies 31:26 UK Stock Market Performance and Pension Fund Management 37:00 Vanguard Fee Increases and Investment Platforms 45:44 Lifetime ISA Review and Future Prospects 50:01 Final Thoughts and Wrap-Up Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter Disclaimer: The information provided in this video is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

Thousands of people have made complaints to the Energy Ombudsman related to so-called back billing, which is when customers are sent new bills for energy use longer than 12 months prior. The practice was banned by the regulator Ofgem in 2018 but is still causing consumers problems. In the cases investigated by Money Box customers had to complain multiple times before their suppliers recognised they'd broken these rules and cancelled the bills. Ofgem says it's committed to reviewing billing practices while the trade industry body Energy UK says suppliers are continuously working to improve practices.Is the Lifetime ISA fit for purpose in 2025? That's the question being asked as Parliament's Treasury Committee calls for evidence about whether it is still an appropriate financial product nine years after it was created. We'll discuss how it works successfully for some, but also the problems some people face.The price people in England and Wales pay for water and sewage services will rise sharply from 1st April. Figures announced this week revealed that households in England and Wales will pay on average £123 a year more for their water. What can you do if you're worried about affording your bills?And thousands of people in Northern Ireland are still without power after Storm Éowyn last week - what help is available?Presenter: Paul Lewis Reporters: Dan Whitworth and Eimear Devlin Researcher: Jo Krasner Editor: Jess Quayle(First broadcast 12pm Saturday 1st February 2025)

The energy price cap, which determines prices for two-thirds of homes will rise by 6.4% in April… yet some people will see rises of up to 9%. In this pod Martin Lewis looks at what it means for you, and how do you beat it.Former head of strategy at BP, Professor Nick Butler - who is now visiting professor at the policy institute at Kings College London - explains why UK energy prices are so much higher than Europe, the problems with the way the price cap is set, and the impact of green energy on our bills.Plus, a warning on pay-by-app, a pension-themed Mastermind, and the Tell Us is about the most shocking, horrifying, unexpected bill you've ever received.And there are tips on childcare costs and the scourge of council tax debt collection. There's also urgent advice on how to cut the cost of train tickets, and what Martin told MPs this week about Lifetime ISAs.

Which ISA is best? That is the topic of today's episode.First, we cover exactly what an ISA - or Individual Savings Account - is and break down how each of the 4 different types of adult ISAs actually work.We then move into which ISAs are likely to be best to prioritise in certain situations.Overall, and everyone's situation will be slightly different, Stocks & Shares ISA will give you the most 'profit' (most likely). This is because over the long term the gains and dividends can exponentially grow your wealth.However, Lifetime ISAs (specifically Cash LISAs) are a fantastic vehicle to save for your first house deposit. And Cash ISAs can be useful in some specific scenarios, like if you will breach your personal savings allowance and have to be some tax on your savings interest.Listen to the episode for the full details.Timestamps:0:34 - What is an ISA?3:46 - Cash ISA5:58 - Stocks & Shares ISA7:37 - Innovative Finance ISA8:26 - Lifetime ISA13:06 - Why I don't like S&S LISAs17:19 - Which ISA to prioritise in specific situations?20:25 - ISA allowance21:21 - Which ISA is best-----------------------------------------------

Which ISA is best? That is the topic of today's episode.First, we cover exactly what an ISA - or Individual Savings Account - is and break down how each of the 4 different types of adult ISAs actually work.We then move into which ISAs are likely to be best to prioritise in certain situations.Overall, and everyone's situation will be slightly different, Stocks & Shares ISA will give you the most 'profit' (most likely). This is because over the long term the gains and dividends can exponentially grow your wealth.However, Lifetime ISAs (specifically Cash LISAs) are a fantastic vehicle to save for your first house deposit. And Cash ISAs can be useful in some specific scenarios, like if you will breach your personal savings allowance and have to be some tax on your savings interest.Listen to the episode for the full details.Timestamps:0:34 - What is an ISA?3:46 - Cash ISA5:58 - Stocks & Shares ISA7:37 - Innovative Finance ISA8:26 - Lifetime ISA13:06 - Why I don't like S&S LISAs17:19 - Which ISA to prioritise in specific situations?20:25 - ISA allowance21:21 - Which ISA is best-----------------------------------------------

Welcome to the latest episode of the AJ Bell Monet & Markets podcast. Tariffs have been on everyone's minds this week and they've caused some big movements on the markets and dominated the discussion for many companies. Danni Hewson runs through the key points and how they relate to investments. [04:06] Tom Sieber and Ian Conway from Shares magazine explain why tariff issues have cast a cloud over Diageo and the key takeaways from its latest results. [13:04] A government consultation on Lifetime ISAs closed this week so Dan Coatsworth explores the pros and cons of the account and the changes AJ Bell hopes to see in the near future. [26:06] Rachel Vahey talks about new figures on changes to the UK population and how this links to pensions. [29:05] Danni and Dan take a look at the latest numbers from Alphabet, Disney, Estee Lauder, GSK and Mattel. [37:17] Dan also chats about how certain activist investors are getting what they want, with major changes announced at Smiths Group and YouGov. [49:35]

