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In this episode we answer listener questions covering emergency funds for higher and additional rate taxpayers, and inheritance tax considerations around beneficiary SIPPs. We also discuss whether couples should rebalance pension contributions, the key steps to take before retiring abroad, and what to know about DB pension transfers. Finally, we look at cross-border pension taxation using the UK–Denmark double taxation treaty as an example. Shownotes: https://meaningfulmoney.tv/QA40 01:20 Question 1 Hi Pete & Roger, Thanks for all your helpful and easy to understand information. I have only been on my financial wellbeing journey for a year. I work in the NHS and am in a higher tax bracket. I am fully enrolled in the NHS pension, more out of previous disinterest than any actual action on my part. I am single and currently saving up for a down payment on a house in about 4/5yrs. I maxed out my ISA last year and expect to do the same this year; this includes money for the down payment. I also took out a SIPP which I only recalled last year; I took it out 20+ years ago. However I am still waiting for a statement from the pension office before my accountant can work out how much more I can add to the SIPP. In the interim I have my emergency fund in a premium bond (20k) but am worried it's being eroded by inflation. I expect to be an additional tax payer in the next few years. Where should I keep my excess cash? More in premium bonds with no tax but erosion by inflation; or open GIA or more in high interest savings account and pay the tax? Or is there another option you would recommend? Btw I have £600 in crypto (Coinbase and Etherium) but don't plan to put more than £400 more in then plan to forget about it. It's a tiny fraction of what I put in my ISA. Thanks, Joy 04:46 Question 2 Dear Pete and Roger. Love the podcast. I think it is essential listening for those wanting to elevate their knowledge of the incredibly important subject of financial planning and it also highlights the value add that financial professionals can provide. My mother is 79 and has a comfortable guaranteed inflation linked income via state and civil service pension, which is supplemented by savings (maxed premium bonds & healthy cash savings) and investments held in ISAs and a beneficiary SIPP from my late father who passed before 75yrs old (therefore the assets are income and CGT free). My mother is keen to minimise the IHT on the estate both her and my father worked so hard to create. Despite her comfortable situation, I still have to encourage her to spend and use your very helpful '40% off sticker' analogy on a regular basis. It is my understanding that SIPPs will be subject to IHT and income tax from 2027. As my sister and I are both additional rate taxpayers, we will potentially be subject to 67% tax on any assets remaining in the SIPP if the estate is above £1m IHT threshold. While the '67% off sticker' analogy is even more helpful to encourage her spending, it has triggered some planning. We are drawing down the beneficiary SIPP to fund ISA each year for my mum – keeping the income and CGT tax benefits for my mum while removing it from the double income and IHT tax on death. As part of the IHT planning we are now considering regular gifts from surplus income. When combined with her guaranteed income, the assets in the beneficiary SIPP are more than sufficient so sustain her lifestyle until her age would be well into three figures. Based on my reading, it appears any drawdown from SIPPs are considered 'income' for gifting purposes, regardless of if they come from capital or income. Therefore she could start to draw more 'income' from the SIPP and gift this surplus which could be considered IHT free. Are there any limits to how much or how quickly she could reasonably drawdown from a SIPP so that it would no longer be considered 'income' by HMRC for IHT purposes? i.e could she empty the SIPP over a 5 yr period, gift that as excess income, then reduce the gifts to reflect a different income and or expenditure? While all the drawdown from SIPPs is considered 'income' for IHT purposes, the treatment of withdrawals from ISAs or other investments are distinguished between whether they are actually capital or income. Therefore, we have the added complication of needing to balance the 'income' drawdown from the beneficiary SIPP to make sure she doesn't eat into 'capital' of the ISAs and savings which would then mean the gifts from regular surplus income would then be considered part of the estate again. Our circumstances mean my mum feels slightly trapped between keeping the SIPP (so it is considered income for gifts from regular income but gets IHT taxed at 67%), continuing to use the beneficiary SIPP to fund ISAs (reduce IHT liability but lose flexibility to gift it as income), maybe change the investment engine of the ISAs from a lower yielding balanced solution to something with a higher natural yield, or do something else altogether (lump sum gifts and hope to survive 3yrs for taper or 7yrs). Any thoughts or suggestion would be appreciated. While there are some relatively niche circumstances, I think it covers two more broadly applicable IHT planning considerations SIPPs v ISAs under the new rules and regular gifts from surplus income. Thanks in advance Stephen 17:06 Question 3 Hi Pete and Roger Thank you both for your continued help in navigating the financial maze and I am enjoying the listener questions. My wife works part time and is a basic rate tax payer. She pays into her workplace pension and contributes an additional 15%. Her pension provider receives 20% tax relief on these contributions. I am a higher rate tax payer and I make contributions to a SIPP. My pension provider receives 20% tax relief and I claim an additional 20% directly from HMRC. As a couple, we could stop making the additional contributions to my wife's pension and instead make them into my SIPP. This would give us an additional 40%, rather than 20%. Mathematically this makes sense. We haven't done this so far, as I like the idea that we are equally contributing to both of our pensions, for the future. It also helps keep things simple. I am mindful that one day, we may kick ourselves for not making this simple switch which may leave us with a significantly bigger pot, when we need it. What options would you consider in this decision of splitting pension contributions. Many thanks, Rob 20:17 Question 4 Dear Pete & Rog, I just wanted to say a heartfelt thank you for your podcast and the incredibly valuable information you share. Your conversations are not only insightful but also reassuring as I start to think more seriously about my own retirement planning! One of the things I'm considering is retiring abroad (somewhere sunny!) Spain most likely, and I wondered if you might explain the process you go through with such clients. Specifically, do you have a checklist, or a list of key questions, that you typically ask clients to work through before moving overseas? For example, I've learned that ISAs are not recognised in many EU countries (so it may be better to sell before leaving), and I imagine there are similar considerations around SIPPs/UK DC pensions and other investments. Do you also tend to liaise with financial planners or accountants based in the EU when helping clients prepare for such a move? I would be very grateful for any wisdom you could share. Thanks again for all the work you put into the podcast, it really does make a difference. Warm regards, Chloe 24:55 Question 5 Hi Pete, Love the podcast. Very informative and user friendly. I have a question, once popular but maybe not so much now and one that will make advisers sweat again! I'm a sophisticated investor (so to speak!), I manage my own SIPP etc and I'm an accountant so I guess I have a head start over most people. I have a net worth excluding my house of circa £2.5m spread across a SIPP, ISA, FIC and GIA. I also have an old DB pension. I'm 59. It pays out circa £6,500 from the age of 65. My dad died aged 63. Given my circumstances I want to transfer the DB scheme into my SIPP. I have two children so would like them to get it rather than die with me so to speak. The last transfer value I got was pre covid at circa £100k which I know isn't a brilliant multiple but I'm happy with that. I'm fit and healthy but I'm not relying on the guaranteed pension given my other pension provisions. So, firstly is it likely the transfer value would have gone up or down given the increase in interest rates and secondly do you think I could get a positive recommendation from an adviser? Thanks, Oscar 31:35 Question 6 Dear Pete and Roger, Love the podcast. I'm a bit more of an adventurous investor than you usually caution, but you provide a certain "passive-tracker-Yin" to my "property-investment-Yang". Given your backlog I'm going to ask you a pension question that I probably don't have to think about for 20 years, so you have time to get to it. I worked in Denmark for several years and paid into a pension scheme while I was there. I believe it is structured similarly to a UK DB pension scheme. There is an initial lump sum plus an income for life. This pension fund is not covered by QROPS, so there is no transferring my way out of this complexity. The Danish pension fund thinks I'll be paying Danish income tax (presently 37-38%), Chat GPT is adamant that I'll be paying UK Tax. Who's right? If taxed in the UK I can imagine getting the tax free cash allowance right might be complicated. Is there anything else I should be considering? Best Wishes, James
Listen to this next - EVERYTHING You Need To Know About Pensions (State, Workplace, SIPPs & more)In this podcast episode, we answer a great question:'Should I use a workplace pension, SIPP or Stocks & Shares ISA?'In really comes down to tax optimisation vs flexibility.In this episode we break down the key differences, when each one makes sense and the simple framework I use to decide which one to focu on.Listen to the podcast episode for the full details.And thanks for the question Craig! If you have a question, feel free to email me: makingmoneysimple1@gmail.com -----------------------------------------More Investing:
Listen to this next - EVERYTHING You Need To Know About Pensions (State, Workplace, SIPPs & more)In this podcast episode, we answer a great question:'Should I use a workplace pension, SIPP or Stocks & Shares ISA?'In really comes down to tax optimisation vs flexibility.In this episode we break down the key differences, when each one makes sense and the simple framework I use to decide which one to focu on.Listen to the podcast episode for the full details.And thanks for the question Craig! If you have a question, feel free to email me: makingmoneysimple1@gmail.com -----------------------------------------More Investing:
Changes are coming to UK inheritance tax legislation. From April 2027, many expats with UK Self-Invested Personal Pensions (SIPPs) could face a 40% UK inheritance tax hit on pension values above the £325,000 nil-rate band, but the way the new rules are drafted may allow non-long-term UK residents to structure their SIPPs so that non-UK underlying assets sit outside the UK inheritance tax net. Richard Taylor, dual UK/US citizen and Chartered Financial Planner, is joined by Tobias Gleed-Owen, Senior Associate at Birketts, to discuss the upcoming changes to SIPPs and inheritance tax. This episode of Expat Wealth explores how UK expats, or future recipients of a UK inheritance or pension, can prepare for the April 2027 changes. Richard and Tobias unpack how the draft UK rules will treat pensions for inheritance tax, why the position most people have assumed is likely wrong, and how looking through to the underlying investments in an SIPP may keep large portions of a UK pension outside the UK inheritance tax net. In this episode, Richard and Tobias take a detailed look at: The big picture: An overview of the 2027 UK inheritance tax change on pensions. Practical planning opportunities: How to structure or restructure your SIPP investments. What to do if you have an old defined benefit pension. Pension Commencement Lump Sums: Whether or not the UK 25% “tax-free lump sum” is tax-free in the US. -- Expat Wealth is supported by Plan First Wealth. Plan First Wealth is a Registered Investment Advisor serving fellow expatriates and immigrants living across the US on matters such as retirement planning, investment management, tax planning and non-US asset management. https://planfirstwealth.com/ -- Expat Wealth is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Plan First Wealth does not provide any tax and/or legal advice and strongly recommends that listeners seek their own advice in these areas.
