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Money to the Masses
United Kingdom
Приєднався 21 лип 2016
Welcome to the Money to the Masses UA-cam channel.
Money to the Masses helps over 4 million people a year with information and guidance on all areas of personal finance including investing, pensions, savings, taxation, property and insurance.
Damien Fahy, founder of Money to the Masses, has 20 years of experience in the financial advice sector and founded MoneytotheMasses.com in 2010 to help consumers, who are not able to afford financial advice, through the minefield of personal finance.
Damien runs two of the most popular money/investment podcasts in the UK, he invests his own money live on the site via 80-20 Investor, a support tool which helps DIY investors run their own money and recently launched Damien's Money MOT, a tool designed to help you shape up your finances.
Money to the Masses helps over 4 million people a year with information and guidance on all areas of personal finance including investing, pensions, savings, taxation, property and insurance.
Damien Fahy, founder of Money to the Masses, has 20 years of experience in the financial advice sector and founded MoneytotheMasses.com in 2010 to help consumers, who are not able to afford financial advice, through the minefield of personal finance.
Damien runs two of the most popular money/investment podcasts in the UK, he invests his own money live on the site via 80-20 Investor, a support tool which helps DIY investors run their own money and recently launched Damien's Money MOT, a tool designed to help you shape up your finances.
Podcast Ep 471 - Investing in physical gold, last-minute holiday T&Cs and Teacher discounts
In this week's episode, Damien discusses the pros and cons of investing in physical gold, including fractional gold coins and the storage options with the Royal Mint. Damien also explains what you need to look out for in the T&Cs when booking a last-minute holiday. Finally, Andy explains how teachers can now take advantage of the discounts and rewards that are on offer via the Blue Light card
Check out this week's podcast article on the Money to the Masses website to see the full list of resources from this week's show - moneytothemasses.com/news/podcast/mttm-podcast-episode-471
00:00 - Podcast episode 471
04:54 - Investing in physical gold
13:45 - Last-minute holiday T&Cs
24:47 - Teacher discounts via the Blue Light Card
28:27 - Follow us on all our socials
Support the podcast: You can now support the MTTM podcast by visiting our dedicated podcast page (moneytothemasses.com/podcast) when making any financial decision.
You may already compare products and services online and make purchases but by doing so via our dedicated page you might not only save money but could also earn cashback or take advantage of exclusive offers for MTTM listeners. Every time you use a link on the page we may earn a small amount of money for our podcast. We only use affiliate links that give you an identical (or better) deal than going direct. Thank you for being an incredible part of our community. Your support means the world to us.
Support the show by visiting and bookmarking our dedicated podcast page:
Money to the Masses Dedicated Podcast Page (moneytothemasses.com/podcast) - Click to support the show.
Resources:
Links referred to in the podcast:
Support the podcast and visit our dedicated podcast deals page - moneytothemasses.com/podcast
Free trial of 80-20 Investor - moneytothemasses.com/become-an-80-20-investor
Sign up to the Money to the Masses weekly newsletter - moneytothemasses.com/weekly-newsletter
Gold from The Royal Mint - www.royalmint.com/shop/gold/
DigiGold from The Royal Mint - www.royalmint.com/digital-investments/digigold/
Does travel insurance cover wildfires? - moneytothemasses.com/quick-savings/insurance-2/travel-insurance/does-travel-insurance-cover-wildfires
Car hire excess insurance - moneytothemasses.com/quick-savings/motoring-quick-savings/the-cheaper-alternative-to-the-holiday-car-hire-companys-excess-waiver-policy-money-tip-139
Blue Light Card extended to Teachers - moneytothemasses.com/news/teachers-can-now-access-blue-light-card-rewards-how-to-sign-up
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Since 2010 Money to the Masses has been helping people with their personal finances for FREE. Money to the Masses is one of the UK’s leading independent personal finance websites specialising in all aspects of financial planning including investments, pensions, property, insurance, mortgages, budgeting and saving. We bring together expertly written content, interactive tools and technology to help over 4 million people a year across our platform.