Send us a textI chatted to Ann-Marie Atkins, a Managing Partner and award-winning Financial Planner at Evelyn Partners, about what you need to know about investing. Disclaimer and spoiler alert - there's no actual investment tips or investment advice, the game-changing advice is to consider two equally exciting themes: TAX and INFLATION. Some snippets from Ann-Marie:Want to double your money in the next 10 years?? You can, if you invest at 7.2% interest (a version of this is known elsewhere as the Rule of 72)If you do one thing, think about tax first because it will have the greatest impact on your net returns - for example ISAs, SIPPs, Lifetime ISAs. If you haven't yet, now is a great time before the end of the tax year. How much you should be contributing to your pension each year.I shared some of my thoughts including:Something I've seen as I'm spending more time in the US is that there's a much greater acceptance of mistakes. Business founders are celebrated for trying as well as for succeeding; there's less shame around learning by doing. Here in the UK, speaking for myself, I was brought up to be scared of making mistakes with money - and the cost of that fear is huge - both for individuals and for our economy!Booking a monthly finance date with myself is something I find really helpful, and having a process and plan to follow.Some comments from listeners - for example, one very successful listener shared: “I'm just crap at this stuff. I put a reminder in my calendar to sort out my ISA or read up on how to allocate it, and then I keep postponing the calendar invite.” and we shared some nuggets about how to make this easier…Guest website: https://www.evelyn.com/Guest LinkedIn: https://www.linkedin.com/in/annmariebanks/Host LinkedIn: https://www.linkedin.com/in/annaclareharper/Host website: https://www.greenresi.com/

On this week's AJ Bell Money & Markets podcast, we dive into a story about seven investment trusts under attack from an activist investor. The big retail companies have started to report on Christmas trading and not everyone is smiling about the outlook. You can also hear about the changing cost of keeping the lights on at home and why the Lifetime ISA is under review. There's been a sell-off in UK government bonds and the pound, causing jitters on the market at the start of the new year. Dan Coatsworth explains what's going on. [00:02:06] Hedge fund Saba Capital has got its sights on the UK investment trust sector and wants to get behind the driving seat of seven names including Baillie Gifford US Growth Trust and Herald Investment Trust. Dan takes a closer look and chats about why it's so important for investors to vote on the proposals and what could happen next. [00:05:14] Sue Inglis, an independent non-executive director from Baillie Gifford US Growth Trust, is on the podcast to share her experiences of being on the receiving end of an activist investor attack, and her thoughts on Saba's proposals. [00:11:25] Gas and electricity bills went up again on 1 January, when the latest energy price cap took effect. Charlene Young considers the impact to UK households and what they can do about it. [00:19:08] Following a miserable final quarter for UK retail, we've now got a host of shopkeepers updating on trading and giving guidance for the year ahead. Tom Sieber looks at what Tesco, Marks & Spencer, Greggs and Next are saying, and what to expect from retailers in 2025. [00:23:09] Charlene considers the reasons why the Government has announced a review of the Lifetime ISA and what might happen next. [00:35:29] Finally, Danni Hewson chats to Dominic Weller, fund manager of the Octopus UK Future Generations Fund, about whether investing for change can also come with chunky returns now that interest rates are slowly on their way down. [00:40:17]

More than 800,000 people have called a dedicated fraud line, which connects them with their bank if they think they're being scammed, since it started 3 years ago. Stop Scams UK, which set up 159, says 20 banks are now part of the service. We'll hear from a woman who called the number after losing £4,000 in a scam and find out more about how it works.Complaints about the wealth manager St James Place have risen sharply amid a major historical review of the ongoing fees it charged its customers. Fifteen thousand clients complained to the company directly in the first half of this year, and complaints to the Financial Ombudsman Service quadrupled in that time compared to the year before. St James Place says beginning last year, it saw an increase in the number of complaints received. While these have since reduced, it continues to do everything it can to work through them as quickly as possible. It has put in place processes including training and recruitment to maximise the number it can complete without jeopardising the quality of the investigation, and says that it apologises for any delays clients may experience during that time. Some first-time buyers are finding that Lifetime ISAs, a government scheme that adds a 25% bonus to everything you put in towards your deposit, aren't working for them when they come to buy a home. It is because there's a £450,000 cap on the price of the property you can buy, which some find prices them out of buying where they live. The Treasury says that across the vast majority of the country and in most London boroughs, the average price for a first-time home remains below the cap. Presenter: Felicity Hannah Reporter: Dan Whitworth Researcher: Emma Smith Editor: Jess Quayle(First broadcast 12pm November 23th 2024)

On this personal finance edition of Merryn Talks Money, our hosts discuss Lifetime ISAs and their usefulness in buying a home.See omnystudio.com/listener for privacy information.