It's another Meaningful Money Q&A, taking in the £100k tax trap, splitting pensions on divorce, safely switching investment platforms and much more! Shownotes: https://meaningfulmoney.tv/QA38 01:59 Question 1 Hi Roger and Pete, Long time listener, first time questioner. My wife and I have both earned in excess of £100k for a few years now, meaning I am acquiring a peculiar set of skills on the various ways to use pension contributions, rollover allowances, gift aids, etc to keep us both below the (entirely bananas) £100k cliff-edge each year. My question is on the £60k pension annual allowance. Does it only apply to the amount of pension savings in a given year which can be made without paying a tax charge, or does it also count as the maximum amount of pension deduction which can be taken to calculate net adjusted income as part of completing our tax returns? The (slightly over-simplified) situation in my mind is that if I earned £160,500 in a given year, I would prefer to pay £61k into a pension, thereby reducing my net adjusted income to £99,500 to stay below the cliff-edge, even if I had to pay 40% tax on the extra £1000 above the pension annual allowance. As a fun aside, I asked this to my preferred AI - and I leave a link to see if you agree with it's answer or not - https://g.co/gemini/share/8c23e91cb658 Stephen 07:58 Question 2 Hello Pete & Roger Listen and enjoy all your podcasts regularly but every now and again you get one that addresses specific points to the individual listener. For me it was Podcast QA18. A really great podcast. 1. The 2015 changes to pensions made significant differences to pensions and most financial experts have rightly advised using your pension as one of the best places to put savings. It does seem unfair that you plan your savings and pensions well in advance for retirement based on government rules. and then you you find you are likely to have a sizeable IHT bill. At 78 it is difficult to turn the ship around quickly. Many more people will be affected by this over the next decade. The main reason however for my question relates to ways to reducing the effects of this IHT change. The general allowances and the 7 year rule are all clear. However the main exemption that could help is the little used Gifts form Excess Income. I have read up as much as I can and the whole system seems rather vague and many things open to interpretation, even by financial experts. There is no clear and precise set of rules whereby you can be certain something is capital or income. Your executor will have to understand all this and have all the back up documentation to convince HMRC that the gifts are justified. I do have excess income and spent significant time over the past weeks analysing all our expenditure and income sources ending up totally confused and with a severe migraine. Any advice on how best to handle this can of worms would be appreciated. 2) So many of us these days have children living in different countries with their families. All with different citizenship and residency situations in different countries. There seems to be very little information about IHT and general tax issues in relation to gifts and inheritance of money and pensions for children and grandchildren in this situation. Best regards, Peter 16:52 Question 3 Hello Roger and Pete, Thanks for a great series of podcasts. Some of them confirm what I already know and some give me insights, ideas and an understanding I didn't have. You provide a great service. My wife and I are 54 and 55. We are getting divorced. The divorce is amicable and we want to share everything evenly. I take home £5k/month and she takes home £2.3k. We will split this evenly as long as we both work. Our pension funds are not of equal value. I have DCs and SIPPs worth £800k and ISAs worth £100k. I also have a small DB pension that will pay out about £3k/year in today's money at age 67. My wife has a DC pension worth £210k and ISAs worth £220k. She has a DC pension that will pay about £2.5k/year in today's money at age 67. As you can see, the majority is in my name. This makes sense as I have worked whereas she has taken time off to raise our children. We have equal claim to the money in my mind. I think the ISAs are straight forward. We can balance the value by selling some of hers and investing more in my name. The DC pensions are more difficult. By right I should give her £295k to make them of equal value but how do we do this? We want to avoid expensive solicitors and accountants but are not sure if we can DIY this. Please share any advice you can give. Regards, Jay 25:43 Question 4 Hi Pete and Roger, Thanks so much for what you do with the podcast. It's completely changed my approach to my finances, especially over the last year which has felt even more important after the birth of my son. I have a question about investment platforms. I currently have about £70,000 invested in passive world index trackers via a platform. I estimate my total annual fees including fund and platform fees to be about 0.66% pa. I don't think this is terrible but I think it could be less. I'm considering transferring my investments (which is a mixture of stocks and shares ISA, LISA and (very small) SIPP) to a cheaper platform. Do you have an advice on the transfer process, especially in whether to transfer all the funds in one go or is there a strategy you'd recommend to avoid falling foul of market fluctuations? Thanks, Jack 30:47 Question 5 Hi Pete and Roger, You guys are the best. You've given me my only financial education. Never underestimate what a difference you are making to ordinary people's lives. THANK YOU. I am 42 years old saving into my workplace DC pension. I have a bit of a gap because I started late and then freelanced for a few years, so playing catch up, but thanks to you both, seeing the positives in this, rather than beating myself up. I am basing the 'gap' on not quite having 3x salary saved by age 42 - is that a decent rule of thumb? As you both say, arming people with knowledge can be a good thing and a bad thing, because armed with this new knowledge we can go off and overcomplicate things. I decided to pull my pension from the default fund and pick 6 funds. What's the best route for working out if I am paying too much in fees, if I have got too much crossover across funds, and if the more pricey ones are worth it? Do I need to get financial advice or could I do this myself (being a complete layman obvs)? Do you have any tips on the process of comparing, finding inefficiencies and consolidating? What's a reasonable number of funds would you say? 3? 1? BTW I've done the same thing with my ISAs since they let us have more than one. How do you just pick one and stick with it, and not get distracted by the new shiny providers? It seems like newer, better products and platforms come out all the time. Or am I worrying unnecessarily and might it be ok to have fingers in many pies? Thanks again for all you do. Hayley 37:47 Question 6 Thanks for all the content, I listen to every episode and often share the pod with others to share the good word! My partner will soon be able to get her NHS pension. While we were looking at the numbers, I began to wonder whether there is any benefit in taking the maximum lump sum and investing it outside of the pension. My thinking was that she would probably be able to generate the same amount of income from investing it in the stock market, but that when she dies she will be able to pass the capital on, whereas her pension will just stop paying out. I think the maximum she can take is about £70k. Presumably she could put this in a GIA and feed it into an ISA over a few years, accepting that any gains in the GIA would be subject to tax. I just wondered if there were any other tax implications that I hadn't considered? If not, then presumably it's just a case of comparing the drop in the annual pension payment against the expected returns (after tax) from investing outside the pension? Would love to know your thoughts on this. Thanks again, and keep up the good work. Tim
Key Topics Covered:1. What Changes in April 2027Unused pensions will count towards inheritance tax.Anything above the tax-free limit may be taxed at 40%.More families will be affected due to frozen allowances.2. Executors, Lost Pensions and Hidden TrapsNew burdens and risks for executors who must locate and report all pensions.The scale of “lost pensions” and how to track them down.When to consider consolidating multiple pots and when to seek advice.3. Income vs Capital and Smart GiftingIHT as a tax on capital, not income.Annual allowances, the 7‑year rule and “gifts with reservation”.How gifts out of surplus income can be unlimited and IHT‑free if well documented.4. Pensions, Annuities and Who's AffectedWhich pensions are not treated as capital (state, final salary, annuities).Which are caught by the new rules (personal pensions, SIPPs, SSAS, DC workplace schemes).Pros and cons of using annuities to swap capital for income.5. SSAS Pensions and Multi‑Generational PlanningWhat a SSAS is and who can qualify (limited company owners).Using SSAS to consolidate pots, invest entrepreneurially and involve adult children.Strategies like contributions for children, earmarking and loanback to shift value down the bloodline.6. Life Cover, Wills and the Family Wealth FortressWhy life insurance should be written in trust to avoid swelling your estate.Using whole‑of‑life, second‑death cover to fund an inevitable IHT bill.The basics everyone should have in place: will, LPAs, and an annual “estate stock take”.Actionable Takeaways:Assume the 2027 rules will affect you if you have pensions and other assets – start planning now.Calculate your current estate and repeat annually to see how close you are to IHT thresholds.Trace and tidy up old pensions; don't leave a mess for your executors.Learn the difference between gifting capital and gifting surplus income – and document income gifts carefully.Review life cover and trusts; consider SSAS if you're a business owner wanting to build and pass on wealth efficiently.Resources & Next Steps:Join the Waitlist and Get Your Free Inheritance Tax & Pensions Guide - Be the first to receive this essential guide as soon as it's readyWealthBuilders Membership: Free access to guides, webinars, and communityConnect with Us:Listen on Spotify, Apple Podcasts, YouTube, and all major platforms.Next Steps On Your WealthBuilding Journey: Join the WealthBuilders Facebook CommunitySchedule a 1:1 call with one of our teamBecome a member of WealthBuildersIf you have been enjoying listening to WealthTalk - Please Leave Us A Review!
Some excellent questions this week, as always, and with the added bonus of moving the podcast onto YouTube! Join Pete and Rog as they answer questions about finance management apps, investment platform selection and transitional tax-free allowance certificates! Shownotes: https://meaningfulmoney.tv/QA32 01:39 Question 1 Hi Pete and Roger Thanks so much for all the work you do, I've only found the podcast recently but already enjoying learning more and thinking about things differently. My question relates to saving for retirement and specifically the period leading up to retiring. Nearly all of our (mine and my husband's) pensions are in SIPPs where we have been happy to be 100% equity, in global index funds. We are now maybe 7-10 years from the point where we could retire, and I've been able to research withdrawal strategies to the point where I'm confident managing that when we get there. We have determined our target asset allocation split between equities / bond funds / individual gilts and money market funds for the start point of retirement. I haven't been able to find much information about the period of transition from 100% equity to the asset allocation we want in place for the start of retirement. Obviously it's a balance between reducing exposure to volatility as we approach retirement and accepting a drag on the portfolio caused by the increasing allocation to cash and bonds and my instinctive (but not evidence-based!) approach would be to gradually move from one to the other over a number of years. So my question is this - is there a better approach than just a straightline shift from one to the other? How far out from retirement is it appropriate to start making the transition? The best advice I can find online is just to pick whatever makes you feel comfortable and do that but surely there must be some more robust guidance out there? I appreciate it might not be a one size fits all answer but would appreciate your thoughts on how to approach this. The one piece of advice I do seem to have found is that however we decide to do it, to stick to a predetermined schedule to avoid temptation to try to time the market - does that sound sensible or have I missed the mark on that? Thanks so much for any help you can give. Fran 08:28 Question 2 Hello I listen to your show when out on walks and find it helpful for somebody who struggles at times with pension planning I am 55 and myself and colleagues were told we had to leave the Final Salary pension scheme in 2019, the flipside being we would still have employment and our final salary pension would be triggered at reduced age of 50, although we would only get the years paid into rather than the magic 40 years which would give 40/80ths of your final salary. So, for me , mine was triggered in 2020 and it was around 32/80ths (paid in since age 17), and I still remain in employment. At this time I received a statement saying my pension had triggered, I had opted for the smaller lump sum (we had two options and some took the larger sum). There was no option to not take a tax free lump sum. I received a statement from the pension provider and it stated I was using 57% of the LTA Now, since 2024 the P60 I receive from the pension provider annually now shows how much of the LSA I have used, this shows an amount of £153k , which equates to the same 57% , this time of the tax free lump sum allowance of £268k (I have rounded the figures). However, the actual lump sum I received was £80k - so should I not have £199k left to use up ? As I got my lump sum prior to 2024 and it is far lower than the standard calculation used to generate £153k used figure , do I not have any protected rights and able to dispute this ? It seems unfair that others who opted for double the tax free lump sum I received will be treat the same as myself regarding