The Money Planner with Warren Shute

The Money Planner with Warren Shute

By Warren ShuteEducation
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The Money Planner with Warren Shute episodes

  • Episode 109: Check your tax details - it could be costing you thousands
    The UK tax system is notoriously complex, and it's not just our ‘cash income’ such as salary and bonuses that we pay income tax – we also pay it on any benefits in kind (BIK) or ‘non-cash benefits’ that we receive in employment.
    You should be aware that they can be deceptively unkind in tax terms, despite their name, watch this episode to discover more.
    4 min
  • Episode 108: Essential actions to take before the year ends
    Your New Year’s Eve celebrations may seem a distant memory, and for many of us when we start a new year we commit to some resolutions; goals that we’d like to accomplish in the following twelve months.
    However, if you're struggling to complete your financial goals for the year, how can you get back on track?
    6 min
  • Episode 107: Snowball your way out of debt - learn a debt repayment system that works!
    With interest rates rising and the economy being so uncertain, now more than ever you need to be financially secure. A great way to increase financial security is to repay your debt, but it’s not easy, is it.
    I use a process that’s different to most others when it comes to getting debt-free, because it focuses on making you feel good as you go along your debt repayment journey.
    It’s called the Snowball System because your little decisions will build up to make a big difference.
    10 min
  • Episode 106: Is it time to get out of the stock markets?
    A lot of people are stressed out by a lot of things at the moment - Markets are down, prices are up, and interest rates are rising.
    So should you be thinking about cashing out your investments, and leaving the stock markets? Watch this podcast to find out more.
    For more financial planning help please visit www.warrenshute.com
    7 min
  • Episode 104: Should you invest your money in property or in the stock market?
    In recent years we’ve seen a resurgence in property investing brought on partly by the stamp duty holiday. But what should you do when it comes to your money? should you invest it into a property? or should you invest it in the stock market?
    In this episode, I will detail the reasons why I believe equities make better investments than property.
    For the article visit:
    https://warrenshute.com/saving-investing/should-you-invest-in-property-or-shares-why-it-pays-to-back-global-plc/
    11 min
  • Episode 103: Should you change my investment portfolio considering the news?
    After touching record highs in early January, many world markets have pulled back from their highs, and investors have been confronted with worrisome headlines in the financial press regarding record inflation and more recently the Russian invasion of Ukraine.
    Is rising inflation and Russia’s invasion a negative for equity investors? Do large losses in a handful of popular stocks signal a downturn ahead for the broad market?
    Listen to my podcast to discover whether you should change your investment portfolio based on the current news and events.
    For my article visit:
    https://warrenshute.com/financial-news-events/should-i-be-changing-my-portfolio-considering-the-news/
    For other financial planning articles about investing, pensions or debt please visit: https://warrenshute.com
    11 min
  • Episode 102: Tax allowances for your year-end tax planning in 2022
    With the cost of living increasing and our electricity bills looking more like Elton John’s florist bill, we thought it even more pertinent to tax plan this season and maximise our savings.
    While tax planning is an important part of financial planning, it is not the only part. It is essential that any tax planning strategy that is being considered also makes commercial sense.
    In this bumper episode of the money planner, I discuss the tax allowances you can discover in a number of areas, as listed below.
    1:24 Working From Home Tax Breaks
    4:41 Income Tax Thresholds
    8:08 Income Tax Planning
    12:07 Marriage Tax Allowance
    13:14 Reducing Net Income
    16:07 Dividend Allowance
    16:48 Capital Gains Tax Planning
    21:40 Inheritance Tax Planning
    23:47 Gifting Money Allowance
    29:17 Savings & Investment
    30:41 ISA Tax Allowance
    32:26 EIS & VCT Tax Allowance
    35:06 Investment Bonds Allowance
    36:52 Pension Tax Allowance
    42 min
  • Episode 101: What is Inheritance Tax? and what tax reliefs are available?
    Inheritance tax is becoming a concern to more and more people. A simple yet effective way of planning is to use exemptions and reliefs and use of the normal expenditure out of income exemption can be particularly useful.
    It is a fact that inheritance tax receipts are increasing and the number of families paying inheritance tax is now at a 35 year high. In 2009/10 2.6% of deaths gave rise to IHT. In 2015/16 this was 7.1%. And the expectation is that the tax receipts will increase still further with a prediction of £5.6 billion from tax year 2020/21.
    Inheritance tax is obviously affecting more estates and will continue to do so.
    Many people will be keen to take practical action that can reduce the impact of the tax without materially affecting their standard of living or financial security.
    24 min
  • Episode 100: How much do you need for your retirement?
    How much is enough for you to retire? What’s your number?
    None of us are getting any younger and time flies faster as we age, so it’s important to plan ahead for retirement, a period of our life that could last 40 years.
    My wife gets frustrated with me when I spend more time planning our retirement than I do our summer holiday, but it’s a no - brainer... isn’t it?! We all have what I call a wealth window, a limited period of time to create the wealth to see us through our retirement.
    As this window gets smaller, it’s harder to climb through. If you have 10 years to go before you plan to retire, you have 120 more paydays to secure your retirement. Is that enough?
    17 min

About The Money Planner with Warren Shute

From the publisher's feed

My name is Warren Shute, and I am one of the UK’s leading Financial Planners and a bestselling author of The Money Plan. I realised there were many people who did not feel comfortable reaching out to a Financial Planner, either because they did not feel they earnt enough, had enough or were just put off by the term ‘Wealth Manager’.