Martin Lewis looks at how to save as a first time buyer. Lifetime ISAs can get you up to £1,000 a year free from the state towards your deposit, but Martin says some “shouldn't bother”. Martin explains why almost everyone who hits 18 should put a pound in one right now. We look at Smart Meters… and it's less than 100 days to Christmas… so the ‘Tell Us' is all about your past Christmas financial problems, so others can learn from them. And this week's Mastermind is an important listen for anyone who's had a flight cancelled on them - or cancelled it themselves - this summer or in years gone by.

Are Lifetime ISAs a hidden gem, or just another overly confusing account in the UK? Let's find out! If you enjoyed this episode, please leave us a 5 ⭐️ rating & a review. As a smaller podcast, it would really help us to reach more people. Thank you!

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>>  dentistswhoinvest.com/podcastreport———————————————————————Unlock the secrets to smart financial planning with a touch of dental finesse in our latest episode, where special guest and financial guru John Doyle and I dissect the ins and outs of Lifetime ISAs and how they measure up against the traditional pension schemes. If you're a dentist looking to brush up on your investment knowledge, or just eager to navigate the terrain of ISA varieties, this episode will leave you with a wealth of actionable insights. Together, we chew over the growth prospects of the new year and how you can leverage ISAs to give your investments a tax-efficient boost.Dive into the flexibility of ISAs and the special attributes of Lifetime ISAs that set them apart in the finance world. We shed light on the dual nature of LISAs, blending features of pensions and ISAs, including the often-overlooked government bonus and its caveats for first-time home buyers. Emphasizing the long-term appeal of stocks and shares ISAs over their cash counterparts, John and I tackle the common pitfalls of short-term investment strategies and underscore the importance of aligning your financial tactics with your life goals. The journey doesn't stop there; we navigate the complex currents of retirement planning, considering factors such as accessibility, tax perks, and the plethora of savings choices that await you. As we unravel the intricacies of balancing pensions, LISAs, and ISAs, I highlight the significance of understanding the timing of your financial needs and the varying commitments each savings avenue demands. For my dental colleagues pondering an early retirement, John and I map out strategies to span the financial divides, ensuring a smooth transition into your post-career life. Tune in to fortify your fiscal future with expertise and insights tailored to the unique professional path of dentists.

This week on the podcast, Paul & Megan are joined by financial advisor, Andy Lewis from John Scott Davidson to discuss how to get your finances in order ahead of the tax year end in April including making the most of your ISA allowance and investing in your pension, as well as some advice for how to make the most of your savings in the lead up to making a house purchase. Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on marketing@espc.com or via our social media channels. You can also help other people find us by sharing the episode or leaving us a review and rating from wherever you're listening!To find out more about ESPC and our solicitor estate agent member firms, you can head to our website.You can read our most recent house reports here: http://bit.ly/3CQlEQwRead the latest news from the property market in Edinburgh, the Lothians, Fife and the Scottish Borders here: http://bit.ly/3IPOR1TESPC is more than just a market leading property website. We are the home of property and are here to help you at every stage of your property journey.

Will taxes rise or fall in next month's Spring Budget? Host Claer Barrett visits the recently appointed financial secretary to the Treasury, Nigel Huddleston. He addresses the topic of tax cuts as well as listener concerns about static personal allowance thresholds, reduced entitlements to child benefit and ISA withdrawal penalties. Back in the studio, FT's Whitehall editor and Political Fix podcast host Lucy Fisher joins Claer to scratch beneath the surface of the minister's comments on progressive tax policy in light of the IMF's latest warning to chancellor Jeremy Hunt not to lower taxes. The two also discuss the national insurance reduction, the future of Lifetime ISAs and the importance of appealing to younger voters in the run-up to the election.Read the full news story here. For tips on how to organise your money, sign up to email series Sort Your Financial Life Out With Claer Barrett at FT.com/moneycourseFollow Claer on social media @Claerb and contact the Money Clinic team via money@ft.comWant more? Check out economics editor Sam Fleming's article, IMF warns Jeremy Hunt against tax cuts in call to shore up UK public financesListen to more episodes on tax, such as When is a tax cut not a tax cut? The Autumn Statement digested, Understanding economics: why it matters for your money, and more.Presented by Claer Barrett. Produced by Tamara Kormornick and Persis Love. Our executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. Cheryl Brumley is the FT's global head of audio.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Niamh is 24 but she wants to make sure she's in a financially stable position when she is older. How should she go about saving and investing for her long-term future? Presenter Claer Barrett is joined by Holly Mackay, founder of Boring Money, and financial planner Michael Martin, founder of Cannizaro, who discuss the pros and cons of private and workplace pensions, Lifetime Isas, mortgage overpayments and index investing.Want more?Check out Claer's column: Why do we think we can beat the market?For more tips on how to organise your money, sign up to Claer's email series 'Sort Your Financial Life Out With Claer Barrett' at FT.com/moneycourseFollow Claer on social media @Claerb and contact the Money Clinic team via money@ft.comPresented by Claer Barrett. Produced by Philippa Goodrich and Persis Love. Our executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. Cheryl Brumley is the FT's global head of audio.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Martin talks about Lifetime ISAs and how you can time your energy usage to make you money. He has tips on the most cost-effective bank cards to use abroad as well as some of the best deals on some Christmas drinks. And this week's ‘Tell Us' focusses on great customer service.

