Episode Details

To kick off the year we asked for your biggest money questions, which we're answering with financial adviser and friend of the podcast, Lisa Conway-Hughes.

This is Lisa’s advice firm LCH Wealth: https://lchwealth.co.uk Set up a Financial Diagnosis Session with Lisa via her assistant Abi: abi@lchwealth.co.uk

Correction: At 5:06 Lisa misspoke and said Tom would need 12-24k for 3-6 months of expenses as an emergency fund. She meant to say 6-12k (as in her example he'd have 2k expenses per month).

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If you purchase a product or service using one of the links above (including Lisa's firm LCH Wealth), we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Chapters:

00:00 - Franchise Exhibition ad

00:39 - Happy New Year

03:29 - House or Pension at 30

09:56 - Rent vs Buy 

15:08 - Salary Sacrifice rules have changed

16:56 - TaxZap ad

18:10 - How to derisk for retirement

22:10 - Running out of money

27:22 - How to retire early

29:37 - Pensions savings at 30/40/50

33:07 - Self-employed and pensions

38:11 - Vanta ad

39:16 - Will you get a state pension?

42:12 - Tax trick for low earners

46:45 - How to stop worrying about money?

49:55 - Know your number

54:19 - Can you spend more?

59:02 - How to pay less tax in retirement

01:02:33 - Pension or ISA?

01:04:22 - Inheritance tax

01:06:20 - Where to save to pay less tax?

01:07:15  - Basic money principles