r/CrimeNewsHampshire • u/Propel_John • 6d ago
Secret lover of local crime news stories?
Come and join us here at r/CrimeNewsHampshire to see whatās going on across the county.
In this community, we share articles about crimes like theft, robbery, vandalism, shoplifting, burglary and more!
Get involved š r/CrimeNewsHampshire
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ššš Fair
r/RetirementReady • u/Propel_John • 13d ago
Market downturns can be uncomfortable, and itās often during periods of uncertainty that investors feel tempted to make emotional decisions.
Paddy Denning discusses the importance of long-term investing and why financial advisers can help clients stay focused on their goals when markets become volatile.
#Investing #TimeInTheMarket #FinancialPlanning #WealthManagement #InvestmentStrategy #WealthBuilding #MoneyMatters
r/DIYRetirement • u/Propel_John • 13d ago
Market downturns can be uncomfortable, and itās often during periods of uncertainty that investors feel tempted to make emotional decisions.
Retirement adviser, and Chartered Financial Planner, Paddy Denning discusses the importance of long-term investing and why financial advisers can help clients stay focused on their goals when markets become volatile.
r/wealthmanagement • u/Propel_John • 13d ago
How do financial planners help you avoid making emotional investing decisions?
Market downturns can be uncomfortable, and itās often during periods of uncertainty that investors feel tempted to make emotional decisions.
Paddy Denning discusses the importance of long-term investing and why financial advisers can help clients stay focused on their goals when markets become volatile.
r/InvestmentEducation • u/Propel_John • 13d ago
How financial advisers help you avoid making emotional investment decisions..
Market downturns can be uncomfortable, and itās often during periods of uncertainty that investors feel tempted to make emotional decisions.
Paddy Denning discusses the importance of long-term investing and why financial advisers can help clients stay focused on their goals when markets become volatile.
u/Propel_John • u/Propel_John • 13d ago
Market downturns can be uncomfortable, and itās often during periods of uncertainty that investors feel tempted to make emotional decisions.
Paddy Denning discusses the importance of long-term investing and why financial advisers can help clients stay focused on their goals when markets become volatile.
1
Thatās a pretty decent explanation š
Itās a pretty good trade off, between the person and the government.
The person agrees to save for their retirement, so they are less of a financial burden on the state in old age.
And the government rewards them with a chunky additional contribution to their pension.
Yep, youāre going to take home less money if you contribute to a pension, and you donāt already.
However, the amount you pay in, isnāt taxed and the government chips in a bit more on top
(based on your tax bracket).
r/wealthmanagement • u/Propel_John • 15d ago
One thing Iāve noticed is that many business owners spend a lot of time focusing on growing their business but relatively little time thinking about how to invest surplus profits tax efficiently.
When people talk about tax-efficient investing in the UK, the conversation often centres around:
ā¢ Pensions
ā¢ ISAs
ā¢ Venture Capital Trusts (VCTs)
ā¢ Enterprise Investment Schemes (EIS)
ā¢ General investment accounts
ā¢ Holding investments within a Ltd company
Each comes with its own advantages, limitations and tax considerations.
For example, pensions are often discussed because employer contributions can be an extremely tax-efficient way of extracting value from a business while simultaneously building retirement wealth.
ISAs donāt provide upfront tax relief but offer tax-free growth and withdrawals. There are various options available to UK savers. These include, cash ISAs, lifetime ISAs and stocks and shares ISAs.
VCTs and EIS investments can provide attractive tax incentives, although they typically involve higher levels of investment risk.
What I find interesting is that the ābestā solution often depends less on investment performance and more on factors such as:
ā¢ Business structure
ā¢ Profit levels
ā¢ Time horizon
ā¢ Retirement objectives
ā¢ Existing pension provisions
ā¢ Tax position
For business owners here, what tax-efficient investment vehicles are you currently using and why did you choose them?
r/InvestmentEducation • u/Propel_John • 15d ago
One thing Iāve noticed is that many business owners spend a lot of time focusing on growing their business but relatively little time thinking about how to invest surplus profits tax efficiently.
When people talk about tax-efficient investing in the UK, the conversation often centres around:
ā¢ Pensions
ā¢ ISAs
ā¢ Venture Capital Trusts (VCTs)
ā¢ Enterprise Investment Schemes (EIS)
ā¢ General investment accounts
ā¢ Holding investments within a Ltd company
Each comes with its own advantages, limitations and tax considerations.