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com    On this very special edition of The Pension Confident Podcast, we come to you from White City in London with our first recording in front of a live audience! And this time it's all about the battle of the financial titans; pensions vs. ISAs. With the help of polling data from our listeners, we take a look at how many of us are making the most of these financial products and which should take priority at different stages in our lives. Sharing their insights, and giving their tips on maximising the benefits of both your pensions and ISAs are our expert panel: Financial Times Consumer Editor, Author and Host of the Money Clinic; Claer Barrett Founder of the Money To The Masses website and podcast; Damien Fahy Financial Expert,  Author and Host of The Conversation of Money; Peter Komolafe PensionBee's Director (VP) Public Affairs; Becky O'Connor.  * If you'd like to read Claer's book; What They Don't Tell You About Money, and The Money Basics by Peter, both are available for purchase now!     Episode Breakdown:  03:23 How much are people saving into pensions? 06:18 How ISAs work 11:00 When you can take your pension 13:24 Making the most of pensions and ISAs 15:29 Common mistakes people make with ISAs 21:50 Saving when you're self-employed 24:37 Priorities when nearing retirement 28:40 Leaving money for loved ones 31:15 Audience Q&A.   Further reading: Make the most of your savings with the help of these articles from PensionBee. Episode 17 transcript Guide to Lifetime ISAs and pensions Pension pot or cash savings - which is best? Can I cash in my pension? How much income do you need in retirement? How much can I pay into a pension each year? Making pension contributions The UK Pension Landscape When is the best time to take your pension? Your guide to savings funds   Other useful resources:  How ISAs work (gov.uk) Cash ISAs (Money Helper) Stocks and shares ISAs (Money Helper) Junior ISAs (gov.uk) Retirement Living Standards (PLSA) Peter Komolafe: Three ISA mistakes everyone is making (YouTube) Cash Isa rules and allowances (Which)    Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Claer @ClaerB on X, Instagram, TikTok and LinkedIn, Damien @MoneytotheMasses on X, TikTok, Instagram, Facebook, YouTube and LinkedIn and Peter @ConversationOfMoney on X, Instagram, YouTube, LinkedIn and TikTok.

Tommy is joined by Harry Pym from Legal and Medical this week to cover Lifetime ISAs and why you really need to set one up if you're under 40!   Want to stay up to date with the latest financial information for doctors?   Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter  https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney Music credit: MetzMusic on YouTube.

So far in this Grow it series you've learnt about why you should think about investing, learnt about risk, return and taxation as well as when you should seek the help of a financial adviser and how to find one you can trust. In this episode I want to explain the basics of the account types that most people need in order to grow their wealth. Our Grow It series consists of 10 YouTube videos where you can find out everything you need to know about investing.  We will release a new episode every Tuesday and Thursday throughout the month, so make sure you subscribe to the Money to the Masses YouTube channel and don't forget to hit the notifications bell  to ensure you get notified as soon as a new video is released. Please remember, with investing your capital is at risk and the value of investments can go down as well as up, so you may get back less than you invest. How do pensions work - https://moneytothemasses.com/saving-for-your-future/pensions/how-do-private-pensions-work What are my pension options at retirement? - https://moneytothemasses.com/saving-for-your-future/pensions/what-are-my-pension-options-at-retirement Lifetime ISAs explained - https://moneytothemasses.com/saving-for-your-future/investing/lifetime-isas-explained-are-they-the-best-way-to-save VCTs & EISs explained - https://moneytothemasses.com/news/podcast/mttm-podcast-episode-361 Thank you to our Grow It sponsors:  Wealthify - For more information about Wealthify, please visit www.wealthify.com/mttm.  Wealthify is authorised and regulated by the Financial Conduct Authority. Fidelity - For more information about Fidelity, please visit www.fidelity.co.uk/moneytothemasses. Please remember, the value of investments can go down as well as up, so you may get back less than you invest. --------------------------------------------------------------------------- Since 2010 Money to the Masses has been helping people with their personal finances for FREE. Money to the Masses is one of the UK's leading independent personal finance websites specialising in all aspects of financial planning including investments, pensions, property, insurance, mortgages, budgeting and saving. We bring together expertly written content, interactive tools and technology to help over 4 million people a year across our platform. If you are looking to get your finances in shape then check out Damien's FREE Money MOT at https://mot.moneytothemasses.com/ --------------------------------------------------------------------------- Follow Money to the Masses on social media: Website - https://moneytothemasses.com/ Facebook - https://www.facebook.com/moneytothemasses Instagram - https://www.instagram.com/moneytothemasses Twitter - https://twitter.com/money2themasses   #investing #investingforbeginners #growit