what tax free lump sum they can get in future (We all pay into a company DC scheme these past 6 year, with a different provider). I have read about Transitional Tax Certificates but unsure if they are relevant to my scenario. I was unsure if the onus is on myself to take some action, or if the above is correct and that is how it works. Any advice would be appreciated and may help others in a similar scenario also. Many thanks, Jason 13:15 Question 3 Hi both, Thank you for all the great content, my question relates to financial planning as a couple. My partner and I are getting married next year and plan to combine finances at that time. We will also be looking to buy our first home in the next few years. Aside from some lifestyle creep, we are both 'good' with money and have worked with monthly budget systems before. We are looking for a system to help us manage our *total wealth/finances* on a larger scale as opposed to the majority of online finance spreadsheets which focus more on monthly budgeting. Do you have any recommendations for spreadsheets or software to help us keep track of the 'big picture' i.e. emergency fund, pensions, ISAs, investments. We WILL be seeking financial planning but are keen to keep track of this stuff ourselves. We would be happy to update spreadsheets quarterly, but not get bogged down in tracking specifics of bills etc! Best, Maddie 18:44 Question 4 Hello Pete and Roger, The older of my 2 sisters has been diagnosed with a terminal illness at the early age of 46 and because of the late stage diagnosis the timescales could be as short as 3-6 months without treatment. Myself and my other sister have been looking through her work pension/ finances to sort out her estate to get everything looked after for her only daughter, who is under the age of 18. She works for a government department and after reading the small print with her pension/ employment contract her estate would be about £130k worse off if she continued to be on sick leave but employed compared to taking medical early retirement. We have advised and started the process to get the lump sum and early retirement pension for my sister, as she is unlikely to benefit from the higher yearly pension payouts of around 23k vs 15k with £100k lump sum. My younger sister is applying for power of attorney as my older sister is too unwell to deal with all the admin and is becoming very forgetful with her condition and medication. My sister's entire estate will be around £300k, we are concerned about my niece inheriting such a large lump sum at the age of 18. We are considering setting up a trust so that the money can be fully invested and paid out in smaller staggered lump sums to her on a 6 month or 12 month basis, just to get her used to dealing with larger sums of money and when she needs a Deposit for a house etc this will be available. Are there any reasons not to go down the Trust route and would this even be practical? Are there other options? We have been thrown into the deep end trying to make the best decision and could use your advice. I'm 38 and if I'd have inherited such a large lump sum at the age of 18, I probably would have blown it on expensive cars and motorcycles and have had some great fun in my 20's, but probably would have little left to show. Regards Mark 24:03 Question 5 Hi Pete and Rog Long time fan here! Love the accessibility of your information in the pod and the books! I've learnt a huge amount. But.... I still have a probably rather stupid question... I have a SIPP with funds in a Vanguard Global Index fund with Interactive Investor. It's taken a bit of a battering, but I'm hopeful it will grow in the next 10 years! My question is, how does it grow? I keep reading about interest and the magic of compounding, but it seems to me that there is no interest in an index fund? I dabble for a while with a dividend specific pie on Trading 212 and clearly saw dividends being paid to me on a regular basis, but this doesn't seem to happen with the Vanguard fund. What is it that's compounding? Please can you explain (as if I was a child!) how and why the fund grows and (hopefully) keeps gaining value over the long term? Many thanks! Alex 29:34 Question 6 Hello Pete and Roger, Great podcast! We are all very aware of costs eroding returns over time. On reading the Sunday Times review of investing platforms (8th June 2025 entitled, *'Switch investing platform and save £30k*'), this would seem to advocate changing platforms as funds increase to minimise costs. However, what this article doesn't go into is the flexibility on each platform to invest in individual shares / ETFs etc. Please could you and Roger give your insightful views about investment platform selection and particularly keeping with the most cost effective platforms as invested funds grow in value. Thank you for helping so many of us! Ivana
British business Volution (FAN) provides ventilation and air systems, and its shares have increased by a fifth thanks to the acquisition of an Australian business Fantech. Michael Fahy unpacks how investors reacted to the latest results, what is driving demand, and its broad geographical spread. The CMA investigation into the veterinary market is still ongoing, and CVS (CVS) has paused its UK acquisition programme while it ticks on. Julian Hofmann examines the company's results, its strategies for maintaining business growth, and its current valuation. Last up, Alex Newman delves into the world of bitcoin, the topic of this week's Big Read. From the FCA's reversal on DIY investors buying and selling crypto exchange traded notes (ETNs), to the eligibility in Isas and Sipps, listen to find out everything you need to know about bitcoin buying.Timestamps 01:14 Volution07:17 CVS15:49 BitcoinCVS pivots to Australia as UK expansion stalls amid CMA probeThere's a new way to buy bitcoin – but is it safe? Hosted on Acast. See acast.com/privacy for more information.
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comThe UK Financial Conduct Authority has announced that it is loosening its anti-bitcoin stance. From October 8th retail UK investors will now be able to buy bitcoin ETFs.Finally.The ban came in with bitcoin at $5,000. Today it's $115,000. That's $110,000/coin UK investors have been protected from. Great job guys. Where will it be on October 8th? Who knows.Does this announcement mark the top of the market for bitcoin? There would be a poetic irony if it did, but it won't. Bitcoin is so much bigger than the FCA.At present, it does not even look like a case of buy the rumour, sell the news. Bitcoin has actually sold off a few percent since the announcement.But this change in tack is going to have a huge impact. It's about a lot more than British retail investors. It's global.It's going to have an impact on the bitcoin treasury companies around the world, and it's going to have an impact on the bitcoin price itself.Here's why.We'll start with the announcement itself from David Geale, executive director of payments and digital finance at the FCA:'Since we restricted retail access to cETNs, the market has evolved, and products have become more mainstream and better understood. In light of this, we're providing consumers with more choice, while ensuring there are protections in place. This should mean people get the information they need to assess whether the level of risk is right for them.'Blah blah, waffle waffle. Absolutely no ownership of the FCA's calamitous regulation whatsoever. Fortunes have been lost to British investors because of the FCA. How is it these bodies are so totally unaccountable? Perhaps everyone who was involved in that decision should be made to compensate British investors for their loss of earnings."We're providing consumers with more choice,". Please. There's gaslighting for you right there.Moving on.NB Don't forget my brilliant book about bitcoin, if you want to learn more about the space.There is also my new book The Secret History of Gold, which comes out later this month. Amazon is currently offering a discount, so order yours now. Obviously, UK investors are now going to be able to buy bitcoin ETFs through their brokers, which means we can hold them in our SIPPs and ISAs. I gather there is roughly £3 trillion in UK pensions, £750 billion in ISAs, £500 billion in SIPPs and quite a bit more in other brokerage accounts. So that is a lot of capital that can now come into bitcoin which previously could not.But there is a lot more to it than that.The institutional floodgates are about to open. Former HSBC fund manager and ByteTree CEO, Charlie Morris, who knows this world as well as anyone, has this to say.The lifting of the ban by the UK regulator of bitcoin exchange traded products will have a far greater impact on the market than many believe. It's not just retail but institutions too. Many funds around the world are connected to London whether it be custodians, administrators, distribution, or trade execution. The ban meant that a single touchpoint with the UK would prevent allocation to bitcoin. From 8 October, this will no longer apply. Not only will U.K. retail investors boost demand for bitcoin ETPs, but a far bigger deal will be the opening up to institutions and funds around the world. It's a monumental moment for bitcoin which will become a global institutional asset over the next decade.(By the way you should subscribe to Charlie's newsletters. They're excellent. There are free and paid options. Here's the link).You saw my piece a few weeks ago about the global shadowbanning of bitcoin. London and the FCA had a huge role to play in that. One example: a banker I know in Zurich could not buy bitcoin products for one of his high net worth clients because of the ban. He was by no means alone. We have taken a step forward to the lifting of the shadowban, though not the final step by any means. As we noted, the funds buying bitcoin are still the 'pirates' rather than the big players, but this is still a move towards the legitimisation and normalisation of bitcoin.If bitcoin can get to something like 2% of portfolios worldwide, which it eventually will, well woof is all I can say.What about the treasury companies? What next for them?
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comThe UK Financial Conduct Authority has announced that it is loosening its anti-bitcoin stance. From October 8th retail UK investors will now be able to buy bitcoin ETFs.Finally.The ban came in with bitcoin at $5,000. Today it's $115,000. That's $110,000/coin UK investors have been protected from. Great job guys. Where will it be on October 8th? Who knows.Does this announcement mark the top of the market for bitcoin? There would be a poetic irony if it did, but it won't. Bitcoin is so much bigger than the FCA.At present, it does not even look like a case of buy the rumour, sell the news. Bitcoin has actually sold off a few percent since the announcement.But this change in tack is going to have a huge impact. It's about a lot more than British retail investors. It's global.It's going to have an impact on the bitcoin treasury companies around the world, and it's going to have an impact on the bitcoin price itself.Here's why.We'll start with the announcement itself from David Geale, executive director of payments and digital finance at the FCA:'Since we restricted retail access to cETNs, the market has evolved, and products have become more mainstream and better understood. In light of this, we're providing consumers with more choice, while ensuring there are protections in place. This should mean people get the information they need to assess whether the level of risk is right for them.'Blah blah, waffle waffle. Absolutely no ownership of the FCA's calamitous regulation whatsoever. Fortunes have been lost to British investors because of the FCA. How is it these bodies are so totally unaccountable? Perhaps everyone who was involved in that decision should be made to compensate British investors for their loss of earnings."We're providing consumers with more choice,". Please. There's gaslighting for you right there.Moving on.NB Don't forget my brilliant book about bitcoin, if you want to learn more about the space.There is also my new book The Secret History of Gold, which comes out later this month. Amazon is currently offering a discount, so order yours now. Obviously, UK investors are now going to be able to buy bitcoin ETFs through their brokers, which means we can hold them in our SIPPs and ISAs. I gather there is roughly £3 trillion in UK pensions, £750 billion in ISAs, £500 billion in SIPPs and quite a bit more in other brokerage accounts. So that is a lot of capital that can now come into bitcoin which previously could not.But there is a lot more to it than that.The institutional floodgates are about to open. Former HSBC fund manager and ByteTree CEO, Charlie Morris, who knows this world as well as anyone, has this to say.The lifting of the ban by the UK regulator of bitcoin exchange traded products will have a far greater impact on the market than many believe. It's not just retail but institutions too. Many funds around the world are connected to London whether it be custodians, administrators, distribution, or trade execution. The ban meant that a single touchpoint with the UK would prevent allocation to bitcoin. From 8 October, this will no longer apply. Not only will U.K. retail investors boost demand for bitcoin ETPs, but a far bigger deal will be the opening up to institutions and funds around the world. It's a monumental moment for bitcoin which will become a global institutional asset over the next decade.(By the way you should subscribe to Charlie's newsletters. They're excellent. There are free and paid options. Here's the link).You saw my piece a few weeks ago about the global shadowbanning of bitcoin. London and the FCA had a huge role to play in that. One example: a banker I know in Zurich could not buy bitcoin products for one of his high net worth clients because of the ban. He was by no means alone. We have taken a step forward to the lifting of the shadowban, though not the final step by any means. As we noted, the funds buying bitcoin are still the 'pirates' rather than the big players, but this is still a move towards the legitimisation and normalisation of bitcoin.If bitcoin can get to something like 2% of portfolios worldwide, which it eventually will, well woof is all I can say.What about the treasury companies? What next for them?