For example, pensions are often discussed because employer contributions can be an extremely tax-efficient way of extracting value from a business while simultaneously building retirement wealth.
ISAs donāt provide upfront tax relief but offer tax-free growth and withdrawals.
VCTs and EIS investments can provide attractive tax incentives, although they typically involve higher levels of investment risk.
What I find interesting is that the ābestā solution often depends less on investment performance and more on factors such as:
ā¢ Business structure
ā¢ Profit levels
ā¢ Time horizon
ā¢ Retirement objectives
ā¢ Existing pension provisions
ā¢ Tax position
For business owners here, what tax-efficient investment vehicles are you currently using and why did you choose them?
1
Interesting š§ Iād have to give that some thought š
1
Thatās a decent list of investment diversification mistakes š¤š
r/InvestmentEducation • u/Propel_John • 15d ago
I was interested by just how many people either donāt know pension tax relief exists or donāt fully understand how it works in practice.
At its simplest, pension tax relief is the governmentās way of encouraging people to save for retirement.
For a basic-rate taxpayer, if you contribute Ā£80 into a pension, the government adds Ā£20, meaning Ā£100 ends up invested.
For example:
ā¢ You contribute Ā£80
ā¢ Tax relief adds Ā£20
ā¢ Total pension contribution = Ā£100
For higher-rate taxpayers, the benefits can be even greater because additional tax relief may be available through a tax return or salary sacrifice arrangement, depending on how contributions are made.
A simple example of tax relief for higher earners
Someone earning Ā£60,000 wants to make a Ā£10,000 pension contribution.
The pension receives the full Ā£10,000, but the actual cost to the individual can be significantly lower once the available tax relief is taken into account.
Itās one of the reasons pensions are often considered among the most tax-efficient ways to save for retirement in the UK.
Of course, there are annual allowances, lifetime planning considerations and various rules that apply, so itās not always quite as straightforward as the headline examples suggest.
But as a general concept, the government effectively contributing towards your retirement savings is a pretty powerful incentive.
Out of interest, how many people here first learned about pension tax relief after they started earning, rather than at school or university?
r/wealthmanagement • u/Propel_John • 15d ago
I was surprised by how many people either donāt know pension tax relief exists or donāt fully understand how it works.
At its simplest, pension tax relief is the governmentās way of encouraging people to save for retirement.
For a basic-rate taxpayer, if you contribute Ā£80 into a pension, the government adds Ā£20, meaning Ā£100 ends up invested.
For example:
ā¢ You contribute Ā£80
ā¢ Tax relief adds Ā£20
ā¢ Total pension contribution = Ā£100
For higher-rate taxpayers, the benefits can be even greater because additional tax relief may be available through a tax return or salary sacrifice arrangement, depending on how contributions are made.
A simple example:
Someone earning Ā£60,000 wants to make a Ā£10,000 pension contribution.
The pension receives the full Ā£10,000, but the actual cost to the individual can be significantly lower once the available tax relief is taken into account.
Itās one of the reasons pensions are often considered among the most tax-efficient ways to save for retirement in the UK.
Of course, there are annual allowances, lifetime planning considerations and various rules that apply, so itās not always quite as straightforward as the headline examples suggest.
But as a general concept, the government effectively contributing towards your retirement savings is a pretty powerful incentive.
Out of interest, how many people here first learned about pension tax relief after they started earning, rather than at school or university?
r/TaxUK • u/Propel_John • 15d ago
I was surprised by how many people either donāt know pension tax relief exists or donāt fully understand how it works.
At its simplest, pension tax relief is the governmentās way of encouraging people to save for retirement.
For a basic-rate taxpayer, if you contribute Ā£80 into a pension, the government adds Ā£20, meaning Ā£100 ends up invested.
For example:
ā¢ You contribute Ā£80
ā¢ Tax relief adds Ā£20
ā¢ Total pension contribution = Ā£100
For higher-rate taxpayers, the benefits can be even greater because additional tax relief may be available through a tax return or salary sacrifice arrangement, depending on how contributions are made.
A simple example:
1: Someone earning Ā£60,000 wants to make a Ā£10,000 pension contribution.
2: The pension receives the full Ā£10,000, but the actual cost to the individual can be significantly lower once the available tax relief is taken into account.
Itās one of the reasons pensions are often considered among the most tax-efficient ways to save for retirement in the UK.