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com   It's time to sit back, listen and enjoy another episode of The Pension Confident Podcast. Whether you prefer to do that by yourself, with a partner or maybe even your children is up to you, because this month we talk all about how those relationships can affect your finances. No matter what your relationship status is, each one brings its own financial questions and challenges. Right now, you might be happy just concentrating on yourself. Perhaps you're cohabiting, or living with a friend or a sibling. You might be married or in a civil partnership. Or maybe you're separated, divorced, or widowed. From ‘singles tax', to prenups and wills - taking you through what you might need to think about as you experience these different relationships are: Personal Finance Expert and Blogger at This Girl Talks Money; Ellie Austin-Williams. Barrister, Mediator and Family Arbitrator, and a Spokesperson for free legal assistance charity, Advocate; Paul Infield. PensionBee's Director (VP) Public Affairs; Becky O'Connor.    Episode Breakdown:  03:55 Leaving home  07:02 The ‘singles tax' 10:16 Financial tips for single people 14:15 Cohabitation and the ‘common law' marriage 20:42 Prenuptial agreements 22:16 Keeping your financial independence 24:55 Pension Sharing Orders 27:12 What to do when a partner dies   * Just a note to correct some numbers we state on this episode. We say that there are eight million single people living in the UK, when in fact there are actually 28 million. We also say that the Marriage Act was in 1751, but we were a little early and it was actually released in 1753.  Further reading: Want to make sure you've got all bases covered, no matter what your relationship? Then take a look at these articles from PensionBee.  Episode 14 transcript How to tackle your personal finances when you're single. The best gift a husband can give to his partner is pension contributions. What is the average pension income for a couple? Your guide to Lifetime ISAs and pensions. How does divorce or remarrying affect your pension? How long after divorce can you claim a pension?   Other useful resources: Milestones: journeying into adulthood (ONS) Divorces in England and Wales: 2021 (ONS) Singles Tax (This Girl Talks Money) Child Benefit (GOV.UK) Bereavement Support Payment (Age UK) Bereavement useful contacts (Mind)   Come and see us live! On Thursday 4th May we'll be recording our first ever episode in front of a live studio audience and we'd love for you to join us.  Our host Philippa Lamb will be joined by special guests at White City Place in London from 6:30 pm to talk about whether your money's better off in a pension or an ISA. You'll also have the chance to get your questions answered by our expert panel. Tickets are absolutely FREE, so if you'd like to attend - just click here.   Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Ellie @ThisGirlTalksMoney on X, Instagram, TikTok and LinkedIn and Paul on LinkedIn.

The latest episode of the pod is a solo episode, and I'm talking about my month in money: Pausing a membership I couldn't use even though I was in contract Getting free shipping on a return Using Amex on sites that don't take Amex Having Amex payments declined following new rules Moving Chase cashback Closing Barclays Blue Rewards Issues with NOW Boost Paying into Lifetimes ISAs vs pensions Plus a listener question about credit scores when you switch bank For links and further reading head to becleverwithyourcash.com/cashchats261 ABOUT CASH CHATS Cash Chats is presented by money blogger and broadcaster Andy Webb. The podcast has been featured as one of the top money podcasts by publications including Apple, Good Housekeeping, The Sun and the Independent. In 2021 and 2019 it was awarded Best Money Podcast at the SHOMOS - the UK Money Bloggers community annual awards, and runner-up in 2020. On each Cash Chats episode you can hear Andy share ways to get the most from your money. He's often joined for friendly and accessible conversations by a friend from the UK Money Blogger community to cover topics as diverse as freebies and investments. Andy also runs the award-winning website Be Clever With Your Cash, presented Channel 5's Shop Smart Save Money and founded the community ukmoneybloggers.com. To contact Andy email Andy@Becleverwithyourcash.com ANDY ON SOCIAL Andy's handle is @AndyCleverCash and you can follow him over at: twitter.com/AndyCleverCash instagram.com/andyclevercash   youtube.com/andyclevercash   GET ANDY'S WEEKLY NEWSLETTER You'll also get a free Quidco bonus for signing up https://becleverwithyourcash.com/newsletter/ MUSIC The music is Easter Island by Lonely Punk and provided on a creative commons licence     