If you are looking to get your finances in shape then check out Damien's FREE Money MOT at mot.moneytothemasses.com/
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Follow Money to the Masses on social media:
Website - moneytothemasses.com/
Facebook - moneytothemasses
Instagram - moneytothemasses
Twitter - money2themasses
#personalfinance #moneytips #moneypodcast
Check out this week's podcast article on the Money to the Masses website to see the full list of resources from this week's show - moneytothemasses.com/news/podcast/mttm-podcast-episode-471
00:00 - Podcast episode 471
04:54 - Investing in physical gold
13:45 - Last-minute holiday T&Cs
24:47 - Teacher discounts via the Blue Light Card
28:27 - Follow us on all our socials
Support the podcast: You can now support the MTTM podcast by visiting our dedicated podcast page (moneytothemasses.com/podcast) when making any financial decision.
You may already compare products and services online and make purchases but by doing so via our dedicated page you might not only save money but could also earn cashback or take advantage of exclusive offers for MTTM listeners. Every time you use a link on the page we may earn a small amount of money for our podcast. We only use affiliate links that give you an identical (or better) deal than going direct. Thank you for being an incredible part of our community. Your support means the world to us.
Support the show by visiting and bookmarking our dedicated podcast page:
Money to the Masses Dedicated Podcast Page (moneytothemasses.com/podcast) - Click to support the show.
Resources:
Links referred to in the podcast:
Support the podcast and visit our dedicated podcast deals page - moneytothemasses.com/podcast
Free trial of 80-20 Investor - moneytothemasses.com/become-an-80-20-investor
Sign up to the Money to the Masses weekly newsletter - moneytothemasses.com/weekly-newsletter
Gold from The Royal Mint - www.royalmint.com/shop/gold/
DigiGold from The Royal Mint - www.royalmint.com/digital-investments/digigold/
Does travel insurance cover wildfires? - moneytothemasses.com/quick-savings/insurance-2/travel-insurance/does-travel-insurance-cover-wildfires
Car hire excess insurance - moneytothemasses.com/quick-savings/motoring-quick-savings/the-cheaper-alternative-to-the-holiday-car-hire-companys-excess-waiver-policy-money-tip-139
Blue Light Card extended to Teachers - moneytothemasses.com/news/teachers-can-now-access-blue-light-card-rewards-how-to-sign-up
---------------------------------------------------------------------------
Since 2010 Money to the Masses has been helping people with their personal finances for FREE. Money to the Masses is one of the UK’s leading independent personal finance websites specialising in all aspects of financial planning including investments, pensions, property, insurance, mortgages, budgeting and saving. We bring together expertly written content, interactive tools and technology to help over 4 million people a year across our platform.
If you are looking to get your finances in shape then check out Damien's FREE Money MOT at mot.moneytothemasses.com/
---------------------------------------------------------------------------
Follow Money to the Masses on social media:
Website - moneytothemasses.com/
Facebook - moneytothemasses
Instagram - moneytothemasses
Twitter - money2themasses
#personalfinance #moneytips #moneypodcast
Переглядів: 93
Відео
Interest rates latest market predictions - August 2024
Переглядів 430День тому
See our regularly updated article on the market's latest predictions -moneytothemasses.com/owning-a-home/interest-rate-forecasts/latest-interest-rate-predictions-when-will-rates-rise On 1st August 2024 the Bank of England (BOE) cut the base rate by a quarter of a percentage point to 5.00%, the first interest rate cut in over four years. In this video, I reveal the market’s latest predictions on...
Podcast Ep 469 - Apps scams & what the Bank of England rate cut means for your money & investments
Переглядів 24914 днів тому
In this week's podcast, Damien and Andy discuss the recent interest rate cut by the Bank of England and its impact on savers, borrowers, and investors. They also explore the different phases of the interest rate cycle and how it affects various sectors of the stock market. Additionally, they highlight the importance of being cautious when downloading apps, particularly counterfeit apps that can...
Podcast Ep 468 - When to review your portfolio, cost of pension advice & tip to sleep better
Переглядів 23621 день тому
In this week's podcast Damien discusses the optimal frequency for reviewing and updating an investment portfolio. Damien and Andy then discuss when to seek financial advice, particularly for pensions, including the benefits and typical costs of pension advice. Finally, Damien reveals how regularly saving money, even small amounts, can help improve sleep quality and overall well-being. Check out...
Freetrade Review Update 2024
Переглядів 22121 день тому
In this independent Freetrade review update I explain what Freetrade is, its key features, as well as compare the Freetrade plans available, the pros and cons of Freetrade and Freetrade customer reviews. I also highlight the alternatives such as Trading 212, Plum, eToro and Moneybox. *All accounts and rates quoted are correct at date of filming (23rd July 2024). Check out our full review below ...
