Personal Finance Q&A – January 2025
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Thank you for all this invaluable information. Thoughts on investing via Vanguard?
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He doesnt seem to know anything we don't?
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Great content on personal finance.
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Excellent conversation, even understood some of it! Not clear however on pensions bit regarding tax relief example – if earning £8 is net, £10 is gross, paying £8 into pension then gets £2 tax relief repaid by Govt. Ok understood, but this assumes that if 'all' of the earnings – whole £8 – is paid into the pension in order to get the tax relief, then that leaves no wages to live on!? Now I can actually afford to do exactly this – pay in all of my wages to my company's pension as I only work a couple of hours a week now since taking 'early' retirement this year (am 61 so no state pension for me yet) and I only earn about £40 a week so won't miss it, but if this was scaled up to reflect a realistic wage, who could afford to do this? In other words, to get the 'most' tax relief back from Govt, would have to pay in the 'most' of one's wages? Fundamentally, most people could only afford to put in a fraction of their earnings into pension, so most people only get commensurate fraction of Govt tax relief back – is my understanding correct?
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Bring Bitcoin in and that’s it! Investment pouring in!
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Loads of gems in this conversation! Love it! 💎
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Investing is a waste of time. Tried it with and never again. Money only ever goes down. Much better in savings. It’s safe and risk free and I know what I’m getting at the end. Why risk my money!
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