A bit of a themed Q&A this week, with some great questions from folks in their 30's. We cover share save schemes at work, large inheritances and retirement planning - yes, even in your 30's! Shownotes: https://meaningfulmoney.tv/QA17 01:29 Question 1 Hi Pete and Roger, First of all I wanted to say I'm a new but avid listener to the MM Podcast, I'm so glad I found it while I'm still (relatively) young, I'm 39 and after years of making bad financial decisions the MM podcast has turned my attitude to money/investing and pensions on its head. I now relish the challenge of taking care of my finances rather than what felt like years of fighting against it. I wanted to ask a question regarding selling Investments vs taking a short term loan. I work for a large pharmaceutical company and as a perk of being an employee I pay into 2 share schemes through work. The one I'm thinking of selling is a plan whereby I'm limited to a certain amount a month I can pay in and whatever I pay in is matched by my employer, so half the shares in this scheme are free. Needles to say I pay the maximum into this to benefit from the BOGOF offer. I've recently had a large unexpected bill that even my emergency fund can't cover! And I wanted to know if selling the shares would be advisable over getting a 12 month loan? If I sell the shares the money will be paid to me through my next pay so it will be subject to tax and NI contributions, after a bit of number crunching I've worked out that what I'll pay back on the loan is a lot less than the tax and NI I'll pay on the shares, however it does mean being in debt for 12 months, but I'm reluctant to sell the shares as I'd earmarked it as a supplement to my pension. If this was cash sitting in an account then it'd be a no brainer but I'm sure that I've heard people advise against selling investments. Please could you help and offer some advice as I'm really not sure what's best as I do what to avoid debt too. Thanks in advance, Anthony 05:30 Question 2 Hi Pete and Roger Thank you so much for the podcast and content you put out - for free! - it's incredibly generous and has helped thousands of people including myself. I appreciate this is not a typical situation, but I am 30 years old and am due to inherit £500,000 (yes, really, though due to unhappy circumstances). Up until now (in no small part due to your content!) I've been confident managing my finances. I am single, and am just approaching becoming a higher-rate tax-payer as an NHS doctor. It is a stable job with a great pension and guaranteed pay progression. I have a £200,000 mortgage on my house which I am comfortably paying out of my salary. I also have a £10,000 cash emergency fund in place, and no other debt apart from my student loan. Due to the NHS pension (and the complexity of avoiding annual allowance breaches with a SIPP alongside a DB pension), I have favoured directing all my personal savings into my stocks and shares ISA rather than a SIPP, all in a 100% equities passive global tracker (currently about £60,000). I don't know what to do with this inheritance. I will put the first £50,000 in Premium Bonds. After that, I like the simplicity of £20,000 per year into the stocks and shares ISA in a passive global tracker. But in the short-term this still leaves a vast sum in cash. Even if I paid off the mortgage (which I'm unsure about, as I've had plans to spend on house renovations fairly soon), there is still a vast amount of cash left unsheltered. (First-world problems, granted.) I could pay for advice, but I would rather self-manage as I feel I don't want to do anything too complicated if someone could explain a simple strategy using a GIA. Option 1: GIA Is it easy to calculate the dividends on an accumulation global tracker fund? Should I ditch the simplicity of global trackers to find dividend-paying funds/investment trusts to try and pay less tax? Option 2: Cash Option 3: Holding gilts to maturity Have I missed anything? Does it really matter whether I do Option 1 or 2 in the grand scheme of things? Any thoughts would be much appreciated! Kind regards, James 14:30 Question 3 Hi Pete (and Roge) Thanks for all you have done and continue to do on the podcast. I've now read both your books which I would warmly recommend to anyone. I've tried to keep this brief but tricky not missing out key details! My wife and I are in our mid 30s and have SIPPs invested in passive, 100% global equity, accumulation funds. With a reasonable time horizon, and stomach for volatility, we're very happy with this approach. We would like the option to retire as soon as we reach the Normal Pension Age minus 10years which we assume will be 60 by then if we assume the state pension age will rise to 70. Given this background, how do I pivot away from 100% equities to a cash flow ladder? My current thinking is to do the following: - 10 year prior to retirement buy a Gilt with a 10 year maturity - do this for following years working my way up the cashflow ladder - I would need to plan for what I would do if the market was down at any point during this period - perhaps something like - if down by >10% in a given year only sell enough equities to cover minimum expenses for the applicable year and hope for a recovery. This would seem like a reasonable hedge between being prepared and missing out on a recovery. Does this sound like a reasonable approach? What other approaches could I consider? I appreciate I wouldn't be acting upon this question til about 2039, ahead of retiring in 2049, but I guess that is a testament to how you have helped me with my financial planning. If you think this is too far out for planning when do you think I should revisit it? Thanks, Dave 21:02 Question 4 Dear Pete and Roger, I've been a faithful listener for some time and yours is one of the best financial podcasts in the UK. Thank you for all your hard work. I've recently read Pete's new book. Gosh, it was not a light read but it was extremely valuable to me. My question is whether it is worth stopping contributions to the NHS pension if the money is needed more now rather than in retirement. Me (34yo) and my husband (43yo) are in an incredibly privileged position where we have 800k pounds in our ISAs (majority) and SIPPs and no debt. I love my NHS job and have no plans to leave it any time soon. My husband couldn't care less for his work. We figured we would like him to retire soon so we can enjoy benefits of having a stay at home dad at home for our child. The problem is, we cannot live off my salary alone and will have to supplement it. I calculated that if he retired in 3 years we would have 3 years worth of cash to cover the shortfall, 5-6 if I have more take home pay due to not contributing to pension. Basically leaving the NHS pension would give us 2 extra years of not having to draw from our investments but would cost circa 1k of guaranteed annual income in retirement for every year of missed contributions, plus benefits - death in service etc. I just wonder if it is worth it for potential returns which are obviously not guaranteed. Based on historical returns, allowing our investments to grow for 8 years will bring us to our FI number (25x annual expense). I feel this would be more valuable then having guaranteed income later in life. To me, being able to take out NHS pension in 34 years is completely abstract. I know you cannot give specific financial advise but I would love to hear your thoughts. Thank you in advance, Jane. 29:04 Question 5 Hi Roger and Pete, Love the podcast and have learnt so much! Thank you! I am 34 and have paid into the teacher's pension (TPS) for the last 8 years. For 5 years, I worked abroad and did not contribute to it. Living back in the UK, I am not sure how much longer I will be a teacher or eventually my school might even withdraw from it and offer a private pension instead. Missing 5 years of my pension whilst away, I did a few years whereby I increased my contributions using faster accrual from 1/57th to 1/45th of my salary, however I wasn't convinced this was actually going to make up for my lost contributions. This tax year, I decided to stop this and have now got back £300 a month into my salary. My question is whether I would be best to pay this £300 into a LISA (already have £1500 in there for my pension) or ditch this and pay it into a SIPP. I want to have access to some money if I retire early before I can access my TPS which I can imagine will be 70 by the time I am older. Thanks in advance. Rachel 32:07 Question 6 Hi Pete (and the fabulous Rodge) Me and my husband both listen to your podcast and absolutely love your content. We've gone from not really having a clue to having more than £50k between investments and savings for the first time this month, and we put it all down to you and your excellent advice. The question I have is about raising our children with good money attitudes. You like to say "your attitudes towards money are set by the time you're 7", and that makes me think about my kids, who are currently 1 and 3. Me and my husband are both second children, and couldn't be more different from our older siblings in terms of money attitudes. Both our older siblings are spenders, and both in significant amounts of bad debt, making what we would consider poor financial choices. On the flip side, we are both savers, sometimes to the point of unhelpfulness, and we've had to do a lot of learning about spending money to enjoy ourselves more in the here and now. Obviously, we've had functionally identical upbringings to our siblings, so I'm not sure what's made us so different, but certainly I never remember having any direct advice from my parents of money management, investing, budgeting ETC. What is your advice on imparting finical wisdom to our offspring? How is it different at 3 to aged 7, for example? What about their early/late teenage years and young adulthood? I haven't told my husband I'm submitting a question, but if he hears this he'll definitely know it was from me so I'll look forward to our conversation later based on your answers! All our best Hannah
Today we interview Mitchell, National VFW Chair, about the new Texas hemp ban. Then we are excited to have Jason Mewes in to discuss his life and shows at cap city. Finally it is Foodie Friday and we invite in Courtland and Kennedy from Sipps on Wheels. We try their incredible catfish tacos and wings. Support the show: https://www.klbjfm.com/mattandbobfm/See omnystudio.com/listener for privacy information.
No matter how much you have to invest, setting good and solid foundations is vital. In this episode, our host Iona Bain is joined by friend of the show and financial adviser Rotimi Merriman Johnson, aka Mr. MoneyJar, to demystify the world of investing. From choosing the investment platform to understanding index funds, stocks and tax-efficient accounts like ISAs and SIPPs, Rotimi shares clear, practical advice without the jargon. They also discuss the psychology of investing, the importance of diversification, and how to stay focused on long-term growth, especially when the markets get bumpy. Get ready to be empowered to take those first steps towards building a future you’ll thank yourself for. You can watch episodes on our YouTube channel And see behind the scenes content on our TikTok and Instagram You can play the podcast and find other useful content on L&G’s website: https://www.legalandgeneral.com/podcasts/a-little-bit-richer Follow Rotimi Merriman-Johnson on Instagram Iona and her guests share their own personal thoughts and opinions in this podcast. These might be different from Legal & General’s take on things. They give financial guidance for a UK audience that’s relevant at the time of recording. It’s general best practice, not the kind of personalised advice you’d get from a financial adviser.See omnystudio.com/listener for privacy information.