Is the Trump trade back? | Damien's Investment Market Update
Переглядів 11621 день тому
In this episode, I discuss how the US election is causing volatility in investment markets and what could take shape over the coming months. Podcasts referenced in this month's show: moneytothemasses.com/news/podcast/mm-173 My name is Damien Fahy, founder of moneytothemasses.com/ and each week I discuss what is happening in investment markets so that DIY and novice investors can make sense o...
Podcast Ep 467 - Post-election finances, important money steps & when to renew car insurance
Переглядів 266Місяць тому
On this week's episode Damien discusses the potential impact of Labour's landslide victory on your finances, including potential changes to taxes and renters' rights. Damien also explores the benefits of making small, positive changes to your personal finances. Finally, Andy reveals the best time to renew your car insurance in order to save money. Check out this week's podcast article on the Mo...
The Best UK Mortgage Rates Revealed - Summer 2024
Переглядів 1,1 тис.Місяць тому
In this video, I talk you through our regularly updated article showing you the best mortgage rates available in the UK. I reveal the best fixed-rate mortgage deals as well as the best tracker rate mortgage deals. * All rates quoted are correct at date of filming (11th July 2024). For the latest best rates, check out our regularly updated article below: moneytothemasses.com/owning-a-home/mortga...
Best Bank Account Switching Offers - July 2024
Переглядів 279Місяць тому
Best Bank Account Switching Offers - July 2024
Podcast Ep 466 - Investing in Nvidia, Debt to income ratios & funding later life care
Переглядів 154Місяць тому
Podcast Ep 466 - Investing in Nvidia, Debt to income ratios & funding later life care
Podcast Ep 465 - How to get on the property ladder, LayBuy turmoil & flight compensation rules
Переглядів 129Місяць тому
Podcast Ep 465 - How to get on the property ladder, LayBuy turmoil & flight compensation rules
Interest rates latest market predictions - Summer 2024
Переглядів 702Місяць тому
Interest rates latest market predictions - Summer 2024
Podcast Ep 464 - Funding private healthcare, unforeseen risks & time to fix your energy?
Переглядів 242Місяць тому
Podcast Ep 464 - Funding private healthcare, unforeseen risks & time to fix your energy?
Political shockwaves | Damien's Investment Market Update
Переглядів 115Місяць тому
Political shockwaves | Damien's Investment Market Update
Podcast Ep 463 - Cheapest stock markets 2024, overdraft changes & car insurance must-knows
Переглядів 5422 місяці тому
Podcast Ep 463 - Cheapest stock markets 2024, overdraft changes & car insurance must-knows
What is going to happen to house prices in the UK? - Summer 2024
Переглядів 7392 місяці тому
What is going to happen to house prices in the UK? - Summer 2024
Best Credit Cards - Summer 2024 (UK)
Переглядів 6 тис.2 місяці тому
Best Credit Cards - Summer 2024 (UK)
Best Savings Accounts in the UK - Summer 2024
Переглядів 5 тис.2 місяці тому
Best Savings Accounts in the UK - Summer 2024
Podcast Ep 462 - Phone theft advice, best performing funds & life insurance oversight
Переглядів 2242 місяці тому
Podcast Ep 462 - Phone theft advice, best performing funds & life insurance oversight
Podcast Ep 461 - Election impact on the stock market, New energy price cap & Event refunds
Переглядів 982 місяці тому
Podcast Ep 461 - Election impact on the stock market, New energy price cap & Event refunds
Ep 461 - Election impact on the stock market, New energy price cap & Festival/Concert refunds
Переглядів 1892 місяці тому
Ep 461 - Election impact on the stock market, New energy price cap & Festival/Concert refunds
Podcast Ep 460 - Home swapping, Zero spend months & Interest rate forecasts
Переглядів 602 місяці тому
Podcast Ep 460 - Home swapping, Zero spend months & Interest rate forecasts
Greed is back | Damien's Market Update
Переглядів 1832 місяці тому
Greed is back | Damien's Market Update
Greed is back - Damien's Market Update
Переглядів 1322 місяці тому
Greed is back - Damien's Market Update
Ep 460 - Home swapping, zero spend months & interest rate forecasts
Переглядів 1073 місяці тому
Ep 460 - Home swapping, zero spend months & interest rate forecasts
Podcast Ep 459 - Share buybacks explained, Ways to help children financially & Energy bill cycles
Переглядів 703 місяці тому
Podcast Ep 459 - Share buybacks explained, Ways to help children financially & Energy bill cycles
Ep 459 - Share buybacks explained, alternative ways to help children financially & understanding ...
