Intelligent Money - your investment questions answered

[Bonefish Blues]

I'd rather go fishing Julian. Any chance of sponsoring a Bahamian Bonefish Flat?

























Thought not

[JulianPH]

Kingdom35 said:

JulianPH said:

That would be rather helpful!

I trust you will both enjoy the race weekend. Saturday gives you both full access to the VIP paddock and Sunday is the full hospitality day with breakfast in the VIP paddock with the drivers, pit lane tour and grid walk.

So if you want to make it a day rather than a weekend then Sunday is the day to go for. Alternatively, we have had confirmation that your passes will allow you to take different guests on different days.

It sounds like you have a good year of racing events planned with your Dad, which is brilliant!

Hi Julian

Im in amazement, that is unbelievably generous. If theres anything we can do to help promote your brand while there then please just let me know. As I said before I have a side line making car graphics etc, if you need any for your own business just let me know, il be happy to help.

I will PM you our details, il speak to my Dad, he will be over the moon and probably wont believe me to be fair. But il comeback to you asap

Thank you so much

No problem at all!

It is no fun if you don't share it!

[Kingdom35]

JulianPH said:

No problem at all!

It is no fun if you don't share it!

Very true but still, that is exceptionally kind of you and the company.

[JulianPH]

Bonefish Blues said:

I'd rather go fishing Julian. Any chance of sponsoring a Bahamian Bonefish Flat?

























Thought not

Hello mate!

Good to hear from you again John. You can be certain that when I find fishing as exciting as racing cars, then I will be there with me cheque book!

[Simpo Two]

JulianPH said:

You can be certain that when I find fishing as exciting as racing cars, then I will be there with me cheque book!

Caribbean cruises are really exciting Julian - you could fit all your clients on one AND the side of the ship would be perfect for a 900-foot IM logo

[Bonefish Blues]

Only one way to find out Julian. Two tickets to Crooked Island it is then

[JapanRed]

Hi Julian et al. I’ve never posted in this thread before but here goes. My head is all over the shop at the minute when it comes to finances. I suspect one of the best things I could do financially is pay into pensions.

Myself and my wife both work for the NHS and are members of that very generous pension scheme. Neither of us have pensions elsewhere. Neither of us are reaching the £40k annual allowance as we are both part time. We are 35 and 34 years old. I have £150k in a ltd co which I am sole director of.

I’m considering paying a chunk of this into pensions for us but have a few questions;

1) Should I pay lump sums into our NHS pensions?
2) Should I open new pensions, if so what? Would this be called a SIPP?
3) What are the differences between the above?
4) I’m the sole director of my ltd co. My wife is a shareholder - I’m assuming the Ltd co can pay into her pension as well as mine, is this correct?

I know you can’t give specific financial advise but if someone could give me an overview of my options I’d much appreciate it.

Thanks. Rob

[JulianPH]

Simpo Two said:

JulianPH said:

You can be certain that when I find fishing as exciting as racing cars, then I will be there with me cheque book!

Caribbean cruises are really exciting Julian - you could fit all your clients on one AND the side of the ship would be perfect for a 900-foot IM logo

The first suprise (to me) is that I said "me" rather than "my". Can't even be considered a typo really, just stupidity!

Dyslexia - why is this word so hard to spell!

I make up for this when in comes to numbers!

There is no 900 foot yacht in existance. The largest is less than 600m. You keep tempting me with floating things though - ! and I keep looking at them!

Cheer mate.

[superlightr]

JulianPH said:

Simpo Two said:

JulianPH said:

You can be certain that when I find fishing as exciting as racing cars, then I will be there with me cheque book!

Caribbean cruises are really exciting Julian - you could fit all your clients on one AND the side of the ship would be perfect for a 900-foot IM logo

The first suprise (to me) is that I said "me" rather than "my". Can't even be considered a typo really, just stupidity!

Dyslexia - why is this word so hard to spell!

I make up for this when in comes to numbers!

There is no 900 foot yacht in existance. The largest is less than 600m. You keep tempting me with floating things though - ! and I keep looking at them!

Cheer mate.

thinking of the future...... Monte carlo - PH yacht - assortment of out of place looking Pistonhead guys grinning from the tiers & cant believe their luck. Mr Julian with his captain hat on - another day at the office.....



keep up the PH equity good work !

[anonymous-user]

JulianPH said:

Dyslexia - why is this word so hard to spell!

I make up for this when in comes to numbers!

There is no 900 foot yacht in existance. The largest is less than 600m.

Errrm…. I thought you were claiming to be good with numbers.

Google tells me that 600m = 1,968 feet.

[JulianPH]

rockin said:

JulianPH said:

Dyslexia - why is this word so hard to spell!

I make up for this when in comes to numbers!

There is no 900 foot yacht in existance. The largest is less than 600m.

Errrm…. I thought you were claiming to be good with numbers.

And this proves my point (feet/inches not being numbers)!

300 feet, not metres, is what I meant!

Azzam, the current largest in the world is 590 feet.

Well spotted though, my post was completely wrong!

[Simpo Two]

JulianPH said:

There is no 900 foot yacht in existance. The largest is less than 600m. You keep tempting me with floating things though - ! and I keep looking at them!

OK I'll have to fill in the rest of my cunning plan.. 900' was my rough memory of the length of P&O's Arcadia, which is very nice and has lots of room. The exact length, having looked it up, is 285m, ie about 900' in proper money. So all you need to do is get P&O on the blower and charter it... tax deductible of course... pop the banner on the side - now THAT is 'banner advertising' lol... and just hand it back when we return to Southampton.

rockin said:

Errrm…. I thought you were claiming to be good with numbers

That's two goals he's let in in a week :-)

[anonymous-user]

I tell you what - this seems to be coming together quite nicely. Always available for a bit of a day out in the Med. Cheeky breakfast on deck, couple of G&Ts by the pool and then slip over to La Rascasse for the race!

