The Meaningful Money Personal Finance Podcast Podcast Por Pete Matthew arte de portada

The Meaningful Money Personal Finance Podcast

The Meaningful Money Personal Finance Podcast

De: Pete Matthew
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 Pete Matthew discusses and explains all aspects of your personal finances in simple, everyday language. Personal finance, investing, insurance, pensions and getting financial advice can all seem daunting, but with the right knowledge and easy-to-follow action steps, Pete will help you to get your money matters in order. Each show is in two segments: Firstly, everything you need to KNOW, and secondly, everything you need to DO to move forward on the subject of that episode. This podcast will appeal to listeners of MoneyBox Live, Wake Up To Money, Listen to Lucy, Which? Money and The Property Podcast. To leave feedback or ask a question, go to http://meaningfulmoney.tv/askpete Archived episodes can be found at http://meaningfulmoney.tv/mmpodcastMeaningfulMoney Ltd Economía Finanzas Personales
Episodios
  • Listener Questions Episode 16

    Listener Questions Episode 16
    Jun 11 2025
    It’s time for another Listener Questions session! This week we cover commercial property in pensions, ethical investing, inherited pensions and so much more. Shownotes: https://meaningfulmoney.tv/QA16 01:02 Question 1 Hi Peter / Roger, Many thanks for all the wisdom plus superb book, you two really make my week with the banter. I always hear about DB and DC pensions but wondered if you’d ever cover the following: Many business owners like myself own buildings outright (as a pension) within a Commercial Sipp and then loop back into this rental payments. Also, within this using a GIA for diversified investments including cash lump sums for tax relief when possible. I’m heading North of sixty soon and feel its time to start thinking of the exit plus implications. It would be fantastic to hear your advice on these in the future. Best Regards, Steve 05:47 Question 2 Hello Pete Can ethical investing beat inflation? Myself and my husband are both 63. We retired at the end of last year, having sold the business we have run for the majority of our working lives. We have some small DC pensions and a SSAS which includes a commercial property. We both have cash ISAs. I've done some research, helped massively by your podcasts and YouTube videos, so thank you so much for these. From what I have learned I understand that we need to invest the cash from the business sale in Global Equities. We also need to look at the investments within the SSAS which, up to now, the SSAS provider has managed. Cash in the SSAS also needs to be invested. Is there a way of picking a Global Index Tracker which is ethical and will beat inflation and that requires minimal management to keep fees low? I realise that we need to look at our cash accounts too with this in mind. Many thanks for all your excellent resources and advice, the fog of financial planning is starting to clear and I'm feeling less panicked about being able to manage the money for our future. Kind regards, Rachel 12:52 Question 3 Dear Pete and Rog, Your podcasts have been a real source of steadiness for me over the past few years - a pair of reliable voices amidst the wider financial chaos. I’m writing with a question about nominee (beneficiary) pensions. Sadly, my father passed away recently, and I’ve inherited half of his private pension pot - around £70k from a total of £140k. It’s been set up as a nominee pension, which I understand allows the money to remain invested and grow tax-free, with flexible access at any age. This has been a significant and unexpected legacy, and it’s opened up the possibility of scaling back to part-time work well before the official retirement age. (I’m in my late 30s, so there’s still a way to go, but it’s a big deal for me and brings more options for me) I don’t plan to draw from the pot for many years. My intention is to let it grow. The catch, however, is that the provider, without naming names, (let’s just say three letters, last one P), is expensive compared to what I’m used to (I invest monthly in a Vanguard LifeStrategy ISA). When I’ve done some projections I can see that if leave the money where it is indefinitely, the fees will quietly erode a decent chunk of the long-term gains. There’s a 6-year early exit charge, so for now I’m content to leave it be. I’m still dealing with bereavement and all the admin of being an executor, so pressing pause on any big financial decisions feels like the right call at this early stage. But when that 6-year period ends, I’ll be weighing up whether to stick or twist. My question is: can nominee pensions be transferred to another provider without losing the key benefits, like the tax-free growth and the ability to access the funds flexibly before retirement age? I’ve looked into alternatives- transferring into my ISA would take years due to the annual limit; a general investment account loses the tax perks; and a conventional pension would lock the funds away until age 55+, which undermines the very flexibility that makes this pot so helpful for future semi-retirement plans. I’d be really grateful for any ideas or thoughts you might have on this. All the best, Alan 19:29 Question 4 Hi guys, I am 31 years old and currently investing 15% of my gross income into my retirement. 6.8% via my employer's DB CARE scheme, and the other 8.2% into my SIPP. My wife and I also contribute £200pm into a S&S ISA for our son. We hope by the time he is 18 (3 months old now) this fund could pay for university, travel, driving - whatever he wants to do (within reason!). By age 60, I would like to be in a position to retire, whether I do that or not is another question, but I would at least like the option to. I often see YouTube videos titled "SIPP vs ISA which is better?" but I don't see much about how to use them in tandem. Do you have any advice on the optimal weighting between an ISA and SIPP given I'd like to retire before State/DB pension...
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    39 m
  • Listener Questions Episode 15