Переглядів 1283 місяці тому
Ep 459 - Share buybacks explained, alternative ways to help children financially & understanding ...
The app is buggy
My spouse is not a British citizen, I’m assuming that she is still entitled to IHT free inheritance up to the ceiling values. Is this correct ?
One £ monthly fee = no
Worst bank ever😒
concisely presented and very helpful! Thank you
Thanks Jess - glad you found it helpful! 🙂
Did MoneyBox deduct any money from your LISA for account management etc???
Would steer clear of Aviva! They charge you more if you take non advice and are very restrictive in the way you can take drawdown. They pretty much force you down taking advice and all the lovely costs that involves. Disgusting.
Hello pls I need to know the best bank switch offer for August. Thanks
Hi, We update our best bank switching offers article every month - here is the latest for August -moneytothemasses.com/saving-for-your-future/best-current-account-switch-offers-and-incentives
Dear Damien, Thank you for providing the information. I am currently looking to build my credit score to qualify for a property purchase. Despite having a salary of £27,500, my applications for M&S, Barclaycard, and Tesco Bank have been declined. Could you please provide guidance on how I can improve my credit score and increase my eligibility for credit cards? Thank you very much for your assistance. Best regards, Iman
Hi Iman, We have quite a few articles on our website, including information on how to build your credit score. I'll post links to them below. As you've been declined for a number of credit cards already, I would recommend that you use an eligibility checker because further declined applications will only exacerbate the issue. A credit card eligibility checker is a way of checking to see what credit cards you are likely to be eligible for. An online tool can show the different cards you are most likely to be accepted for, including some that you may be 'pre-approved' for, though this will still require a credit check. You will have an idea of your chances of having a successful application without having to go through the process of fully applying for the credit card. The eligibility checker will run a 'soft' search on your credit file to get information on your financial situation without leaving a mark that will show up on future checks. You can therefore use an eligibility checker as often as you like without your credit score being affected, which wouldn’t be the case if you applied for a series of different credit cards instead. I'd suggest that you take a break before applying again. Credit card providers will see the declined applications when they run the credit check and so could view it as a sign that you are desperate for credit and use that as a reason to decline. We have some articles on the Money to the Masses website that you may find helpful in relation to building your credit score and finding the right credit card for you: "How to improve your credit score quickly" - moneytothemasses.com/using-credit/credit-report-2/improve-credit-score-quickly "The best way to check your credit score for free" - moneytothemasses.com/using-credit/credit-report-2/the-best-way-to-check-your-credit-score-for-free "What is a good credit score?" -moneytothemasses.com/using-credit/credit-report-2/what-is-a-good-credit-score-and-how-to-improve-yours "Check credit card eligibility: What credit cards am I eligible for?" - moneytothemasses.com/using-credit/credit-cards/check-credit-card-eligibility-what-credit-cards-am-i-eligible-for "Credit cards for not so good credit" -moneytothemasses.com/credit-card-2/credit-cards-for-not-so-good-credit I hope you find that helpful! 😊
Tide bank worst service
moneytothemasses.com/banking/best-savings-apps-in-the-uk-how-to-save-money-using-your-smartphone
I don’t understand the point you make regarding 0.15% only above £8000 investment. If I invest £3K what would I be looking at paying per annum in charges? Thanks.
Question regarding the reviewing of portfolios, does the research take into account bid/offer spread? If you’re making changes monthly you’re likely to be stung by this a lot more if you’re constantly rebalancing/changing investments
This is precisely what I was looking for. You are very kind and very helpful. Thank you for taking the time to help us normal folks who have lost access to various small pension pots for various reasons. I appreciate it a lot. I have now send queries to the employers that are holding small amounts of money in pension, for me to then have a think about what I would like to do with it moving forward. Knowledge is everything. Thanks again.
I’m so glad that you found the video so useful. Thanks for taking the time to give feedback ❤️
how can I get highest credit card limit in UK?
