Finance #PersonalFinance #MoneyAdvice #AMA
🔥 Exciting news! On July 18th at 1pm, we have Sam Brodbeck, the Money Advice Editor at The Telegraph, joining us for an Ask Me Anything session! 💸
Sam is an expert in pensions and has a wealth of knowledge when it comes to personal finances. He’s here to help answer your burning questions about how the new government could impact your wallet and what we can expect from the upcoming Labour Budget.
Here’s how you can participate:
- Drop your questions in the comments below
- Get valuable insights and advice from Sam
- Learn more about managing your money effectively
Don’t miss out on this opportunity to get expert advice on your finances! Mark your calendars for July 18th at 1pm and get ready to join the discussion with Sam Brodbeck. Let’s empower each other with financial knowledge! 💪💰
Proof of Sam’s expertise: https://imgur.com/B4ttDga 📈
What burning questions do you have about your personal finances? Let’s get the conversation started! 🔥💬
What odds would you put on Labour increasing the LISA limit above 450k?
Why does the telegraph concentrate so much on old people? Demographically the older generation are the best off so why don’t journalist what to talk about the difficulties young people face?
With lots of private schools pulling out of the TPS and some state schools looking at following suit, is there a risk the TPS might run into a funding problem?
What does the new government mean for my personal finances and what should I expect from the coming Labour Budget?
In the last budget they announced a consultation to move child benefit to be based on household income rather than individual as it is now. Do you think this is likely to still happen or is the move to a higher threshold and with a longer tail enough that it has stopped it from effectively being the tax trap it once was for the vast majority affected?
What would you advise a self-employed person do regarding pensions?
I am 35 and have opened a SIPP with Vanguard in the process of transferring 2 existing pensions into it from prior employers but only have around £13,000 in total from those.
I am aware of the half your age as a percentage rule but as I’m self-employed should this account for the rebate on pension contributions?
Hi Sam,
Huge fan of your work, super informative stuff man, thanks for doing this AMA.
My question is… What do you think are the biggest challenges facing financial journalists and reporting?
Hiya. Pensions. A complex one.
After I retire does any pension exist on the market where after I retire the balance remains at £1,000,000 .. but all growth beyond that is funnelled to me personally?
So I don’t have a ‘set amount of money I need each month’ that could start potentially eating into the fund if it outstrips growth. I get whatever growth there was. I understand one year I might get £50,000, the next I might get £10,000 or even £0. But I know I’m not spending the £1,000,000?
If the £1,000,000 makes a LOSS for a while, when it eventually gets back to growth, that bangs it back up to £1,000,000 before I get any more returns sent to my personal account?
Hard to explain .. but I want £1m to stay as constant as possible in the (uncrystalised?) pension fund .. and just to live off any generated growth. I think my plan might not be offered on the market or I’m the first dude ever to even consider wanting this?
Do you think there will be much interesting in the upcoming Labour Budget?
The King’s Speech didn’t contain much exciting from a personal finance POV? There was some stuff on pensions but nothing substantial.
Do you expect the new government to make changes to inheritance tax?