    Listener Questions Episode 15
    Jun 4 2025
    Another mixed bag of questions this week, including pension tax free cash, salary sacrifice for electric cars, de-risking a pension and buying gilts! Join us as we answer your most pressing questions! Shownotes: https://meaningfulmoney.tv/QA15 01:05 Question 1 Love the show, and whilst not all relevant to my own circumstances, find it all very interesting and enjoyable. Question :-You regularly discuss taking the 25% tax free and what to do with the rest (annuity or drawdown) but need advice as I have 4 different pension pots, 3 frozen and 1 existing employer. I am looking to take the 25% from one of the frozen ones to pay off mortgage but not clear on the below: - Can I keep the remaining 75% in the pension scheme and not take either drawdown or annuity until a later date (when I take early retirement)? - More importantly, I am sure I have read that once you start to take your pension, the amount you can contribute is capped. How does this work if it is a frozen pension I am taking the 25% out of and would this impact on my current employer pension contributions? Thanks as always Paul 05:19 Question 2 Hi Pete and Roger, Absolutely love the show, after listening to yourself for a number of years, I'm 30 and would even go to say I'm financially savvy as a result of everything I've learned over the years I'm wondering if you could help me with a question? My retired dad was looking for an electric car and as I've got a salary sacrifice scheme with work it seemed the best way to get an electric car for him. My father said that he would give me the equivalent of the total rental amount in cash as I pay for the car via Salary sacrifice on a monthly basis. I'm obviously the policy holder, with the responsibility for it but my father would be named as a driver (unsure if this is relevant). This amount is around £35k, and I'm wondering if the worst was to happen (father kicking the bucket under 7 years) how would this be treated for tax purposes? As the money is in effect to pay for a good or service, would drawing up a contract or something of the like allow it to not be treated as a gift and exempt from the estate upon death, the same as if you send a family member money for a holiday or other purchases? Thanks so much for your help! Ruben 10:37 Question 3 Hi guys, love the podcast! I have a workplace pension that’s currently invested in a fairly basic fund, and I’m looking to take more control over it by choosing my own investments. I’m 38, so I still have time before I need to think about de-risking. My plan is to allocate 80% to a global equity fund, 10% to the S&P 500, and 10% to global bonds. I don’t have a huge amount invested, but it’s enough to make me consider whether I should be a bit tactical with my approach. With global index funds near all-time highs, should I wait for a slight market dip before making these changes, or just go ahead and make the move now? Steve. 13:59 Question 4 Hi Pete, Great idea to pause the “new material” and focus on questions. I was thinking that there are only so many ways to skin a cat/re-frame a concept! I would very much like to hear a little more around the concept of a bond or gilt ladders as one approaches/reaches retirement. Despite being a Chartered Accountant and working in financial services, I’m embarrassed to admit that I become flummoxed when thinking about how to set such up. I understand gilts can be purchased individually and held to maturity (as opposed to gilt or bond funds), but where and how do we buy them if our retirement savings are tied up in our employer’s pension scheme - and they certainly don’t offer such! I dare say that the demographic of your listeners/viewers are “of a certain age” where this sort of subject would be of interest. Thanks and all the best Avid listener Peter Coleman 22:22 Question 5 Love your podcast, it's been really helpful since setting up our business. Got a question for you, my wife and I set up the business 3 years ago and it's gone incredibly well so far. After pension contributions at £60k each and paying ourselves a salary/dividend equal to £100k each per year, the business continues to accumulate money. We currently have £750k spread across multiple business savings accounts. However, is there a better way to manage this money? We have considered setting up a housing rental company but we have not looked into this in detail. We have a financial advisor who seems to focus heavily on pensions rather than what we can do with the surplus money. Thanks, Mark C 28:25 Question 6 Hi there, I’ve invested in vanguard index funds for over a decade and have recently begun to actually think what goes on behind the scenes? When we invest in passive funds, like S&P 500, does that money blindly go into the businesses that make up that fund - ie just giving money to them, not knowing how good they are as companies, just because they happen to be part of an index, they get the ...
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    34 m
  • Listener Questions, Episode 14