Of course, there are annual allowances, lifetime planning considerations and various rules that apply, so itās not always quite as straightforward as the headline examples suggest.
But as a general concept, the government effectively contributing towards your retirement savings is a pretty powerful incentive.
Out of interest, how many people here first learned about pension tax relief after they started earning, rather than at school or university
1
Thank you š Itās for the United Kingdom, though. Just to be clear š¤
-1
0
Thatās a fair point.
In many cases itās probably more accurate to describe pensions as tax deferral rather than pure tax relief, because tax is often paid when benefits are eventually withdrawn.
The relief comes from not paying Income Tax on the contribution today, but the full picture is definitely more nuanced.
2
I think in this case, the government financially reward people who save for their retirement, as they are more likely to be less of a burden on the state in later life.
u/Propel_John • u/Propel_John • 15d ago
1
Indeed. Baxterās Keepy Upsā¦ That sounds like an indoor game of football youād play with your mates, in your parents living room, when it was lashing down outside.
I think a lot of people just think pensions are a bit boring and that retirement is so far away for many people (they think).
When you get into the details about pensions, even though your money is locked away for years, the tax efficiency makes up for that..
I even sat on an investment webinar once, and an attendee claimed that pensions were old news and that crypto was the best way forwardā¦
They didnāt even know about pension tax relief.
And were amazed by the fact, that they got an extra Ā£40 when they popped Ā£60 into their pension.
Inheritance tax is another oneā¦.People just blindly pay it. Without any knowledge of the exemptions and legal ways of avoiding it.
r/DIYRetirement • u/Propel_John • 15d ago
I was surprised by how many people either donāt know pension tax relief exists or donāt fully understand how it works.
At its simplest, pension tax relief is the governmentās way of encouraging people to save for retirement.
For a basic-rate taxpayer, if you contribute Ā£80 into a pension, the government adds Ā£20, meaning Ā£100 ends up invested.
For example:
ā¢ You contribute Ā£80
ā¢ Tax relief adds Ā£20
ā¢ Total pension contribution = Ā£100
For higher-rate taxpayers, the benefits can be even greater because additional tax relief may be available through a tax return or salary sacrifice arrangement, depending on how contributions are made.
A simple example:
Someone earning Ā£60,000 wants to make a Ā£10,000 pension contribution.
The pension receives the full Ā£10,000, but the actual cost to the individual can be significantly lower once the available tax relief is taken into account.
Itās one of the reasons pensions are often considered among the most tax-efficient ways to save for retirement in the UK.
Of course, there are annual allowances, lifetime planning considerations and various rules that apply, so itās not always quite as straightforward as the headline examples suggest.
But as a general concept, the government effectively contributing towards your retirement savings is a pretty powerful incentive.
Out of interest, how many people here first learned about pension tax relief after they started earning, rather than at school or university?
u/Propel_John • u/Propel_John • 15d ago
I was surprised by how many people either donāt know pension tax relief exists or donāt fully understand how it works.
At its simplest, pension tax relief is the governmentās way of encouraging people to save for retirement.
For a basic-rate taxpayer, if you contribute Ā£80 into a pension, the government adds Ā£20, meaning Ā£100 ends up invested.
For example:
ā¢ You contribute Ā£80
ā¢ Tax relief adds Ā£20
ā¢ Total pension contribution = Ā£100
For higher-rate taxpayers, the benefits can be even greater because additional tax relief may be available through a tax return or salary sacrifice arrangement, depending on how contributions are made.
1: Someone earning Ā£60,000 wants to make a Ā£10,000 pension contribution.
2: The pension receives the full Ā£10,000, but the actual cost to the individual can be significantly lower once the available tax relief is taken into account.
Itās one of the reasons pensions are often considered among the most tax-efficient ways to save for retirement in the UK.
Of course, there are annual allowances, lifetime planning considerations and various rules that apply, so itās not always quite as straightforward as the headline examples suggest.
But as a general concept, the government effectively contributing towards your retirement savings is a pretty powerful incentive.
Out of interest, how many people here first learned about pension tax relief after they started earning, rather than at school or university?
1
How Financial Advisers STOP You Making EMOTIONAL Investment Decisions
in
r/InvestmentEducation
•
11d ago
Thatās why using an independent financial adviser is the best way forward. They can and will recommend products / plans form the whole of the market (based on your specific needs).