A company that makes money hand over fist by selling the financial data from their users now wants to charge those users for basic features....
Just discovered this channel. Definitely will subscribe!
Thanks
Where is the complete video
It is the associated video that you can click on. Alternatively copy and paste this link into your browser ua-cam.com/video/t5StpXPLwWI/v-deo.htmlsi=1uov4XK3Fb0LuNdd
I have paid my pension with euro car parts. I don't receive any letter from them. As euro car parts spelt my name wrong. What can I do. Please advise me.
What if one signatory is outside the country and u want to withdraw
You will need to speak to the bank as to the best way to proceed but it is likely that they will insist on a signature if that is how the account has been set up
The barclays switch offer, how does the 800 pound thing work is it just for premier or normal account also
Hi, It's for both - you need to pay £800 into your new Barclays account by 30th August. I hope that helps 😊
Thank you, thank you for the piece urging us all to take that first step and bring 'atomic habits' to personal finance. I love how you are looking out for us listeners and actively thinking about how you can coach us into a better financial future!
I’m so glad the piece resonated with you. Thank you for reaching out. I’ll keep doing my best to look out for everyone ❤️ Damien
Hello money to the masses. I was analyzing your UA-cam channel and are you struggling with subscribers and video views for monetization? I can help you grow your UA-cam channel.
Hello money to the masses. I was analyzing your UA-cam channel and are you struggling with subscribers and video views for monetization? I can help you grow your UA-cam channel.
what about nat west? they have a savings account thats 6.14%
Because it's only up to 5000
Im actually looking to switch from my Natwest flexible saver account to try and get a bit more interest on my money, not sure if its worth trying The Co-op 7% regular saver.
@@leaf3827 I have both Natwest Digital Regular Saver and Co-Op Regular Saver accounts. Once you have £5000 in the Natwest account you can not put any more money in and it will just generate ~£300 yearly interest (as long as the rates are the same). The downside being that you can only put in £150 per month - whereas the Co-op one is only for a year then you'll have to move it to a lower interest account. So the Natwest account is better long term as somewhere to gradually save/maintain an emergency fund, but the Co-op one is better short term. edit: once you have £5000 in there, you can move the interest into a different account every so often because it's only 1.75% over £5000+
Which savings account is this on NatWest?
Is this the usual type of haul from a supermarket TGTG? The other ones I've seen have consisted of a bunch of vegetables, which as I live alone is no use to me. Now, stuff like this I could use.
It does vary. I’ve found that you have to experiment with the shops you go to and the days that you do it. For example this haul came from a co-op in an expensive London suburb. Even though I tend to get my TGTG bags from here the haul isn’t always as good. As a general rule I’ve found it best to avoid petrol stations or convenience stores as you tend to get more bread and sandwiches.
@@Moneytothemasses Thanks. I've seen a few local small convenience stores doing it, but there's also a fairly large Morrisons supermarket. Maybe I'll give them a go, Bread or sandwiches I could use. I just didn't want to be lumbered with a bag consisting solely of vegetables that I'm never going to be able to use. As a matter of fact I've had the app on my phone for ages, but never used it. I got inspired to give it a go watching a bunch of YT videos, and picked up my first bag from a local Costa this afternoon. I got an egg mayo sandwich, a tuna melt panini, a croissant and a couple of tart things. Be having some of that for my tea. 😃
What about it’s existing customers!? Hate it when companies do this
It’s not available for those that already had any open Barclays Current Account on or before 08/07/24 or have ever received a switching offer reward for switching to any Barclays Current Account
Buy now pay later is something I’ve only ever used once or twice. Do it out of necessity not because it’s simply an option. Don’t take a bigger bite than you can chew. Being able to make all ends meet while still being able to save and invest should be everyone’s ultimate goal. Not everyone wants to be rolling-in-it rich, but this is definitely a great point for any average person. Good clip.
Hi there, i'm looking into signing up with AJ Bell for my own SIPP. Do you know if there are any bitcoin ETFs that I can add to my portfolio via AJBell? thanks a lot!
I was looking for them on Trading 212 and it seems like they arenów available in the UK at the moment:(
Thanks for this video - can I ask: can I open a Cash isa and a stocks and shares isa in the same year? I can’t seem to find clarification on opening two different types of isa within the same tax year and would ideally like to open both asap! Also ideal would be to open a lifetime isa aswell. Is this possible? Thank you.
