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I like your "index and chill" t-shirt, Toby 😎
Actually, BTC has out performed everything you have mentioned…
Where is this index and chill shirt from?
Please make a video on hiw we can change our workplace pension. The returns vs a stocks and shares ISA index fund is no where near as good!
I started in January this year (I'm 41) I just place some money each month into the FTSE Global All Cap Index Fund Accumulation. No minimum investment so I round up each transaction as well I make to the nearest pound. And put them pennies into it as well.
So, if your allowed to add £60k maximum to your pension (in case you are earning £60k per annum), does that include the 20% tax relief, or the 40 % tax relief if you are a higher rate taxpayer? In case you are a higher rate taxpayer and you get the 20% tax relief and you claim the remaining 20% via self-assessment, does that count into the £60k allowance?
please make detailed video about pension. thanks.
Hi. if I had 20K, would you suggest $k in an S&S LISA and 16K in a S&S ISA? Or all 20K in an S&S ISA? I had a look at the S&S LISA (e.g. 0.15% Dodl vs 0.45% H&L), but wondering if S&S ISA e.g. invest engine/trade212 may be better?
I’m 52 this year and have no savings or investments and don’t own a house. I will no doubt retire on a gov pension if there is one and feel even if I invest now it is too little too late as a low earner, gutted.
Great stuff. Could you do a video on best lifetime ISA and normal S&S ISA for 2024/25?
I'm currently able to contribute just £20 a month to my Stocks & Shares ISA.
I do have a pension pot of around £10k from my previous job. I get a letter annually about it but have done nothing. Next time I receive the letter I'll see about transferring it.
I was under the impression you could max out different accounts? I’ve maxed out my stocks and shares but I pay into my child’s junior isa. Can someone clarify please?
Great advice, really useful thank you!
Thanks toby , great advice 👌🏻
Great video mate cheers 👍
00:00 💡 It's never too late to start investing, but consider key factors for success.
00:28 📊 Choose investments wisely; stocks offer long-term growth potential.
01:39 💰 Invest in index funds for simplicity and broad market exposure.
02:37 📉 Avoid frequent trading; stick with low-cost, passive investments for long-term growth.
03:05 🏦 Utilize tax-efficient accounts like pensions and ISAs.
04:30 💼 Take advantage of employer matching contributions to maximize savings.
05:51 📈 SIPs offer tax benefits, while ISAs provide tax-free growth.
07:57 ⏳ Longer investment horizons increase the likelihood of positive returns.
10:34 💸 Investing earlier yields better returns, but older investors can leverage higher income and fewer expenses.
12:54 📝 Plan tax-efficient withdrawals from investments during retirement.
I'm paid weekly but contributions added to my pension monthly that can't be helpful 😮
The best feeling (financially) I had was when my investments started to earn more than me.
It was at this point I knew I was close to calling it a day and relaxing for the rest of my life…
I want to say thank you to the guy in the comments who recommended Eledator to me. You've been very helpful. Thank you!
Thx for the info. It's very useful. Last time, I also came across Eledator, and financially, it has been very helpful for me. So thank you again!
Cool video! I'd like to add that there are other investment options in copy trading platforms like Eledator as well.
Another great video thank you! Been investing 15 years now 39 years old but defo excited by what the next 15 years bring.
Making the most of work place pension and have changed my default pension contributions within in to more US and develop world focused 🙌
I am 52 and only started investing recenty and it is already paying off.
If you have a workplace pension and an ISA, is there any benefit to having a SIPP as well?
Thank you for your video! I was hoping you would mention the 60ers who are just about to retire ( on a work pension at this stage ) and don’t know what’s best to invest in for the shorter / longterm 😅from now !? 😊
I started with my work placed pension at 20. I started with the minimum contribution (2%) but increased it as i earned more until i had the max (6%) by 25. My company double match this (12%) which is decent for a DC pension. My biggest issue was i left it all default until early 30's and didnt start a S&S ISA until i was 34. I've since done a complete overhaul of my finances and so feel like i have only just started at 37 (albeit with a reasonable lump in my pension pot – £205k).
