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The Meaningful Money Personal Finance Podcast

Annual Allowance and Lifetime Allowance - Pensions Masterclass 5

The Meaningful Money Personal Finance Podcast

Pete Matthew

Education, Business, Investing

4.91.7K Ratings

🗓️ 5 September 2018

⏱️ 29 minutes

🧾️ Download transcript

Summary

If you haven’t picked up from the previous 275 episodes that I think pensions are pretty cool, then I don’t know what else to do to help you realise that. With tax relief on the way in, tax-free growth while the money is held inside, and massive flexibility on the way out, pensions really are the king of wealth building vehicles. But all this cool stuff comes with limits. Limits on how much you can put into a pension each year, and how much you can hold within a pension in total. Today I want to cover some those allowances, and show you how to make the best of them.

Transcript

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0:00.0

Hi folks and welcome to the Meaningful Money Podcast season 11 episode 5.

0:04.0

This is the podcast dedicated to helping you put your finances in order.

0:15.0

My name is Pete Matthew and I'm going to share with you everything you need to know and everything you need to do to secure your financial future.

0:22.0

I'm here to help you make sense of money.

0:24.0

Here we are once again another fairly early morning recording session just to

0:37.3

fit it in so if my voice is a little croaky then that's why. If you haven't

0:41.4

picked up from the previous 275 episodes of this show that I think

0:46.8

pensions are pretty cool and I don't know what else to do to help you realize that

0:50.4

with tax relief on the way in tax-free growth while the money is held inside a pension

0:56.0

and then massive flexibility on the way out in most cases, pensions really are the king of

1:00.5

wealth-building vehicles. But all this cool stuff comes with limits,

1:04.8

limits on how much you can put into a pension each year, how much you can hold

1:08.1

within a pension in total, and today I want to cover some of those limits, they're

1:11.7

called allowances, and show you how to make the best of them where possible.

1:15.6

All right, so that's where we're going today. After that, we're going to look at a couple of reviews that have been left,

1:19.2

announce what we're talking about next time, usual before all that they'll remember this

1:23.3

podcast is brought to you with the help of my friends at seven investment

1:26.0

management who specialize in something called multi-asset investing which I

1:30.0

talk a lot about here and I reckon that should form the core of most people's

1:34.4

portfolio. Seven I am have been helping me out here on meaningful money for gosh what is

1:39.3

it? Yeah spring 2011 so more than seven years seven and a half really, and I'm so grateful to them for doing that.

1:45.0

They have made it very easy, you know, provided equipment, hosting, the reason this show sounds as good as it is,

...

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