It has been quite a year! The biggest news is that my wife has terminal cancer. In parallel my job has been made redundant. I’d planned on working for a few more years, probably reducing hours a little, but with the redundancy payment I think I can just about retire. So there’s pages to be written on all this, starting with redundancy, then my pension plans, and at some point something on the finances of terminal illness.
MoneySavingExpert are doing a student loan survey as part of a push to get the SLC to show more clarity. Their suggestion is better than now, but I think it only becomes really clear with a spreadsheet. Well, I would, wouldn’t I!Continue reading “Student “Loans” (England)”
I wanted to make a small change to my SIPP funds the other day. I am pretty underweight in North America (which means I’ve missed out a bit over the last year) so I looked at which fund to get.Continue reading “Trackers or managed funds”
I noticed a few articles recently in the news on the subject of funeral costs. (Probably there’s something a psychologist would have to say about what catches my attention.) The articles are mostly about the higher-than-expected costs, and that many pre-payment schemes fail to cover everything that relatives expect. A funeral is certainly not cheap, but I’ve made a page with a checklist of funeral costs, plus a few of my thoughts on which items might be most worthwhile.
For the last few years the ISA and SIPP charges comparisons have covered the same group of brokers. Times are changing. The latest table that I’ve found has banks, robo-advisers and more. One or two new entrants’ DIY investment charges look quite reasonable. https://www.moneyobserver.com/our-analysis/which-isa-platform-should-you-pick-we-compare-different-brokers
I’d been expecting some pension allowance changes or some other significant shift, but it didn’t happen. I guess a couple of my spreadsheets could do with the personal tax allowances updating to £12,500 and £50,000, and the LTA increasing to £1,055,000 but for now no rush.
The nice thing about the “steady as we go” type of budget is that it doesn’t mess up my plans.
I found a couple of great sources for all the 2019-20 allowances:
I’m composing a page about Shared House Ownership – where you own a fraction of the house and you pay rent to a company that owns the remaining fraction of the house. I recently helped my parents extricate themselves from such a scheme – such a poor scheme. Continue reading “Shared House Ownership”
Just finished a page on “balancing” investments every year. I really should do this more, rather than trying to second-guess where to be overweight and underweight. It should also free up time to live more life, rather than pore over investments. Mind you, I do enjoy this stuff…..
Here’s a game that many people now play with their employer: redundancy chicken.
Rather than wind down into retirement by reducing their weekly hours every so often, staff with long service hold onto their potential redundancy package by remaining working full-time until either they’re made redundant, or they quit with as little notice as their contract allows. Continue reading “Redundancy Chicken”
The papers seem to have been going on about IHT for the last couple of weeks. They were saying it was unfair, punishing prudent saving and good investment, hitting people when they’re down (literally), how it’s a recent tax, etc. etc..
I also listen to podcasts like MoneyBox and FT Money. I recall a mention or two there (on FT Money at least).
I think HMRC were seeking opinions. Continue reading “Inheritance Tax – is it actually unfair?”