When looking to purchase your very first home, a Lifetime ISA may be able to help you on your money saving journey towards a house deposit. To help me discuss Lifetime ISAs: what they are and how they work in today's episode, I am joined with Ben Osgood, Head of Beehive Money! To download the Beehive Money app click here, or you can give them a follow on Instagram, Facebook or Tik Tok! **Please note: Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed. For more All Things Money, make sure you give us a follow on Instagram, Twitter and Facebook! Fancy supporting the podcast? You can do so here. Beehive Money is an introducer to Mortgage Advice Bureau for mortgage advice and protection.  Mortgage Advice Bureau is a trading name of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. Mortgage Advice Bureau Limited. Registered Office: Capital House, Pride Place, Derby DE24 8QR Registered in England number: 3368205 (FCA FRN 455545). Mortgage Advice Bureau (Derby) Limited. Registered Office: Capital House, Pride Place, Derby DE24 8QR Registered in England number: 6003803 (FCA FRN 466154).

The best ways to donate to charity, your refund rights and Lifetime ISAs. The latest episode of the pod is a solo episode, and I'm talking about: It's "Giving Tuesday" so I'm looking at the best ways to donate to charity When you can and when you can't get a refund for items you don't want or don't work Plus I answer a listener's question about Lifetime ISAs. For links and further reading head to becleverwithyourcash.com/cashchats237 ABOUT CASH CHATS Cash Chats is presented by money blogger and broadcaster Andy Webb. In 2020 the podcast was featured as one of the top money podcasts by publications including Apple, Good Housekeeping, The Sun and the Independent. In 2019 it was awarded Best Money Podcast at the SHOMOS - the UK Money Bloggers community annual awards, and runner-up in 2020. On each Cash Chats episode you can hear Andy share ways to get the most from your money. He's often joined for friendly and accessible conversations by a friend from the UK Money Blogger community to cover topics as diverse as freebies and investments. Andy also runs the award-winning website Be Clever With Your Cash, presented Channel 5's Shop Smart Save Money and founded the community ukmoneybloggers.com. To contact Andy email Andy@Becleverwithyourcash.com ANDY ON SOCIAL Andy's handle is @AndyCleverCash and you can follow him over at: twitter.com/AndyCleverCash instagram.com/andyclevercash   youtube.com/andyclevercash   GET ANDY'S WEEKLY NEWSLETTER You'll also get a free Quidco bonus for signing up https://becleverwithyourcash.com/newsletter/ MUSIC The music is Easter Island by Lonely Punk and provided on a creative commons licence     

Young people are turning to social media platforms like TikTok for financial advice. But how reliable is the guidance provided by usually unqualified and unregulated influencers? Reporter Anita Langary investigates. We also hear from TikTok influencer Callum Carver, and Emmanuel Asuquo of Talis Independent Financial Advisers. More than a million people have put money into Lifetime ISAs, or LISAs. You can save up to £4000 each year, and the Treasury adds a bonus of £1 for every £4 you save. But you can only use the money for two things: to help fund retirement or to buy your first home, which must be less than £450,000. If you break any of those rules there is a hefty 25% withdrawal charge. But with house prices up by more than 20% since LISAs were introduced, the £450,000 limit is causing problems for some first-time buyers. Reporter Dan Whitworth hears from one forced to choose between a hefty financial penalty or losing her dream home. Neal Hudson, a housing market analyst at builtplace.com gives us a countrywide view. We have news on moves to help victims of authorised push payment fraud - when people are tricked into transferring money to criminals. Plus new thinking on making it easier for 18 year olds who lack mental capacity to get access to their government backed Child Trust Funds. And as inflation rates head towards 5%, a new young generation is experiencing it for the first time. But do they really get it? And what can they do to minimise its impact. We bring together Jan Shortt, General Secretary of the National Pensioners Convention, who's been through inflation before, and Iona Bain, a financial writer about young people's money. Presenter: Paul Lewis Producer: Paul Waters Reporters: Dan Whitworth & Anita Langary Editor: Emma Whitworth