Yes it is possible. You can open up multiple cash ISAs and stocks and shares ISAs and contribute to them all in the same tax year as long as you don't pay in more than £20k in total across all of them. But... some ISA providers might not let you open up multiple ISAs with them despite the official rules making it now technically possible. You can only pay into one Lifetime ISA in each tax year and the max £4k contribution each tax year counts towards your overall £20k ISA allowance. You can theoretically hold more than one Lifetime ISA however you can also only use one Lifetime ISA (per person) to buy your first home so you would need to think about consolidating them.
@@Moneytothemassesbrilliant, thanks for the clarification 👍
I am utterly appalled by the unethical practices of EMMA. They lured me into a so-called "free trial" only to slam me with charges for a service I never wanted and never used! This company is nothing short of a scam. Their customer service? Absolutely abysmal. When I finally realised their sneaky tactics and tried to cancel, they conveniently claim they have no record of my cancellation request. How convenient for them! It's clear they care more about squeezing every last penny out of unsuspecting customers than providing any semblance of ethical service. I urge everyone to steer clear of EMMA. They will trick you into paying for something you don't need and then refuse to help when you try to rectify their deceitful behaviour. Be warned: this company cannot be trusted. EMMA's response to my complaint was dismissive and cold-hearted. They basically told me tough luck, they've got my money now and there's nothing I can do about it. What a disgrace! Save yourself the headache and money, and find a company that values honesty and customer satisfaction.
I am utterly appalled by the unethical practices of EMMA. They lured me into a so-called "free trial" only to slam me with charges for a service I never wanted and never used! This company is nothing short of a scam. Their customer service? Absolutely abysmal. When I finally realised their sneaky tactics and tried to cancel, they conveniently claim they have no record of my cancellation request. How convenient for them! It's clear they care more about squeezing every last penny out of unsuspecting customers than providing any semblance of ethical service. I urge everyone to steer clear of EMMA. They will trick you into paying for something you don't need and then refuse to help when you try to rectify their deceitful behaviour. Be warned: this company cannot be trusted. EMMA's response to my complaint was dismissive and cold-hearted. They basically told me tough luck, they've got my money now and there's nothing I can do about it. What a disgrace! Save yourself the headache and money, and find a company that values honesty and customer satisfaction.😡
I've found the best thing for me to do if I've put my back out: get in the shower; crank the heat up to as high as I can tolerate; turn the shower head to a focussed jet; blast that sore spot on the back; get my back going again with stretches/ marching on the spot. Then later spend time doing back and hamstring stretches to prevent it happening again. We all spend too much time sitting and it's terrible for our backs and flexibility
Great advice, much appreciated. I think the fact I sit so much is the issue, as you suggest. Damien ❤️
Regarding care home assisted living I’ve personally looked into care homes outside the UK particularly South East Asia,Overall I’ve found it a better quality accommodation,better climate,outside swimming pools, accompanied day trips and more average price coming in below £2000 a month, it’s probably not for family oriented individuals but this is most definitely my preference
That is really interesting. Thanks for sharing. Damien ❤️
Thanks for sharing the stupid ways in which you put your back out, Damien. It makes me feel better as the same thing happened to me. 😢
You’ve made me fell less silly ❤️
Hi Damien & Andy, thanks for the latest podcast, i look forward to listening early every Sunday with the dog! i have been listen for a few months now and still working my way through the back catalogue! BUT i have started a SIPP, activated my wife's WPP and have got the future planned (ish). I do have one question for you though that I cant find any definitive info on. My Nan recently passed and has left her house to her 3 daughters. Whole estate is worth under £350k, so i believe IHT is not an issue, however 1 sibling will be giving 1 other sibling her share, couple of queries - firstly should this just be a simply bank transfer between the sisters after the solicitor has executed the will & secondly are sibling to sibling transfers of this value (~85k) subject to their own IHT rules. Thanks in advance, love the show and will be certainly listen (and watching now) for many Sunday's to come! thanks again, Luke
Hi, thank you for your support it is much appreciated and I am so glad you have made such positive first steps in planning your future. I think you will like a piece on next week's podcast on a similar theme. As for your question, it is one you need to put to the solicitor who should be able to advise you on the legal and tax side of things (perhaps with the help of a tax specialist). Some points to bear in mind are that usually any money passed from one person to another (not between spouses) is considered a gift (and a potentially exempt transfer) from an IHT perspective. That means that if the person making the gift dies within 7 years there could potentially be an IHT liability. The other thing to check with the solicitor is the Stamp duty situation because if one person buys another person's share in a property there is usually a potential stamp duty liability. Also it is possible for a person who does not want to inherit something to redirect it to someone else via a deed of variation, which effectively means that the asset never passes to them but to a person they state. In some instances there can be advantages to doing this. So I would suggest that you speak to the solicitor and a tax accountant and explain what you are trying to achieve and they can advise you best route. Best wishes Damien
Amazing
Thanks
Any advice on trading mutli-leg synthetic option strategies? Global derivative market never sleeps - rest is for the weak!