[mikeiow]

JulianPH said:

superlightr said:

thinking of the future...... Monte carlo - PH yacht - assortment of out of place looking Pistonhead guys grinning from the tiers & cant believe their luck. Mr Julian with his captain hat on - another day at the office.....



keep up the PH equity good work !

I think I can add something extra to that list!

Breakfast (on the deck or in you cabin), obviously!

I can confirm that the Windstar yacht fits very nicely in Monte Carlo harbour: we were lucky enough to spend a few days on it some years back as a “work reward” trip which ended with us filling a large chunk of the harbour there and enjoying a black tie night at the Sporting Club: happy days

I’ll take the role of Chief Cook and Bottle Washer: it’s a tough job, but someone has to do it

[JulianPH]

Before I get on with getting you lot to pipe down with the yacht suggestions (thanks a bunch! ) I need to make people aware of something.

A rather amateur fraudster has decided to "clone" Intelligent Money and cold call people, passing themselves off as us.

I am sure it is not a coincidence that this has happened straight after the IM British GT Championship was announced.

You can find details here:

https://www.fca.org.uk/news/warnings/intelligent-m...

This is of no threat to our clients, as they have absolutely no way of accessing our systems or data, nor is this their intent.

They are simply cold calling random people pretending to be us.

So everyone is aware:

• We do not, never have and never will cold call people.

• Our phone number is 0115 94 84 200 (with direct lines all starting 0115 934 88 XX).

• Our website is intelligentmoney.com (though you can use .co.uk, which redirect to .com) and email addresses are first [e-mail] (with the exception of mine, which is [e-mail] - this goes through to my PA though for filtering, so PM me to come direct).

• The fraudster uses intelligentmoney.club and a 0208 phone number. These are nothing to do with us.

Cheers

Julian

[Jasey_]

Scammers pretending to be you - I guess that is a form of recognition.

fkers !

Them - no you

[JulianPH]

JapanRed said:

Hi Julian et al. I’ve never posted in this thread before but here goes. My head is all over the shop at the minute when it comes to finances. I suspect one of the best things I could do financially is pay into pensions.

Myself and my wife both work for the NHS and are members of that very generous pension scheme. Neither of us have pensions elsewhere. Neither of us are reaching the £40k annual allowance as we are both part time. We are 35 and 34 years old. I have £150k in a ltd co which I am sole director of.

I’m considering paying a chunk of this into pensions for us but have a few questions;

1) Should I pay lump sums into our NHS pensions?
2) Should I open new pensions, if so what? Would this be called a SIPP?
3) What are the differences between the above?
4) I’m the sole director of my ltd co. My wife is a shareholder - I’m assuming the Ltd co can pay into her pension as well as mine, is this correct?

I know you can’t give specific financial advise but if someone could give me an overview of my options I’d much appreciate it.

Thanks. Rob

Hi Rob

Nik will be along shortly to address the question of paying into your NHS pension as he has experience in this that I don't (which stemmed from the fact he was an option in a previous life!).

Personal Pensions and SIPPs (which are simply Self Invested Personal Pensions) are largely the same things these days as they all allow you to self invest (that is chose your own investments).

Our Private Client Pension, for example, allows you to pick, mix and switch between any of our investment portfolios, but it also comes with full SIPP commercial property functionality, enabling you to invest your pension into commercial property and have it receive the rent from this.

This is very popular with anyone that runs a business (including those in the medical profession).

Making pension contributions directly from you limited company is highly tax efficient, they do need to be seen as being reasonable though (so not in excess of profits, for example).

As your wife is not a director this may cause issues with making contributions for her though, unless she is an employee of the company (i.e. on the payroll, even in a small way).

Company pension contributions are made gross, so their is no income tax, employer NI and employee NI to pay and they are a deductible expense for corporation tax.

I hope that has answered everything (apart from the NHS pension point, which Nik will address), but as this is quite complex I would suggest you get in touch with Nik directly at [e-mail] and go over this on the phone (or face-to-face) to see what all your options are.

He won't tell you which one is the best for you (as you say, that would be advice), but he will give you complete information and guidance on all of your options (in plain English) that will usually result in the best course of action being blindingly obvious to you!

Cheers

Julian

[JulianPH]

superlightr said:

thinking of the future...... Monte carlo - PH yacht - assortment of out of place looking Pistonhead guys grinning from the tiers & cant believe their luck. Mr Julian with his captain hat on - another day at the office.....



keep up the PH equity good work !

Cheers on the PH Equity comment - today up 12.36% over the last 12 weeks!

Sod of with the Monte Carlo PH yacht comment though!

[JulianPH]

Bonefish Blues said:

Only one way to find out Julian. Two tickets to Crooked Island it is then

That is very kind of you John, I look forward to your generous gesture.

[Rewe]

Hi everyone,

I'm a first time poster here and financial novice - please be kind!

I'm after some general advice. I'm thinking about taking early retirement from one field to start in a new one. As part of this, I would get about £85000 in a lump sum. My mortgage is about £110K currently. Would I (typically) be better off reducing my mortgage or investing in something? I am very risk averse. What are the general pros and cons or "gotchas"? Does being a higher/lower rate tax payer have any impact?

Thanks in advance?