This week we answer questions on the loose theme of capital gains tax and investing via General Investment Accounts (GIAs). Spoiler alert - nothing's as simple as it might seem! Shownotes: https://meaningfulmoney.tv/QA11 01:06 Question 1 Whenever a question comes up in our Facebook group about Capital Gains and GIAs (General Investment Accounts) I get a sinking feeling as I do not know much about that type of account, and I don't have one myself. I am not alone. I have gathered questions from our listeners about capital gains, so in this episode Pete & Roger can tell us all about Capital Gains, Dividends, and anything else we need to know about using a GIA, and other situations which involve capital gains tax. 19:03 Question 2 Hi both, I've recently discovered your podcast and have thoroughly enjoyed my commutes listening to you. Personable and informative. I have a question about selling my buy-to-let property that is in my personal name. My mortgage term is ending in June 2026 and I'd like to sell it for one of better quality that has less issues. I'm currently a higher-rate taxpayer but we're planning to start a family in the next year, meaning I'll be on maternity leave for 12 months which will push my salary down to basic-rate. Impossible to plan when I'll get pregnant but it would be useful to know how HMRC calculates my salary (and over what time period) so that I pay basic-rate CGT when selling my buy-to-let? Apologies for a very wordy question! Thanks a lot and best wishes, Winnie 22:17 Question 3 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: In a general investment account (GIA), is it's better to use an income fund to avoid triggering CGT if income is needed (assuming the dividends covers the needs in the short term)? Thanks so much for your wisdom! And keep up the great work on the podcast! :) Best regards, Chloe 26:53 Question 4 Hi Pete, Roger (and Nick who I assume is reading this :-)) I have a question I'd be grateful if you could answer which is around capital gains tax on any shares or funds held outside an ISA/pension. To use an example with higher numbers so that the allowance is used for simplicity: - You have £100k in a GIA - it increases by £10k a year for the first two years; - it's then down £2k in the third - the total value is now £118k - You then want to draw out £10k - How do you work out what capital gains the tax is to be paid on i.e. is the full £10k considered a gain? - Is the withdrawal from the original £100k or from the increase in value i.e. gain? - Would you be better to withdraw up the annual allowance every year and then put it back in to reduce the gain, considering there's no allowance for the impact of inflation? Love the show, keep up the good work in whatever format you decide going forwards - you've made real differences to the way I've managed my investments over the years, especially at scary times like Covid and your book and courses have given my kids the education they need for their long investing lives. Thanks, Dino 36:39 Question 5 Hi Pete & Rodger, I started a deep dive into our overall finances over the Christmas period, to set the picture I am 47, my wife's 42 and we have two children a boy 5 & a girl 3. I received a diagnosis last year which will have a long term impact on my ability to sustain my current level of income & type of work I do. We have a 154k mortgage with 19 years left on the term, with the uncertainty around my health I have decided to target maximum overpayments on the mortgage, this year we can pay 18k extra. My questions are: 1. I plan to save circa 1k per month salary to put into the overpayment pot, I am hopeful that the HL shares will meet past highs and I can use some of that money to top up the salary savings and hit our target. Do I pay tax on the profit I make from selling shares? If it's no more than 3k? I was hopeful I could sell shares annually and withdraw the gains annually, then reinvest in same stock when they dip. I realise that past performance isn't always guaranteed but monitoring since covid the stocks I am invested in are fluctuating from a £15 low to £20 high annually. So looking to sell at £19.5. Is this the best way to use the extra cash at present given the plan to access quickly at times. I have maxed out isa allowance for current FY (2024/25) but will probably pay the 1k per month into an isa in new FY. 2. I am planning to do lump sum overpayment rather than setup monthly, just to give easy access to funds should they be required. I plan to cash in some company SIPPS annually when they aren't taxable (after 5 years) that sum will be on average 1k per year. Will the SIPPS cashed in and gains from HL sales leave me vulnerable to paying capital gains tax? If all goes to plan we could be mortgage free by 2033 approximately and there would be less of a dependency on my salary. Deep down I just want us to be setup financially as best we can with the uncertainty around my health. I would really appreciate your views, love the podcast and it's been a real source of knowledge to me. Best Regards Lee 43:52 Question 6 Hi Pete & Roger, I found your YouTube channel last year and through that the Podcast – both are absolutely fantastic and have helped me and my family so much with many aspects of managing our money and planning our finances. My question relates to if and to what extent capital gains tax can be offset by making SIPP contributions. My wife and I jointly own a buy to let property that we are selling in the new financial year (25/26). When the sale completes, we expect to each have a taxable capital gain of around £30,000. My wife earns around £10k a year from a part time job, therefore most of her gain will be taxable at the lower rate of 18%. For the last couple of years, she has made annual gross SIPP contributions 100% of her earnings (£10,000) which is the maximum gross contribution she can receive basic rate tax relief on. This year, as well as contributing the usual £10,000 gross, (100% of earned income), can she also contribute up to a further £30,000 gross and receive basic rate tax relief on this additional contribution, thus offsetting the CGT paid on the gain from the property sale? If so, with CGT payable at 18% and basic rate tax relief of 20%, contributing the full £30,000 would actually more than offset the CGT (which I fear is too good to be true). If this is the case, is there any other strategy we should be considering to achieve the same or similar outcome? I have really struggled to find definitive guidance around this, so any clarity you can provide will be much appreciated. Many thanks and keep up the great work. Steve
The UK tax year is about to end, and most people know about ISAs and pensions. But how much could you really invest tax-free if you made full use of every allowance? From Junior ISAs and SIPPs to dividend and capital gains allowances, we crunch the numbers to find out how much a typical family can shield from the taxman. And in today's Dumb Question of the Week: What would the ISA allowance be today if it had kept pace with inflation? --- Thank you to Lightyear for sponsoring this episode. Sign up for a new account on Lightyear and receive $10 worth of a US fractional share when you use this link: https://lightyear.com/pensioncraft or enter our special code PENSIONCRAFT manually in the Promotions section. Code conditions: Complete onboarding and fund at least £50 into your General Investment Account after entering the code. The code can only be used if you haven't redeemed any code before. Once all conditions are met, you will be granted $10 worth of a US fractional share of your choice. Capital at risk. Provider of the investment services is Lightyear U.K. Ltd for the UK and Lightyear Europe AS for the EU. Terms apply: https://lightyear.com/terms. Seek qualified advice if necessary. This is not investment advice. ---Get in touch
Alex from @wealthbyAlex joins me on this episode of the podcast to discuss all things pension. This episode really is a 'crash course' in absolutely everything that you need to know about pensions.Alex is extremely knowledgeable on pensions and if you have any type of pension then this episode will be extremely helpful to allow you to cut through the noise and jargon surrounding pensions.Pensions are often misunderstood, but they are one of the best (if not the best) ways to grow our wealth and then retire one day.In this episode we discuss the state pension, defined benefit pensions (DB) and defined contribution pensions (DC). On this last one, these DC pensions include both workplace pensions and SIPPs (self invested personal pensions).We ran through common misconceptions, how to make the most of your pensions, when to consider switching platforms, fees, funds, and a lot, lot more (timestamps below).Listen to the episode for the full details.0:00 - What is a pension3:02 - The 3 types of pension7:27 - Defined benefit (DB) pensions13:32 - How does a workplace pension work23:00 - Common pension misconceptions25:30 - Making the most of your workplace pension32:30 - SIPPs (private/personal pension)37:26 - Moving workplace pension to a SIPP45:32 - Limited companies and pensions46:51 - Stocks & Shares ISAs vs Pensions-----------------------------------------------
Alex from @wealthbyAlex joins me on this episode of the podcast to discuss all things pension. This episode really is a 'crash course' in absolutely everything that you need to know about pensions.Alex is extremely knowledgeable on pensions and if you have any type of pension then this episode will be extremely helpful to allow you to cut through the noise and jargon surrounding pensions.Pensions are often misunderstood, but they are one of the best (if not the best) ways to grow our wealth and then retire one day.In this episode we discuss the state pension, defined benefit pensions (DB) and defined contribution pensions (DC). On this last one, these DC pensions include both workplace pensions and SIPPs (self invested personal pensions).We ran through common misconceptions, how to make the most of your pensions, when to consider switching platforms, fees, funds, and a lot, lot more (timestamps below).Listen to the episode for the full details.0:00 - What is a pension3:02 - The 3 types of pension7:27 - Defined benefit (DB) pensions13:32 - How does a workplace pension work23:00 - Common pension misconceptions25:30 - Making the most of your workplace pension32:30 - SIPPs (private/personal pension)37:26 - Moving workplace pension to a SIPP45:32 - Limited companies and pensions46:51 - Stocks & Shares ISAs vs Pensions-----------------------------------------------
A special podcast all about starting and saving in a pension, including the two pension superpowers that instantly double your investment.Martin is joined by Charlotte Jackson from Money Helper, the free and impartial service giving help with money and pensions. They explain how pensions actually work, and whether you should stay opted to your work place pension. Should you consolidate your pensions? How to start your first pension? Should you start a pension for your child? How to get totally impartial free guidance. Stakeholder pensions versus nest versus SIPPs? How much to save in your pension?If you want to hear more on pensions, then check out our special ‘Not The Martin Lewis Podcast' episodes from July 2024 on this feed.
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/
Carlton Turner is the Co-Director / Co-Founder at Sipp Culture. Based in the rural South, “Sipp Culture” is honoring the history and building the future of their community in Utica, MS. Sipp Culture supports community development from the ground up through cultural production focused on self-determination and agency designed by them and for them. They believe that history, culture, and food affirm their individual and collective humanity. So, they are strengthening our local food system, advancing health equity, and supporting rural artistic voices – while activating the power of story – all to promote the legacy and vision of our hometown. With Carlton we talk about SIPPs mission, current projects and the significance of land, stories, and local food.
Send us a textDamien Fogg is a Chief Financial Officer, chartered Building Surveyor, ex-Financial Advisor and the Author of two amazon best seller books on real estate and investment.He has helped a wide range of clients, from people who have unexpectedly inherited money to those who have built and sold multiple businesses. He does all this in plain English, so he's the perfect guest to help de-mystify investing for the future, and navigate how to legally pay less tax. This episode is part of our series on ‘How to make the most of your money' sponsored by Cohort Invest.We covered:How ‘time in the market' compares with ‘timing the market' (answer: very favourably!)How investors can approach ethical or sustainable investing when they also want to make an attractive returnWhen Robo Advice and Artificial Intelligence actually add value to investorsWhat tax planning isWhat tax wrappers you could and should use, including how SIPPs compare with ISAs in practiceWhat resources and tools to use, from tradingview to YouTubeSponsor website: https://cohortinvest.co.uk/Guest website: https://www.damienfogg.com/investing-made-easy Guest LinkedIn: https://www.linkedin.com/in/damienfogg1/ Host LinkedIn: https://www.linkedin.com/in/annaclareharper/ Host website: https://www.greenresi.com/
In this episode of Money Shorts, we take a look at self-invested personal pensions, or SIPPs and how they give you better control over your savings.Find out more, read Would you be better off with a DIY pension? and sign up for our free monthly Money newsletter.
In this episode, Kimberley Dondo talks with Matt Storey about the impact of the DWP levy on SSAS, highlighting increased costs and alternative strategies for retirement planning. They explore the potential for non-standard assets like cryptocurrencies in SIPPs, the challenges of utilising property in pensions, and how AI can aid advisors in selecting bespoke SIPPs. Matt shares his predictions for significant growth in the SIPP market over the next five years, discusses strategies for rebuilding investor trust, and examines the impact of the FCA's Consumer Duty on SIPP recommendations. Listen now for key insights into the evolving SIPP and SSAS markets:
You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport———————————————————————Welcome to Dentists who Invest! On our latest episode, we're excited to have Veselin Bakturov share his incredible transformation from a dentist in Bulgaria to an investment guru in the UK. As we peel back the layers of a well-crafted investment strategy, you'll gain exclusive insights into how dental professionals can achieve financial prosperity without getting lost in complex jargon. Veselin's journey is not just about endodontics; it's a story of embracing the digital age and the colossal potential of internet platforms for unprecedented economic growth.This week, we're bridging the gap between dentistry and dollars, offering a fresh perspective on managing your riches. Money isn't just currency; it's a product you can strategically invest and grow. Our conversation takes a turn towards the humorous side of wealth management, sharing tales from Veselin's MBA days to underscore the importance of clear financial goals and the role of advisors. Whether you're considering lending shares for shorting or learning the ropes of financial modeling, we have the insights you need to make informed decisions and keep your portfolio thriving through market ups and downs.For those looking to master the art of balancing a diverse portfolio, our discussion with Veselin is pure gold. We tackle the nuances of SIPPs versus ISAs, the NHS pension scheme, and when to seek professional advice. And if you're running a limited company, we've got you covered too, with tactics for profit extraction and asset protection. So, sit back, tune in, and prepare to supercharge your investment knowledge—one laugh and one lesson at a time.