In this week's episode find out: Whether cash or stocks & shares is best when it comes to using a Lifetime ISA for retirement My top savings to get you back in the cinema What you get from the new M&S Bank Club Rewards Plus I answer listener questions about the new Nationwide bank switching bonus. For links and further reading head to becleverwithyourcash.com/cashchats215 ABOUT CASH CHATS Cash Chats is presented by money blogger and broadcaster Andy Webb. In 2020 the podcast was featured as one of the top finance podcasts by publications including Apple, Good Housekeeping, The Sun and the Independent. In 2019 it was awarded Best Money Podcast at the SHOMOS - the UK Money Bloggers community annual awards, and runner-up in 2020. On each Cash Chats episode you can hear Andy share ways to get the most from your money. He's often joined for friendly and accessible conversations by a friend from the UK Money Blogger community to cover topics as diverse as freebies and investments. Andy also runs the award-winning website Be Clever With Your Cash, presented Channel 5's Shop Smart Save Money and founded the community ukmoneybloggers.com. To contact Andy email Andy@Becleverwithyourcash.com ANDY ON SOCIAL Andy's handle is @AndyCleverCash and you can follow him over at: twitter.com/AndyCleverCash instagram.com/andyclevercash     GET ANDY'S WEEKLY NEWSLETTER You'll also get a free Quidco bonus for signing up https://becleverwithyourcash.com/newsletter/ MUSIC The music is Easter Island by Lonely Punk and provided on a creative commons licence     

Join me and the Nottingham Building Society to discuss Lifetime ISAs. In this episode we run through everything you need to know about LISAs and what role they can play in your financial set up.

In this 15 minute episode I break down everything you need to know about ISAs. ISAs are the best way to grow your money as all of the gains are tax-free! The things covered in this episode include: - The basics - what are ISAs, how they work, the £20k annual allowance and how this works - 4 types of ISA - Cash, Innovative, Stocks & Shares, Lifetime - I look at S&S ISAs and Lifetime ISAs in more detail, including the different approaches to S&S ISAs and which Lifetime ISA is best for your situation - How many ISAs you can contribute to each year - 2 ways to switch your ISA - ISAs vs Pensions And a lot more. Listen to the entire episode to up your ISA knowledge!

In this 15 minute episode I break down everything you need to know about ISAs. ISAs are the best way to grow your money as all of the gains are tax-free! The things covered in this episode include: - The basics - what are ISAs, how they work, the £20k annual allowance and how this works - 4 types of ISA - Cash, Innovative, Stocks & Shares, Lifetime - I look at S&S ISAs and Lifetime ISAs in more detail, including the different approaches to S&S ISAs and which Lifetime ISA is best for your situation - How many ISAs you can contribute to each year - 2 ways to switch your ISA - ISAs vs Pensions And a lot more. Listen to the entire episode to up your ISA knowledge!

Welcome to Make it Stack! In this episode we talk of the dispersion seen in stock market performance with sectors such as technology going from strength to strength and other sectors falling by the wayside in the wake of Covid-19. Will & Joe share their thoughts on Lifetime ISAs and the potential use for young UK tax residents. A lifetime ISA can be opened by an individual aged between 18-39. Up to £4000 can be added each tax year with the UK government contributing a 25% bonus on the value of all subscriptions. In our opinion, this provides a good platform for leveraging returns as all the cash can be invested. The catch is that the money has to be used for a first time house purchase or withdrawn for retirement (>60 years old) otherwise you will incur penalties. Please see this link for more information on LISAs: https://www.moneyadviceservice.org.uk/en/articles/a-guide-to-lifetime-isas#:~:text=Lifetime%20ISAs%20(also%20known%20as,set%20limit%2C%20every%20tax%20year. Stocks discussed: Ocado, Morrisons, Tesla, Spotify. Stay strong and "Ride The Vol" Peace.

This week’s podcast asks what a wealth tax would mean for the UK and how it could be implemented. The team give some good news for people with Lifetime ISAs and reveal why Santander’s 123 account has lost its charm. Tom Walker from Schroders joins the show to explain why data centres are the new beachfront property and Peter Askew from T Bailey chats about whether the coronavirus is going to alter some of the big investment themes. Presented by Shares’ Editor Dan Coatsworth and AJ Bell’s Personal Finance Analyst Laura Suter

This week the team answer your first-time buyer questions and how to get more from Lifetime ISAs. They talk about whether you should be worried about liquidity in investment funds and why you may see fewer adverts for mini bonds. There is also an update on the UK and US stock markets and a look at the key movers and shakers.   Presented by Shares’ Editor Daniel Coatsworth and AJ Bell’s Personal Finance Analyst Laura Suter. This week’s guest is Ryan Hughes from AJ Bell’s investment team.

This week’s podcast is dedicated to using an ISA. We discuss why many people are holding off from investing at present. Learn about the pros and cons of using the Innovative Finance ISA and why high rates comes with a big warning sign. We also chat about Lifetime ISAs and how much risk you may want to take with children’s savings. Finally, don’t miss this week’s quiz on all things ISA-related. AJ Bell’s Personal Finance Analyst Laura Suter and Shares’ Editor Daniel Coatsworth are joined this week by AJ Bell’s Senior Analyst Tom Selby. We discuss Lifetime ISAs, so please remember that you may miss out on employer contributions if you opt out of a workplace pension to save into Lifetime ISA. It may also affect your future entitlement to mean-tested benefits.