Hey Toby great video and advice I didn’t start investing until later on, just didn’t have the money. On the ISA front any thoughts on the flexible stock and shares Isa, not many on offer that can see and they’re quite expensive fee wise, unless you (anyone) knows differently, thanks
5:51 Shouldn't that tax claim be £40 and not £50? As the lower rate tax is 20% and not 25%?
You're a star Toby! I first saw one of your videos two and half years ago, and since then I took your advice to look at alternative investing opportunities, other than banks and building societies. I really had no idea about stocks and shares investing, but I set up an ISA with Vanguard with an initial lump sum and subsequent monthly investing, and my current rate of return is currently 22%. I know my investment may fall in future months, but overall I'm really pleased. Thank you so much!
Listening to these messages regularly is also a good strategy to keep yourself on the right path. You won't see your savings sky rocket in the short term, so reminding yourself of what the long game is, is invaluable! Cheers Toby
Can i tranfer all of my work place pension into a sipps and have the company pay their contribution into the sipp each month
Great Video
I am new to the channel
And this video is very Relevant to Me as I recently turned 46 and all I have so far is one Amazon Failed Business on my account
so looking to turn thing around and Learn and earn with Stocks, dividends, ETFs etc
Unfortunately still confused as to what my 1st Step should be.
As always, thanks toby.
Cash is KING
1 investmoney. 2. enable leverage.3 Buy option. that will return 3X. 4. Collect your winnings. Repeat till you are millionaire. Alternatively go back in time and invest like Warren Buffet.
S&P500 has averaged over 11% returns for the past 50 years!
Thanks so much for your videos .Better late than never as I am getting closer to 60. I managed to open SIPP a few days ago with 1000 pounds though I divided equally between FTSE All global cap index fund and S & P 500. All is new to me but I take a lot of notes which I go over and over again like I did when I was a student. I hope to open ISA this month.I am in DB pension scheme in the workplace but employer do not match additional pension contribution. and the 1.5 % that is normally added to the mandatory auto enrollment baseline employee pension contribution which gains both Employer contribution and CPI %PLUS 1.5% ..Pls do more videos on the SIPP. Thanks so much
A couple of years of expenses is the worst advice ever. Lets say its 20k to be Conservative. Over a working life thats 400k in real terms. It delays Young people starting also. Instead, you should have a credit card that you must not touch. Personally, given that the risk of you needing two years of expenses should be quite low, id prefer to rely on selling down some of your position. Given a favourable sequence of returns (say, as long as you don't have an emergency in the First few years) this should be much more favourable. Having money in the bank makes it too easy to access also. At least with a credit card, or having to sell shares, there might be less temptation to access your money. Lets face it-it takes years for young people to even save 20k. I wish people would stop mindlessly repeating this advice. Young people should have their money invested aggressively too. When my Young bloke was born, I invested money into a certain leveraged etf (well 2 actually). He only has 20% in those now, as it got a bit too Good to be true. The biggest risk for Young people is not having enough risk. (second to not investing, which having an emergency fund IS).
That's a great video, thank you.I am wondering though whether someone can benefir only if thy plan to retire to the UK. Does this account have any value when retiring abroad ( while not being a UK tax resident) . You do lose the advantage of free tax from what I read because the funds must be taxed upon transferring to the new country. I know that you aren't a financial advisor but any help from anyone in a similar position would be appreciated.
thanks Toby, very inormative
I started investing a bit 5 years ago at 60. I didnt know what to do so i invested bits at a time, all for accumulation. Had an incredible few years of course but I keep paying in when I have spare cash. Its really worth doing.
Ideally, I'd not want to sell any investments and have a dividend income. Seams difficult to get a good dividend income from ETFs or invest trusts. Any ideas?
I am 38, and just started investing in stock and shares junior isa for my 3 year old. Thank you for all your videos. I feel much more confident to start investing.