You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport———————————————————————Imagine achieving a life where your work is driven by passion, not necessity, and financial freedom is not just a dream but a lived reality. Julian Keane, a dentist turned financial maestro, joins us to share his remarkable journey from the early days post-dental school to mastering the art of investment. His story is not only inspiring but also a blueprint for how to approach personal finances with the finesse of a seasoned investor, affording him the luxury to prioritize family, personal development, and the joy of practicing dentistry on his terms.Dive headfirst into the world of investing, where the psychological battleground of market swings meets the strategic play of chess. We dissect the importance of emotional stability, as championed by Warren Buffett, and the crucial role of financial education in shaping our investment decisions. It's a candid discussion that will resonate with anyone who's grappled with the emotional rollercoaster of investing, highlighting the transformative power of knowledge and the right mindset to navigate the complex investment landscape. We also peel back the layers on tax-efficient saving tools like ISAs and SIPPs, unlocking the secrets to early retirement and a robust financial foundation that stands the test of time.Wrapping up, we focus on the tangible steps dentists—and indeed any professional—can take to make their money work smarter, not harder. You'll get practical advice on the subtle art of distinguishing between investing and speculating, the wisdom of diversification, and the beauty of simplicity when it comes to growing your wealth. This is an episode that stitches together the intricacies of financial literacy with the personal touch of a community, the 'Dentists who Invest' Facebook group, where like-minded professionals gather to share, grow, and achieve financial freedom. Join Julian and me as we navigate through these waters, offering sailors and seafarers alike the compass you need to chart your own course to financial liberation.
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 of SaaS pensions tailored for UK SME business owners with our expert guest, Paul Barry. Together, we navigate the ins and outs of Small Self-Administered Schemes, a type of pension that hands entrepreneurs the reins, much like they hold in their business ventures. Paul, with his wealth of knowledge, sheds light on the autonomy and strategic investment potential these schemes offer, making it an episode you can't afford to miss if you're looking to take charge of your financial future.Dive into the nitty-gritty of SSAS pensions, as we break down the qualifications and advantages over more traditional pension structures like SIPPs. With the ability to pool resources among up to 11 members, SSAS opens doors to collaborative investments, such as buying business premises. We also scrutinize the recent changes in UK pensionable age and explore how this impacts your access to hard-earned funds. For business owners seeking flexibility in their retirement planning, Paul's insights are the guiding light to navigate these waters.As we wrap up, the horizon is bright with upcoming episodes that promise to delve into the intersection of SaaS and professional fields like dentistry. Paul's expertise paves the way for specialized discussions, revealing how software as a service can revolutionize financial strategies for dental professionals and beyond. Stay tuned and join the journey to discover how a SSAS pension might just be the missing piece in your financial puzzle.
Today we're going to look at some real stories around pension planning, but not your usual run-of-the-mill pension planning! We're going to look at SIPPs and SSASs and how we've used them to move our clients' financial plans forward. Shownotes: https://meaningfulmoney.tv/RS7
House prices will continue to fall, says an influential poll of estate agents. The latest survey by the Royal Institution of Chartered Surveyors found that buyer demand is declining and fewer homes are coming to the market. Meanwhile, Halifax's latest house price figures show a £14,000 drop compared to the recent peak in August 2022 and 4.7 per cent fall in the year to the end of September, the largest since 2009. So, how much further could they fall and are buyers in danger of trying to time the market? Will there be a big pause before a general election next year? Georgie Frost, Simon Lambert and Lee Boyce discuss the age old favourite of house prices. This week has also seen the Bank of England sound the alarm over 35 year mortgages – should we be concerned? Skipton Building Society launches a headline mortgage rate of 3.35 per cent. What's the catch? It comes as its rival Nationwide has new best buy home loan rates. Could mortgage deals continue to fall? And we look at the top up-and-coming areas for first-time buyers: Does your area make the cut? Spoiler: it features Hull, Middlesbrough and Ipswich. DIY investors went on a gilt-buying spree in September - shunning the stock market and savings accounts. The UK government bonds were paying as little as 0.125 per cent last month – so why were they getting involved? Hargreaves Lansdown is launching a basic, no-frills pension for those who want an easy way to invest for retirement but aren't quite sure how to get started. They are the first Sipp provider to give details after regulators said they had to offer customers a 'default' option by the start of December. Will it make Sipps sexy enough to the self-employed? Shrinkflation, bogus loyalty card savings and variable prices in supermarkets... we're fed up with the lot of them. Are you?
We've got a takeover this week! One of our listeners had questions about passing on wealth to her children. So she's joined us for this episode which is expertly hosted by Emily!If you've got questions you would like us to answer, or fancy joining us for an episode, drop Julie an email (julie@breewealthandtax.co.uk) or message her on Instagram.Key areas covered:- Salary, dividends, and pensions in a limited company- Self-invested personal pensions (SIPPs) and commercial property- Nominating beneficiaries and tax implications of pension assets- Junior ISAs: benefits, limits, and investment options- Strategies for giving gifts to children and managing surplus income- Holding shares in public limited companies (PLCs) and potential structuresCan a company pay school fees?GUEST EXPERT: LINDSAY MCINNES is a high energy, international primary health care provider who has a passion for helping people to thrive in life. She decided she wanted to become a chiropractor when she was just 7 years old, after her health and her life drastically changed when she started getting adjusted.Instagram | FacebookYOUR HOSTEmily Pool is a Financial Planner and Will Writer. She is passionate about empowering people to invest their wealth (pensions and savings) sustainably and in line with their personal values. Sara Walker is a financial planner and financial coach with 33 years' experience in financial services. She wants all women to feel financially confident and uses her professional and life experiences to support and educate women over 40 so they in turn feel able to support and be role models for the younger women in their lives. Support the show✅ And if you enjoyed the show, please leave us a review.We genuinely love hearing your questions and feedback. So, email us a voice note womenandmoneycafe@gmail.com or via instagram with your thoughts and suggestions.
On this week's episode of the Companies and Markets Show, Deputy Companies Editor Julian Hofmann takes on the role of host in lieu of Dan Jones.Julian and co cover topics ranging from the US debt ceiling and M&S's results, to all things self-invested personal pensions (Sipps).Will the US default on its debt for the first time in its history, or will they raise the debt ceiling again?Next up it's M&S. How did the retailer keep customers shopping against the background of such a prevalent cost of living crunch? And what's the latest on its partnership with Ocado? Is the grocery company past its prime?And finally, it's on to The IC Guide to Pensions 2023. Our journalists run through the special report compiled by our expert personal finance team, which covers everything from strategies to boost your pension to the best assets to hold in your Sipp.Julian Hofmann is joined by Mark Robinson, Jemma Slingo and Val Cipriani. Hosted on Acast. See acast.com/privacy for more information.
In your time bestriding the narrow world like a Colossus, you might have heard the term, “bearer asset” or “bearer instrument”.That would be an asset that you take physical possession of - cash or bullion, for example - an asset that is effectively owned by whoever has possession of it, that can be transferred from one person to another by just handing it over.The ownership of the asset is not registered with a central authority, so that makes it vulnerable to theft or loss, but it also means the asset is nobody else's liability. Unlike money in the bank or a government bond, it carries no promise from a third party. The value of the asset is thus not dependent on the creditworthiness of any issuer or guarantor, but rather on the inherent value of the asset itself.So, in today's interlinked financial world, a bearer asset becomes an asset outside the system.Like Tottenham Hotspur, bearer assets have their strengths and their weaknesses. Their strength is that they are nobody else's liability. Their weakness is that their liability is yours. The two main bearer assets in today's financial marketplace are gold and bitcoin. Bitcoin rallies as investors seek safety Bitcoin is not a physical asset of course. But the technological genius behind it means that it is a “digital bearer asset”. No such thing previously existed. With bank runs, bail-outs and another banking crisis now upon us, both gold and bitcoin have suddenly fetched a bid. No surprise: they both are means to store value outside of the system. You don't have to rely on third parties. I thought, given everything, we should check in on both today.Here's bitcoin, which, at $28,000, has broken out to 9-month highsIs that a bullish, inverted head-and-shoulders pattern I see before me? I think so. On that basis, what would the target be? The distance from the top of the head (around $15,000) to the shoulder line at c.$25,000 is $10,000 - so you would have a target of around $35,000, perhaps a little higher.Some are even calling out for hyperbitcoinisation: a hypothetical scenario in which the widespread adoption of bitcoin occurs so rapidly that its price rises dramatically and it becomes the dominant form of money in use. In this scenario, bitcoin would be widely accepted by merchants and individuals alike. The term "hyper" refers to the extreme and rapid level of adoption. In a way, it is an inversion of hyperinflation. The fiat system would remain, it wouldn't necessarily collapse, it would just be overtaken and superseded by bitcoin.There are many who believe hyperbitcoinisation is both inevitable and desirable. Bitcoin is better money than fiat. The traditional banking model is dysfunctional and reliant on constant bailouts. One such advocate is billionaire Balaji Srinivasan, who has grown so concerned at the goings-on in US banking, he has made a million-dollar bet that bitcoin will hit $1 million by June 17.The odds are against him. Some are suggesting he is just doing it for the attention. But to be fair to Balaji, he has a good track record spotting trends. I'm a bitcoin bull, but maybe I lack ambition. I can see it getting to $35,000 or $40,000 by June. I'm not so sure about $1 million. But hey, I'll take $1 million dollar bitcoin if it's offered. I've heard this kind of prediction before. You used to hear them all the time about silver. I'm not holding my breath.My rather drab observation is that, after a miserable 2022, tech has suddenly caught a bid. Even Meta's going up. Bond yields have fallen with the banking panic, and suddenly growth stocks look attractive again. Sorry to be so prosaic and unsensationalist. Meanwhile, that other bearer asset, gold has also found a bid, and with it silver and platinum. Gold this week has been flirting with $2,000.The gold price surged after bank collapse My buddy Josh Saul at the Pure Gold Company reports to me that, with the panic at Silicon Valley Bank, his company saw a 385% increase in new enquiries last weekend and a 274% increase in investors purchasing physical gold bars and coins last Monday, compared to its normal daily average. “One client said they are moving £16 million out of their current bank provider owing to fears of instability”, he says.Volatility in the stock market isn't helping either. “This year, we have also seen a 712% increase in people removing exposure to equities and cash in their pensions and SIPPs in order to purchase physical gold bullion in the same vehicle”. My other buddy Ross Norman reports that visitors to his site Metals Daily have risen 763% in a month.Gold is now at all-time highs in almost all currencies, except the US dollar. What do new highs normally lead to?In the short term, gold , breathing down the neck of $2,000, is a little overbought by most sentiment readings. The miners have been quite flat in comparison, which is not a good sign. That suggests the spike is temporary.But longer term I think it goes higher. I have long argued that everybody should have exposure to both gold and bitcoin in their portfolio, and it is crises like this one that demonstrate why.Few people realise that by keeping your money in a bank, you are lending the bank money. The difference between money and credit has become conflated, along with many other things in this mad world. Even Switzerland no longer looks safe. All the same arguments we heard in 2008 are coming back. At the heart of them lie fundamental questions as to the nature of money and banking. Fractional reserve banking, and even full reserve banking, became sujets du jour. The words fiat money entered the lexicon.In 2008 there was a chance to address and put right the fundamental flaws in the system. It was not taken. Bail-outs brushed the problems under the carpet, and left them for another day. The free market meanwhile came out with an alternative, bitcoin. It is now a trillion-dollar economy, and there are no bailouts. With each collapse - there have been plenty and there will be plenty more - the system gets stronger.But with traditional banking, however, the more you bail out the system, the more precarious it becomes. You can't take the risk out of a market. Without risk, you have no market. With risk comes responsibility. Don't blame the players. It's the game that's at fault. If you are interested in buying bitcoin, my guide is here:My current recommended bullion dealer in the UK is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. They deliver to the UK, US, Canada and Europe, or you can store your gold with them. I have affiliation deals with them.An earlier version of this article first appeared at Moneyweek This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe
In your time bestriding the narrow world like a Colossus, you might have heard the term, “bearer asset” or “bearer instrument”.That would be an asset that you take physical possession of - cash or bullion, for example - an asset that is effectively owned by whoever has possession of it, that can be transferred from one person to another by just handing it over.The ownership of the asset is not registered with a central authority, so that makes it vulnerable to theft or loss, but it also means the asset is nobody else's liability. Unlike money in the bank or a government bond, it carries no promise from a third party. The value of the asset is thus not dependent on the creditworthiness of any issuer or guarantor, but rather on the inherent value of the asset itself.So, in today's interlinked financial world, a bearer asset becomes an asset outside the system.Like Tottenham Hotspur, bearer assets have their strengths and their weaknesses. Their strength is that they are nobody else's liability. Their weakness is that their liability is yours. The two main bearer assets in today's financial marketplace are gold and bitcoin. Bitcoin rallies as investors seek safety Bitcoin is not a physical asset of course. But the technological genius behind it means that it is a “digital bearer asset”. No such thing previously existed. With bank runs, bail-outs and another banking crisis now upon us, both gold and bitcoin have suddenly fetched a bid. No surprise: they both are means to store value outside of the system. You don't have to rely on third parties. I thought, given everything, we should check in on both today.Here's bitcoin, which, at $28,000, has broken out to 9-month highsIs that a bullish, inverted head-and-shoulders pattern I see before me? I think so. On that basis, what would the target be? The distance from the top of the head (around $15,000) to the shoulder line at c.$25,000 is $10,000 - so you would have a target of around $35,000, perhaps a little higher.Some are even calling out for hyperbitcoinisation: a hypothetical scenario in which the widespread adoption of bitcoin occurs so rapidly that its price rises dramatically and it becomes the dominant form of money in use. In this scenario, bitcoin would be widely accepted by merchants and individuals alike. The term "hyper" refers to the extreme and rapid level of adoption. In a way, it is an inversion of hyperinflation. The fiat system would remain, it wouldn't necessarily collapse, it would just be overtaken and superseded by bitcoin.There are many who believe hyperbitcoinisation is both inevitable and desirable. Bitcoin is better money than fiat. The traditional banking model is dysfunctional and reliant on constant bailouts. One such advocate is billionaire Balaji Srinivasan, who has grown so concerned at the goings-on in US banking, he has made a million-dollar bet that bitcoin will hit $1 million by June 17.The odds are against him. Some are suggesting he is just doing it for the attention. But to be fair to Balaji, he has a good track record spotting trends. I'm a bitcoin bull, but maybe I lack ambition. I can see it getting to $35,000 or $40,000 by June. I'm not so sure about $1 million. But hey, I'll take $1 million dollar bitcoin if it's offered. I've heard this kind of prediction before. You used to hear them all the time about silver. I'm not holding my breath.My rather drab observation is that, after a miserable 2022, tech has suddenly caught a bid. Even Meta's going up. Bond yields have fallen with the banking panic, and suddenly growth stocks look attractive again. Sorry to be so prosaic and unsensationalist. Meanwhile, that other bearer asset, gold has also found a bid, and with it silver and platinum. Gold this week has been flirting with $2,000.The gold price surged after bank collapse My buddy Josh Saul at the Pure Gold Company reports to me that, with the panic at Silicon Valley Bank, his company saw a 385% increase in new enquiries last weekend and a 274% increase in investors purchasing physical gold bars and coins last Monday, compared to its normal daily average. “One client said they are moving £16 million out of their current bank provider owing to fears of instability”, he says.Volatility in the stock market isn't helping either. “This year, we have also seen a 712% increase in people removing exposure to equities and cash in their pensions and SIPPs in order to purchase physical gold bullion in the same vehicle”. My other buddy Ross Norman reports that visitors to his site Metals Daily have risen 763% in a month.Gold is now at all-time highs in almost all currencies, except the US dollar. What do new highs normally lead to?In the short term, gold , breathing down the neck of $2,000, is a little overbought by most sentiment readings. The miners have been quite flat in comparison, which is not a good sign. That suggests the spike is temporary.But longer term I think it goes higher. I have long argued that everybody should have exposure to both gold and bitcoin in their portfolio, and it is crises like this one that demonstrate why.Few people realise that by keeping your money in a bank, you are lending the bank money. The difference between money and credit has become conflated, along with many other things in this mad world. Even Switzerland no longer looks safe. All the same arguments we heard in 2008 are coming back. At the heart of them lie fundamental questions as to the nature of money and banking. Fractional reserve banking, and even full reserve banking, became sujets du jour. The words fiat money entered the lexicon.In 2008 there was a chance to address and put right the fundamental flaws in the system. It was not taken. Bail-outs brushed the problems under the carpet, and left them for another day. The free market meanwhile came out with an alternative, bitcoin. It is now a trillion-dollar economy, and there are no bailouts. With each collapse - there have been plenty and there will be plenty more - the system gets stronger.But with traditional banking, however, the more you bail out the system, the more precarious it becomes. You can't take the risk out of a market. Without risk, you have no market. With risk comes responsibility. Don't blame the players. It's the game that's at fault. If you are interested in buying bitcoin, my guide is here:My current recommended bullion dealer in the UK is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. They deliver to the UK, US, Canada and Europe, or you can store your gold with them. I have affiliation deals with them.An earlier version of this article first appeared at Moneyweek This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe
LISAs vs SIPPS with Jon Doyle DWI-EP116This content references an opinion only and is purely for information purposes. It is not intended for investment advice. Any and all liability for any exchange of money ends with oneself. Please seek the advice of an accredited professional for investment advice. All content represents an opinion only.
An update on how the Consumer Duty impacts personal pension schemes, including SIPPs. In this episode Jen Green, Principal Associate in our pensions team joins Claire Carroll to discuss further guidance from the FCA on pensions and investments, additional considerations for schemes with Non Standard Investments (NSIs) and future developments (expected over the next 12-18 months) to look out for.
Greiner Auto Body of Washington, Iowa and Car Doctor of Washington, Iowa, present Southeast Iowa Today. John Bain interviews Tina Conwell, co-owner of JT S;ps For the Soul, a mobile coffee shop. The semi colon in Sipps stands for starting over, my life's not done yet and Mental Health Awareness.
The topics, stocks and shares mentioned/discussed include: A winning 21 bagger investment FTSE 100 continued bounce FTSE All-Share AIM All-Share Scottish Mortgage Trust / SMT FundSmith 3i Group / III Pantheon International / PIN Oakley Capital Investments / OCI AstraZeneca / AZN Lloyds Banking Group / LLOY Strix Group / KETL Home REIT / HOME / Viceroy Research bear market raid Tritax Eurobox / EBOX Triple Point Social Housing REIT / SOHO Supermarket Income REIT / SUPR HG Capital Trust / HGT Marks & Spencers / MKS Bitcoin / Cryptocurrency Metaverse ISA / #Pensions Consolidating #SIPPs B2B Vs B2C Charity Taking profits Private Equity Berkshire Hathaway Cathie Wood ETFs Investment Trusts Diversification IPOs Psychology / Struggling to Sell Investing lessons/ mistakes Investing Trading & more The Twin Petes Challenge 2022 / Charity fundraise for the BACK UP Charity Menphys Christmas List Charity Appeal : Please make a donation, every pound will help. Thank you. The Twin Petes Investing podcasts will be linked to and written about on the Conkers3 website and also on the WheelieDealer website . Thank you for reading this article and listening to this podcast, we hope you enjoyed it. Please share this article with others that you know will find it of interest. PLEASE SUBSCRIBE TO THE TWIN PETES INVESTING PLATFORM THAT YOU ARE LISTENING TO THIS PODCAST ON. THANK YOU.
This episode is for all my UK homies! Are you tired of seeing all the US information on how to invest and have ever wondered-- but Clo Bare what about ME?! Well, I've got you covered. Timi from Mr. Money Jar is popping on to talk about ISAs, SIPPs, and more!Follow Mr. Money Jar on Instagram @mrmoneyjar Find him at mrmoneyjar.comFind me on social media at @clobaremoneycoachPlease rate and subscribe to support this channel!Grab your free money guide here: https://www.thelazyinvestorscourse.com/guideJoin Clo Bare for a free investing class here: https://www.thelazyinvestorscourse.com/webinar TERMS AND CONDITIONS
hey squiddies what's good squid here doing some Sipps and being sass with Lisa from the sass and Sipps podcast where our chats consist of Sickel and Ebert binge watching Tootie and her roller skates also why aren't kids these days roller skating nowadays? also, the Beatles and the quarry men and much more check out the link for more content https://linktr.ee/Ta2squidpodcast and also check out Lisa website https://www.sassnsips.com/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/ta2squidpodcast/support
In the final episode of series two, Gabby meets adventurer and author Alastair Humphreys. A National Geographic Adventurer of the Year, Alastair's many outdoor escapades include cycling round the world, rowing the Atlantic and walking across India, but he has also won acclaim for his pioneering work on the concept of cheaper, simpler, closer-to-home microadventures. He spends his time encouraging people to live more adventurously… but is his enterprising and often daring spirit reflected in his approach to money matters? It has certainly helped being married to an accountant, with whom he has two children. Among stories from his many adventures, he tells Gabby how he has become a self-confessed money geek after years of ignoring his finances, how he funded a four-year trip around the world with just £7,000, and how he managed to get a pizza delivered in the middle of Alaska. Subscribe to the show for free to and listen to other episodes from this series and series one, which featured Richard Curtis, Rachel Riley and Anthony Scaramucci. The ii Family Money Show is brought to you by interactive investor (ii). This episode was recorded in March 2022 and is also available as a vodcast on the interactive investor YouTube channel. Follow interactive investor: Twitter @ii_couk Facebook /weareii Instagram @interactive_investor Follow Gabby: Twitter @GabbyLogan Instagram @gabbylogan Important information: This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
In the final episode of series two, Gabby meets adventurer and author Alastair Humphreys. A National Geographic Adventurer of the Year, Alastair's many outdoor escapades include cycling round the world, rowing the Atlantic and walking across India, but he has also won acclaim for his pioneering work on the concept of cheaper, simpler, closer-to-home microadventures. He spends his time encouraging people to live more adventurously… but is his enterprising and often daring spirit reflected in his approach to money matters? It has certainly helped being married to an accountant, with whom he has two children. Among stories from his many adventures, he tells Gabby how he has become a self-confessed money geek after years of ignoring his finances, how he he funded a four-year trip around the world with just £7,000, and how he managed to get a pizza delivered in the middle of Alaska. Subscribe to the show for free to and listen to other episodes from this series and series one, which featured Richard Curtis, Rachel Riley and Anthony Scaramucci. The ii Family Money Show is brought to you by interactive investor (ii). This episode was recorded in March 2022 and is also available as a vodcast on the interactive investor YouTube channel. Follow interactive investor:Twitter @ii_coukFacebook /weareiiInstagram @interactive_investor Follow Gabby:Twitter @GabbyLoganInstagram @gabbylogan Important information:This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
A government U-turn has seen a windfall tax finally imposed on oil and gas companies, but what are the implications for investors? Also retail writer Madeleine Taylor joins the show to take a deep dive into M&S as the 'result of the week', and the IC's resident personal finance guru Leonora Walters talks through the magazine's feature on SIPPS.Dan Jones hosts Alex Newman, Mark Robinson, Madeleine Taylor, and Leonora Walters See acast.com/privacy for privacy and opt-out information.