I'm answering your questions this week on the podcast, including changes to Childcare Vouchers, Lifetime ISAs vs Help to Buy ISAs, and exactly how bank switching works. More info and links can be found at https://becleverwithyourcash.com/cashchats53

In this week's episode I answer a handful of questions I've received from listeners and readers on Lifetime ISAs, spending Nectar points and how to get free digital copies of magazines. Read more over at https://becleverwithyourcash.com/tag/cash-chats-podcast/

We're back again, this time answering questions you listeners have sent in. Want to know who buys your shares if you want to sell. Or if it is really worth using government schemes (such as Help to Buy and Lifetime Isas) to get on the property ladder, then this is the podcast for you! Check out this quick insight that addresses these questions and many more!

The price of all sorts is going up this week - from stamps to council tax. This is Money's Rachel Rickard Straus and Lee Boyce play the lucky dip of price hikes - which involves a stop watch, chocolate eggs... and quick explanations of how bills are set to rise. Then it's on to debt - credit card, car... you name it. Is it a worry? Is it a big worry? What's going to happen next? (Spoiler alert - they think it's a worry.) The Lifetime Isa - Lisa - has just launched, so that's next on the agenda. Presenter George Frost and the This is Money team talk through whether Isas have had their day, why Lisas may or may not be a good idea, and the great whopping investing question that it's so easy to forget. And the grand finale... involves a lot of wretching. Well nearly -it would if the team weren't so well behaved. It's the Easter taste test, in which the supermarkets' not-very-finest chocolate eggs and bunnies are compared, as well as four types of hot cross bun.

The savings that energy companies promise customers are in many cases fictional and never will materialise. Those are the findings of a Money Box investigation. We found that the savings energy companies have been quoting to urge large numbers of customers to switch tariffs are phantom and can never be achieved. We have discovered that this is down to the way that Ofgem makes suppliers and comparison websites work out potential savings using the standard variable tariff as a basis for comparison even though customers may not even be on it. This week the Financial Conduct Authority outlined a new approach for regulating the promotion and distribution of Lifetime ISAs which will be available from April 2017. LISAs are intended to allow people aged under-40 to save for a home and retirement simultaneously with a cash bonus worth up to £1,000 a year being added to every £4,000 saved in to the scheme. Lifetime ISAs have come under criticism from the industry so will this new approach make any difference? As of next spring the UK will have a new main measure of inflation. The Consumer Price Inflation including Housing (CPIH) includes the costs of owner-occupied housing. We discuss its pros and cons. And Sweden's central bank is currently considering launching a digital currency in a move away from hard cash. We ask the bank's Deputy Governor how a central bank supported digital currency could work and what challenges it would create. Presenter: Paul Lewis Reporter: Michael Robinson Producer: Alex Lewis Editor: Andrew Smith.

In this episode of Informed Choice Radio, Martin talks about solving the biggest problem with living longer. There is also a roundup of the latest personal finance news and an update from the world of Informed Choice. How to Solve the Biggest Problems With Living Longer Earlier this week Martin gave a presentation at the Cranleigh Chamber of Commerce breakfast meeting. This episode includes a re-recording of that presentation. Martin talks about a remarkable French lady and the deal she did with a property lawyer, the state of longevity in the UK today, what is on the cards for the State Pension, how reform of funding adult social care was watered down, and why many older people feel they are second-class citizens. He finishes with five ideas to address the challenges of an ageing population and helping people live well in later life. 1 – Become a Dementia Friend 2 – Become more accessible to older customers 3 – Invest in your old age today 4 – Talk to your kids about the future 5 – Re-rethink retirement Personal finance news update -The Financial Conduct Authority has warned some consumers might not fully understand the new Lifetime ISAs which are due to launch next April. -Unemployment in the UK has fallen to reach an 11-year low, according to new figures. -Early exit penalties for people withdrawing money from their pension pots are set to be capped at 1%. -Teenagers are ill-prepared for the financial realities of adulthood, according to the Money Advice Service. -Grandparents are gearing up to spoil their grandchildren to the tune of £1.4bn this Christmas according to research by Saga Money. Get answers to your personal finance questions Do you have a personal finance or investing question for Martin? Email martin@icfp.co.uk or ask on Twitter @martinbamford. You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.icradio.co.uk/voicemail to leave an online voice message. Help us spread the word! Thank you for listening to this episode of Informed Choice Radio. Please use the comments section below to share any feedback you have. If you enjoyed this episode, please share it by using the social media buttons on this page. If you enjoy the show, please subscribe in iTunes and write us a review! Reviews really help us stand out from the crowd and reach more listeners.