Why have crypto prices soared in the past week - and do you need to pay tax on profits?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 15 November 2024
⏱️ 67 minutes
🧾️ Download transcript
Summary
But Donald Trump gets voted back in as US president and boom - bitcoin surged beyond $90,000 for the first time.
The rest of the crypto market has also seen a boost, so what's going on? Where is it likely to head next and what do you need to be aware of if you are cashing out your gains?
Simon Lambert, Lee Boyce and Georgie Frost delve into bitcoin and friends to give their verdict.
The number of Isa millionaires has soared, with a 228% jump of investors joining the club in just two years.
And there are 25 of them who hold an average of £8.9million. Just how do you build such a big pot? Britain's first Isa millionaire, Lord Lee, gives his three tips.
Fresh from her Budget speech, the Chancellor has announced plans to use our pension savings to boost economic growth by creating megafunds. Just what are they?
We tackle an tricky question about IHT and giving away a home.
And finally, Lee's Collecting Corner is back... this time, he reports from a trading card, and reveals two Paddington themed treasures sent in by readers... a 50-year-old stuffed toy, and a limited edition signed print snapped up at a charity shop for just £30.
Transcript
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| 0:00.0 | Welcome to This Is Money podcast sponsored by Charles Stanley Direct. |
| 0:06.0 | I'm Georgie Frost and joining me and Simon Lambert today is Lee Boyce. |
| 0:10.0 | And coming up, crypto is back, baby. |
| 0:14.0 | What's driving the price up? Where will it go next? |
| 0:17.0 | Caching out on your gains? Beware the CGT trap.. Also, the number of ISA millionaires is up 228% in just two years. |
| 0:26.6 | We have tips from Lord Lee on how you can become one too. |
| 0:30.6 | Not Lord Lee Boyce. This is actually a real Lord. |
| 0:33.6 | Also today, Labour's new pension mega fund. What is it and what will it mean for our retirement |
| 0:39.2 | savings? Ways to get around inheritance tax when giving away your home and Lee's collecting |
| 0:44.6 | corner is back. Don't forget this update with all the latest breaking money news. Just go to |
| 0:50.0 | this ismoney.co.uk or download the app. |
| 1:01.4 | Take control of your finances with Charles Stanley Direct, invest, save, coach or plan, |
| 1:06.0 | using technology where it's helpful and people where it matters. |
| 1:11.7 | Our website and app make trading cost effective and flexible, but we're more than just an online investment service. We're here for you, regardless of your financial needs, or if your life |
| 1:17.1 | takes an unexpected turn. Your finances, your way. Take control today with Charles Stanley Direct. |
| 1:25.2 | Sign up now. Investment involves risk. |
| 1:33.5 | But first, crypto has been a bit quiet of late, out of the spotlight, just minding its own business. |
| 1:34.9 | Then Trump gets voted back in and boom, Bitcoin's surge beyond $89,000 for the first time. |
| 1:41.3 | The rest of the crypto market has also seen a boost with coins such as |
| 1:45.5 | Cadano, Solana and Dogecoin also jumping on the back of the rises. So what is going on? |
| 1:52.5 | Where is it likely to head next? And what do you need to be aware of if you are cashing out on your |
| 1:58.1 | gains? Welcome to the pair of you. |
... |
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