Dame Jayne-Anne Gadhia is widely regarded as one of Britain's most successful bankers but, as she tells Gabby, didn't always plan a career in finance. Jayne-Anne helped Sir Richard Branson set up Virgin Money and as CEO steered the company through takeovers, a stock market float and eventual sale. She currently chairs the HMRC Board and, in 2020, launched Snoop, a money management app designed to help people become savvier with their spending and saving. Until last year, she was the Government's Women in Finance Champion and was made a Dame in the 2019 Honours list. She met husband Ashok during freshers' week at university and the couple have a daughter together. Jayne-Anne reveals why her mum took charge of the family finances growing up, what life is like working for Sir Richard and why she's always tried to make a positive difference when making big decisions at work. Subscribe to the show for free to make sure you don't miss next week's episode, featuring adventurer Alastair Humphreys. The ii Family Money Show is brought to you by interactive investor (ii). This episode was recorded in April 2022 and is also available as a vodcast on the interactive investor YouTube channel. Follow interactive investor: Twitter @ii_couk Facebook /weareii Instagram @interactive_investor Follow Gabby: Twitter @GabbyLogan Instagram @gabbylogan Important information: This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
Dame Jayne-Anne Gadhia is widely regarded as one of Britain's most successful bankers but, as she tells Gabby, didn't always plan a career in finance. Jayne-Anne helped Sir Richard Branson set up Virgin Money and as CEO steered the company through takeovers, a stock market float and eventual sale. She currently chairs the HMRC Board and, in 2020, launched Snoop, a money management app designed to help people become savvier with their spending and saving. Until last year, she was the Government's Women in Finance Champion and was made a Dame in the 2019 Honours list. She met husband Ashok during freshers' week at university and the couple have a daughter together. Jayne-Anne reveals why her mum took charge of the family finances growing up, what life is like working for Sir Richard and why she's always tried to make a positive difference when making big decisions at work. Subscribe to the show for free to make sure you don't miss next week's episode, featuring adventurer Alastair Humphreys. The ii Family Money Show is brought to you by interactive investor (ii). This episode was recorded in April 2022 and is also available as a vodcast on the interactive investor YouTube channel. Follow interactive investor:Twitter @ii_coukFacebook /weareiiInstagram @interactive_investor Follow Gabby:Twitter @GabbyLoganInstagram @gabbylogan Important information:This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
Mayor of Greater Manchester Andy Burnham is Gabby's guest on the pod this week. Andy became the Member of Parliament for Leigh in 2001 and served as both Culture Secretary and Health Secretary under Gordon Brown. Previously, he was Chief Secretary to the Treasury during one of the most turbulent times for the world's financial markets. In 2017 he left Westminster to successfully run for the new role of mayor of Greater Manchester, and was re-elected for a second term last year. Described unofficially by some as the ‘King of the North', the married dad-of-three has been a vocal advocate for the north of England, holding the government to account over its levelling-up agenda in particular. He tells Gabby why financial education should form part of a “curriculum for life” in schools, how Labour's defeat in the 1992 General Election motivated him to pursue a career in politics, and why his children go to their mum for money advice rather than him. Subscribe to the show for free to make sure you don't miss next week's episode, featuring the former chief executive of Virgin Money, Dame Jayne-Anne Gadhia. The ii Family Money Show is brought to you by interactive investor (ii). This episode was recorded in April 2022 and is also available as a vodcast on the interactive investor YouTube channel. Follow interactive investor: Twitter @ii_couk Facebook /weareii Instagram @interactive_investor Follow Gabby: Twitter @GabbyLogan Instagram @gabbylogan Important information: This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
Mayor of Greater Manchester Andy Burnham is Gabby's guest on the pod this week. Andy became the Member of Parliament for Leigh in 2001 and served as both Culture Secretary and Health Secretary under Gordon Brown. Previously, he was Chief Secretary to the Treasury during one of the most turbulent times for the world's financial markets. In 2017 he left Westminster to successfully run for the new role of mayor of Greater Manchester, and was re-elected for a second term last year. Described unofficially by some as the ‘King of the North', the married dad-of-three has been a vocal advocate for the north of England, holding the government to account over its levelling-up agenda in particular. He tells Gabby why financial education should form part of a “curriculum for life” in schools, how Labour's defeat in the 1992 General Election motivated him to pursue a career in politics, and why his children go to their mum for money advice rather than him. Subscribe to the show for free to make sure you don't miss next week's episode, featuring the former chief executive of Virgin Money, Dame Jayne-Anne Gadhia. The ii Family Money Show is brought to you by interactive investor (ii). This episode was recorded in April 2022 and is also available as a vodcast on the interactive investor YouTube channel. Follow interactive investor:Twitter @ii_coukFacebook /weareiiInstagram @interactive_investor Follow Gabby:Twitter @GabbyLoganInstagram @gabbylogan Important information:This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
Sarah Willingham originally planned a career in finance before making her fortune in food. Growing up in Stoke, the entrepreneur and former Dragon on the BBC's Dragons' Den started her first paper round at the age of 11, then took her first steps in the restaurant trade aged just 13. From there she went on to work for Pizza Express and Planet Hollywood, and then turned Indian restaurant chain Bombay Bicycle Club into a multi-million-pound business. She also, along with her husband, built and then floated the nutraceutical company NutraHealth on the London Stock Exchange. After starting a family, she then totally changed the way she worked, pulling back from managing her businesses day-to-day so she could achieve a better work-life balance and spend more time with her four children. Sarah tells Gabby about who gave her confidence early in her career, how she vowed to take a break from media commitments just hours before being offered a role on Dragons' Den, and why she and her husband let their children control the daily budget on their family gap year. Subscribe to the show for free to make sure you don't miss next week's episode, featuring the Mayor of Greater Manchester, Andy Burnham. The ii Family Money Show is brought to you by interactive investor (ii). This episode was recorded in February 2022 and is also available as a vodcast on the interactive investor YouTube channel. Follow interactive investor: Twitter @ii_couk Facebook /weareii Instagram @interactive_investor Follow Gabby: Twitter @GabbyLogan Instagram @gabbylogan Important information: This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
Greg Jackson is the founder and chief executive of Octopus Energy, one of the UK's fastest-growing energy companies. Before building Octopus, which is now valued at more than a billion pounds, Greg enjoyed a hugely successful career in the world of digital start-ups as both an investor and manager. He's also been a member of Greenpeace since the age of 16, and is well known for believing passionately in the benefits of a good work-life balance both for himself and his staff. Greg talks to Gabby about the current energy and cost-of-living crises, why he is investing in renewables, and how having the family home cut off as a youngster has inspired him in his working life. Subscribe to the show for free to make sure you don't miss next week's episode, featuring entrepreneur and former Dragon's Den star Sarah Willingham. The ii Family Money Show is brought to you by interactive investor (ii). This episode was recorded in March 2022 and is also available as a vodcast on the interactive investor YouTube channel. Follow interactive investor: Twitter @ii_couk Facebook /weareii Instagram @interactive_investor Follow Gabby: Twitter @GabbyLogan Instagram @gabbylogan Important information: This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
Series 2 kicks off with Gabby Logan speaking to author, political strategist and podcaster Alastair Campbell. Having started out as a journalist, Alastair is best known for his six-year stint as former British Prime Minister Tony Blair's director of communications, previously serving as his press secretary while in Opposition. Despite returning briefly as an adviser to Gordon Brown and Ed Miliband, Alastair left frontline politics behind in 2003 to focus on his partner Fiona and their three children, alongside writing and raising awareness about mental health issues, drawing on his own personal experiences to help others. Among insight from his political career, he tells Gabby about his lifelong fear of financial insecurity, how he made a fortune busking round Europe, and the reason Fiona takes the money reins at home – and why he thinks Gordon Brown's wife does the same. Subscribe to the show for free to make sure you don't miss next week's episode, featuring Octopus Energy founder and CEO Greg Jackson. The ii Family Money Show is brought to you by interactive investor (ii). This episode was recorded in March 2022 and is also available as a vodcast on the interactive investor YouTube channel. Follow interactive investor: Twitter @ii_couk Facebook /weareii Instagram @interactive_investor Follow Gabby: Twitter @GabbyLogan Instagram @gabbylogan Important information: This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
Tara from @allourbestintentions joined me on this podcast episode to discuss SIPPs. A SIPP, or Self Invested Personal Pension, is one option available for us in the UK to invest for the long-term. These differ to Workplace Pensions (which is what I currently have), so we first started by talking about the difference between the two. Tara then talked us through how the pension tax relief works, as well as the basics of what SIPPs are and who they are for. We also discussed the various SIPP providers that are available for us in the UK and gave some tips to help people decide which is the best provider for themselves. Listen to the podcast for full details! -----------------------------------------------
Rob is with James Hadley who specialises exclusively in pensions for property investors and is the author of ‘The Power of Pensions'. They discuss how the right type of pension can be used effectively as a tool within your business and why it's vital to seek advice from an expert to make sure you are getting advice that is accurate and tailored to suit your needs. Many business people remain unaware of the power of pensions as a financial tool in any business and James shares the difference between traditional pension schemes, SSIPS and SSAS's in this informative episode that will help any business owner look at their pension in a new light. Sign Up For MSOPI Here: https://bit.ly/msopi-nomad KEY TAKEAWAYS You should take control of your own pension and your own destiny. Most people want to create financial freedom and a legacy Property is a get rich slowly strategy When someone is within a traditional managed pension scheme if something goes wrong there is often a safety net. When people move into SIPPs and SSAS they are responsible for their own investment decisions. If you spend enough time analysing the problem there is always a solution. There are a number of differences between a SIPP and a SSAS Self-invested personal pension (SIPP) an occupational scheme with everyone having their own sub-trust and own asset pool, it is run by an FCA regulated trustee. A SSAS is an occupational pension scheme set up by an employer and each SSAS is individually registered. There is not always a regulated trustee in place. Everyone's situation is different and as long as the person can make sense of their own decisions then this is all that matters. Until people have in excess of £50,000 then a SSAS is usually not a good option. BEST MOMENTS ‘Property investors are typically keen on self-development so they are usually good at researching what they are doing' ‘I see tax payable as a drain on cash flow' ‘We focus exclusively on pensions for property investors' VALUABLE RESOURCES The Property Nomads Website https://podcasts.apple.com/gb/podcast/the-property-nomads-podcast/id1440016017 The Property Nomads - Stitcher Buy To Let: How To Get Started – By Rob Smallbone (Amazon) 101 Top Property Tips Rob Smallbone, Aaron Devoy James Hadley LinkedIn https://www.amazon.co.uk/Power-Pensions-Secure-financial-powerful-ebook/dp/B089G45LKF ABOUT THE HOST Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom? Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business and life and to inspire you to achieve your goals, dreams and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon. Buckle up, sit tight and enjoy the ride that is life. CONTACT METHOD Facebook Instagram Twitter YouTube See omnystudio.com/listener for privacy information.
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