    Listener Questions, Episode 14
    May 21 2025
    Welcome to another MM Q&A, taking in budgeting rules of thumb, pension tax relief and offshore worker pension contributions, and lots more besides! Shownotes: https://meaningfulmoney.tv/QA14 01:57 Question 1 Hi Pete, I’ve been a long-time follower of your podcast and hope to be retiring or entering my ‘renaissance’ in the next five years or so. I’d like to know if you think the 50, 30, 20 rule is still a good rule of thumb, or is there a better one? About a year ago, I decided to give a presentation on pensions to the new starters at my workplace. As I prepared, I realised that while I could explain the mechanics and importance of pensions, the bigger challenge would be addressing the feeling many have that they "can’t afford" to contribute due to financial pressures—especially for younger people. Reflecting on my own experiences during university and early work life, I noticed a pattern: no matter how much I earned, I always seemed to end up with zero by the end of the term or month. Earning more didn’t make me happier, and I was going out less compared to when I had very little. A detailed review of my spending revealed I was wasting money on unnecessary things—like buying three CDs instead of two, upgrading to a large coffee when a medium would do, or adding extras to my car that weren’t needed. It was only when I learnt to pay myself first that everything changed overnight. Recently, I’ve been listening to podcasts about retirement that emphasise health, purpose, and happiness. One by Dr. Chatterjee introduced the concept of core happiness versus junk happiness. Core happiness comes from meaningful, lasting fulfilment, while junk happiness provides short-term pleasure through things like sugar, smoking, alcohol, social media, or shopping. Looking back, much of my unnecessary spending was driven by junk happiness. While paying myself first helped control this, understanding the why behind it made a big difference. This led me to realise that my presentation shouldn’t just focus on the mechanics of finance—it also needed to explore the psychology behind spending. Understanding why we buy the things we do is important to becoming more financially secure while staying happy. It was something in one of Nischa’s videos that seemed to tie everything together at a high level: the 50-30-20 rule —50% for fundamentals, 30% for fun, and 20% for the future. So my question is ( I know I’ve gone around the houses so sorry about that) given today’s financial turbulence, do you think this is still a good rule to follow? Kind regards, Steve 09:16 Question 2 Hi Pete and Roger, Thanks for all the content you've put our over years, it really has been so helpful. I am 54 and have a work place pension with Fidelity where my employer matches my contributions to a certain level and I make additional through my monthly pay to the tune of £2.400 p.m. This summer I am due to inherit around £130,000 and will look to add around 20k of it into my pension fund. My question relates specifically to tax relief. I understand that when I make the contribution in the summer I will get 20pc tax relief automatically, but how will this show itself, will my contribution of 20k actually show on my pension balance a 24k? Also as a 40pc high rate tax payer I understand I will need to to complete a tax return to claim the additional 20%. This being the case, would I still be able to do this if I had left my employment later in the same tax year as I may be looking to retire in Autumn 2025. Would it be the case that as I was no longer a higher rate tax payer as at 4 April 2026 I would not be able to claim the extra 20pc on the 20k contribution the previous summer kind regards Gary 16:09 Question 3 Hi Pete & Roger, Firstly, I am absolutely addicted to your podcast. What you’re doing is nothing short of heroic and am waiting to see your names on the New Year Honours List. Sir Pete and Sir Roger has a nice ring to it, don’t you think? I am 34 and work in a career that gives me the opportunity to go on expat assignments (typically 3-year stints). This results in me becoming a non-tax resident in the UK meaning I can no longer contribute to the UK DC workplace pension and no longer able to contribute to my S&S ISA. My company do have an Offshore version of the DC pension but contributions to this are made after hypothetical tax so effectively there is no tax relief and to be honest I have really struggled to understand how I would access this pension come retirement and the UK tax implications so will likely avoid contributing to it this time around. When I go on an expat assignment, although I do get significant uplifts to my income, it interrupts my flow of regular pension and ISA contributions. The income I earn on assignment just mounts up and gets eaten up by inflation until I return to the UK and continue investing again. My question is what advice would you give to people like...
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    47 m
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