What do you make of this new '22% tax on uninvested cash in Stocks & Shares ISAs'?

To be transparent and up front, the full details are still not known. Once we do know the full and final details, I will release another episode.

But I still think it's worth putting this out to make you aware of this coming change and so you have as much time as possible to take any potential actions that you need to.

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📝 Get started with investing - I pulled together a 10-page guide, 1-page cheat sheet and 30-day email course (all for free) - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.

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📥 Get in touch - ⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠

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Timestamps:

0:00 - What happened?

0:52 - What is the ISA change?

2:55 - Who does this impact?

5:28 - How much money will this raise?

6:41 - Why this change is pointless (2 main reasons)

9:40 - What about ISA transfers?

10:23 - How to encourage investing

12:07 - What practical things should you do now

15:38 - My honest thoughts

My Vanguard portfolio recently hit £100,000!In this episode we go through all of my accounts (ISA, SIPP, GIA), how I built this up over time since 2019, and the mistakes and key lessons along the way.

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📝 Get started with investing - I pulled together a 10-page guide, 1-page cheat sheet and 30-day email course (all for free) - ⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠

📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - ⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠

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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.

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📥 Get in touch - ⁠⁠⁠⁠⁠⁠click here⁠⁠

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Timestamps

0:00 - I hit £100k!

1:59 - Total portfolio

2:30 - GIA

3:36 - ISA

6:53 - SIPP

10:26 - Back to total portfolio

11:07 - Reflection and future plan

📝 Get started with investing - I pulled together a 10-page guide, 1-page cheat sheet and 30-day email course (all for free) - ⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠

📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - ⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠

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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.

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📥 Get in touch - ⁠⁠⁠⁠⁠click here⁠⁠

📈 Top broker offers: ⁠⁠click here⁠⁠

🌎 Global index fund & ETF cheat sheet: click here

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More Investing:

📝 Get started with investing - I pulled together a 10-page guide, 1-page cheat sheet and 30-day email course (all for free) - ⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠

📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - ⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠

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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.

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📥 Get in touch - ⁠⁠⁠⁠click here⁠⁠

📈 How I can help you: ⁠click here⁠

Three important lessons: time in the market, getting your 'setup' right, avoiding behavioral pitfalls.

All discussed in this episode after the market update!

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More Investing:

📝 Get started with investing - I pulled together a 10-page guide, 1-page cheat sheet and 30-day email course (all for free) - ⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠

📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - ⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠

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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.

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📥 Get in touch - ⁠⁠⁠click here⁠

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Timestamps:

0:00 - Market update

5:19 - Lesson 1

7:53 - Lesson 2

11:34 - Lesson 3

💡 Stocks & Shares ISA comparison tool: click here

📈 How I can help you: click here

What is the best Stocks & Shares ISA for the current tax year?

Overall - it will depend on your specific preferences.

In this episode we discuss reputation, fees, accounts and investments offered, and more - to help you pick the best Stocks & Shares ISA for your situation.

You can use the tool linked above to work out how much you may pay in fees, a full ISA comparison and the 'fund availability' on each platform. I hope it helps!

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More Investing:

📝 Get started with investing - I pulled together a 10-page guide, 1-page cheat sheet and 30-day email course (all for free) - ⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠

📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - ⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠

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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.

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📥 Get in touch - ⁠⁠click here

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Timestamps:

0:0 - What is the best S&S ISA?

2:03 - The selection has never been better

2:27 - Key criteria when selecting your ISA

4:52 - Reputation and safety

5:52 - Fees

9:51 - Other accounts offered

12:08 - Investments offered

13:33 - Fractional investing and automatic investing

15:44 - What about Vanguard, HL, AJ Bell?

18:00 - What is the best S&S ISA?

Sammie from @UpTheGainsMoney (and The Money Gains Podcast) joined me on this podcast episode.

You can check out the the Gains app ⁠here⁠.

Being a founder/entrepreneur, I asked him 9 important questions (each question is timestamped below).

From AI tools and self employment vs 9-5, to building a business and raising money from investors.

Listen to the episode for the full details!

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More investing:

📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide

📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book

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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.

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📥 Get in touch: https://www.makingmoneysimple.co.uk/contact

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Timestamps:

0:00 - Are taxes too high in the UK?

3:55 - How to improve business-building in the UK?

6:29 - Are people actually leaving the UK for Dubai?

10:36 - What are the biggest entrepreneur learning curves?

15:15 - What is the app you’re building?

20:10 - What’s it like raising money?

25:11 - What’s been the hardest thing?

27:52 - What AI tools are worth using?

33:13 - Thoughts on self employment vs 9-5?

If you need help with your investing accounts: https://www.makingmoneysimple.co.uk/

In this episode we cover everything to do with Stocks & Shares Lifetime ISAs:

• What they are
• Their pros and cons
• S&S LISA vs Cash LISA
• Whether you should use them
• The best S&S LISA providers - https://www.moneysavingexpert.com/savings/lifetime-isas/#bestbuysstocks
• The maths behind why a pension might be better
• Why I stopped contributing to my own S&S LISA

I hope you find this episode helpful!

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More Investing:

📝 Get started with investing - I pulled together a 10-page guide, 1-page cheat sheet and 30-day email course (all for free) - ⁠⁠⁠⁠click here⁠⁠⁠⁠

📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - ⁠⁠⁠⁠click here⁠⁠⁠⁠

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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.

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📥 Get in touch - ⁠click here⁠