Money Tips Podcast

By: Charles Kelly
  • Summary

  • Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business. Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation. For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

    2024 Charles Kelly
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Episodes
  • When Will Bank of England Cut Interest Rates?
    Oct 24 2024

    In this Money Tips Podcast:

    Inflation has fallen from 11% to 2.2% yet the Bank of England base interest rate remained at 5%.

    Energy prices will rise by 10% in October – time to fix your deal.

    “Painful budget” could see higher capital gains (CGT) and inheritance (IHT) taxes, the end of the single persons council tax discount and a possible wealth tax.

    Section 24 landlord tax forcing landlords to rethink buy-to-let, but the is a solution.

    Protect your assets.

    Watch video version - https://youtu.be/Tq1P2UbYp4A

    Labour Hint Of Wealth Tax, Higher Inheritance and Capital Gains Taxes And “Painful” October Budget

    Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich.

    Watch full video version - https://youtu.be/P0WTdbIAuks

    How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

    The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

    Watch video version - https://youtu.be/Wx1HXgVW1bM

    Section 24 Landlord Tax Hike

    Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

    Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

    Watch video now: https://youtu.be/aMuGs_ek17s

    #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #UKProperty #PropertyInvestment #RentToRent #JointVenture #NoMoneyDown #PropertySourcing #CharlesKellyMoneyTips #FinancialFreedom #PropertyDeals #bankofengland

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    14 mins
  • 500,000 Millionaires Will Leave UK Says Swiss Bank Wealth Report
    Oct 17 2024

    As Labour warn of a “painful” budget and a “broken” economy, the wealthy are leaving the UK or making plans to relocate to lower tax countries.

    The Swiss bank, UBS, predicts it its latest Global Wealth Report that 500,000 millionaires will leave the UK by 2028, a 17% fall.

    Watch video version - https://youtu.be/P3AaRyeqZfA

    The FT said the UK will lose the most millionaires among the countries covered by UBS due to a combination of threatened ‘non-dom’ taxation, higher taxes and Russian sanctions, which has also seen billions flow out of the country.

    UBS’s report estimates that $83.5tn of wealth would be transferred within the next 20 to 25 years.

    This puts in doubt London's position as a haven for the global elite, currently a haven for the third highest number of dollar millionaires after the US and China.

    At the same time, low growth and high taxes and regulation is moving global investment to countries where the see more opportunity in Asia, North and South America and Africa, according to the media tycoon Sir Martin Sorrell.

    Taiwan has seen the highest growth of millionaires largely due to high tech growth businesses in the microchip sector.

    Labour Hint Of Wealth Tax, Higher Inheritance and Capital Gains Taxes And “Painful” October Budget

    Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich.

    Watch full video version - https://youtu.be/P0WTdbIAuks

    How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

    The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

    Watch video version - https://youtu.be/Wx1HXgVW1bM

    Section 24 Landlord Tax Hike

    Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

    Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

    Watch video now: https://youtu.be/aMuGs_ek17s

    #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards

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    12 mins
  • Game-Changing Renter’s Rights Bill Explained - What Landlords And Tenants Should Know As New Government Bill Introduced To Parliament
    Oct 11 2024

    Prime Minister Sir Kier Starmer presented the Renters Rights Bill to Parliament on Wednesday during PM Questions.

    Watch video version - https://youtu.be/iqXll_itlNA

    The Bill appears to be a rebrand of the Conservatives Renters Reform Bill which failed to become law before Rishi Sunak’s disastrous snap election.

    I would urge you to read to Bill or at least the ‘Guide’ published here: https://www.gov.uk/government/publications/guide-to-the-renters-rights-bill/82ffc7fb-64b0-4af5-a72e-c24701a5f12a

    Many landlords are retiring, considering their options or selling up after years of landlord bashing, red tape and higher taxes under Section 24.

    Less new landlords are entering the market in such great numbers due to higher mortgage rates, stricter lending criteria and lower yields on but-to-let properties as prices have risen much faster than rents.

    The Renters' Rights Bill 2024 signals a major shift in the dynamics of the private rental market. While these changes aim to protect tenants and ensure fair practices, buy-to-let landlords will need to adapt to new regulations and potentially alter their investment strategies. Smaller landlords could be pushed out by corporates and hedge funds looking to build or buy thousands of properties for rental.

    Section 24 Landlord Tax Hike

    Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

    Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

    Watch video now: https://youtu.be/aMuGs_ek17s

    #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #rentersrightsbill #rentersreform

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    38 mins

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