Avoid, unless you are an experienced investor who knows what they are doing.
this was helpful, so I'm currently in colombia... won't be coming back for at least a few months, but i need a new laptop (And i mean really need), and also will be travelling in next few months, i have a perfect 999 experian credit rating, i'm aiming to get the laptop end of the week, what's your thoughts on best card? knowing there will be fees etc.
Hi, Have a look at this article that focuses on travel credit cards. moneytothemasses.com/using-credit/credit-cards/compare-the-best-travel-credit-cards-uk I can’t make a personal recommendation obviously. But the article will give you a range of options. Interestingly there are travel credit cards that do offer cashback. Such as the Barclays Rewards Credit Card. Obviously all the cards are for UK residents only.
Its really bad. Yes it works until theres an issue. Its impossible to get help because it takes months between answers in their chat. Even if you have the most expensive subsription that promise prioritized support. I had to close my connected accounts because you cant remove your cards from their system your self so they can keep billing you even if they have frozen your card because of their mistakes. Avoid curve
Does student loan debt have a major impact on the amount you can borrow? Is it worth trying to minimise student loans now to make life easier later?
Generally speaking whether it's worth repaying your student loan early depends on a number of factors. But remember... You only have to start repaying the loan if you earn above a certain threshold. If your income is below this threshold, then you don't have to make repayments. Also student loans are written off if you haven't managed to repay them after a certain period of time, which for more recent graduates is 25 years. Plus, the interest rates on student loans are relatively low compared to other types of debt. So If you have high-interest debt (like credit cards) or no emergency savings, it might be better to prioritise those over paying off your student loan early. Now in terms of mortgages.... student loans don't appear on your credit report and therefore won't affect credit scoring. However, your monthly repayments are likely to be taken into account by mortgage lenders when assessing affordability during a mortgage application. This is when a lender looks at how much income you take home each month and assesses whether you can afford the mortgage you've applied for. But the reality is that your other financial commitments, your new monthly mortgage repayments and other debts repayments are going to have a more significant impact on this affordability assessment. Best wishes Damien
Thank you, that was useful. I'm just trying to get my head around this stuff.
Housing costs 😢 I fear my offspring will forever rent
I do sympathise too
Where is travel disruption cover? Where is end supplier failure cover? It's so hard to find a decent insurance which doesn't cover itself from paying anything ever. When you read the small print there is virtually nothing they cover, to every so called "cover" there are dozens of exemptions.
Yes, my brothers and ssters, all hail the aloorithm!!
Hail the algorithm 🙌
Thanks for your support ☺️
MoneyBox is an amazing app
Is the 25% bonus a one off bonus or can you get up to £1000 bonus per tax year? I.e a £1000 in one tax year then £1000 in the next so long as you put in £4000 every tax year
If you put in £4,000 every year you will get a £1,000 bonus every year.
@@Moneytothemasses ah okay; thank you for confirming!
Is the 25% bonus every year?
No the 25% is on the amount paid in each tax year up to a total bonus of £1,000 each tax year
@@Moneytothemasses Thank you for getting back to me; I’m not sure I understand though 😭 are you saying for example, let’s say in one tax year I put in £4000, I’d get a £1000 back for that tax year. Then if I were to put another £4000 in the tax year after, I could get another total bonus of £1000 bonus? Or is the bonus just a one off thing?
@@zinabstarit’s not a one off thing, you’d get the 25% bonus for each tax year you contribute. So with your example, you’d get an additional £1000 bonus for the next year if you saved £4000.l that year. That’s my understanding of it