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⚡ Please Forward Me to A Friend! ⚡
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“Life shrinks or expands in proportion to one’s courage.” -- Anais Nin 💫
Good morning,
You will have certainly seen that on Monday Philip Hammond presented his Budget to Parliament. The main takeaway is that most people will pay less income tax from next April (April 6th is the start of the new fiscal year, to be precise) for 2 reasons:
- Personal allowance will rise from £11,850 to £12,500 from April, meaning a higher proportion of income will be untaxed for most people (£155 a year in your pocket if you earn between £12,500 and £50,000, and an extra £566 if you earn between £50,000 and £100,000),
- The higher rate tax threshold will rise from £46,350 to £50,000 from April, meaning higher rate taxpayers will be better off but at the same time these higher earners will have to pay higher national insurance.
For a full debrief on the Budget, you can read these great and detailed articles by MoneySavingExpert and Sarah Pennells.
This is what happened since last week:
1/ 20 of you attended the Intro to Investing workshop on Tuesday night
2/ I had my kick-off meeting with the excellent team at Teamspirit (remember we won their #ForTheBetter Award). We will be working together on Vestpod over the coming months to improve financial health.
Have a good day!
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What On Earth
Are We Doing With Our Money?
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Welcome to our new money section! You may already know Refinery29’s Money Diaries… this is our own version of it! We’ve put together a few questions to understand what women are doing with their money. Let’s break the taboo and talk more about finances!
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On our minds this week:
🙋 “On the face of it, things look (relatively) good for female entrepreneurs and business women in the UK [...] But there is also much evidence that it takes something special for female founders to secure funding”. Great article by Helena Morrissey on LinkedIn, also mentioning Vestpod
💸 CEOs say they want to promote women yet lack the plans to do so. Bloomberg
📈 What should I do when the stock market crashes? Boring Money
💛 Dear female founders, where are you hiding? By Emilie Maret of The Family
📒 Angel investor Jenny Tooth: 'Women don't ask for the money they need'. The Telegraph
👊 The Skimm Brains: 7 million people wake up to their newsletter, and their voice, every morning. The Cut
👀 ‘How we’ll win the other half’: what does it mean to be a man in a post-Me Too world? A new series looking at men's views of feminism in Quartz
⚡Monzo, the UK challenger bank, raises £85mn Series E at a £1bn pre-money valuation. TechCrunch
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MoneyTalk With
Sarah, Entrepreneur, Mum, Fighter!
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I met Sarah a few months ago in Surrey at Liana’s amazing Inspiration Space. She is an entrepreneur, a mum and a real fighter. She will tell you all about her work and life experiences and how she managed to build up a strong passive income for herself. Go Sarah!
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Can I Do Something I Love
& Still Make Money?
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Forget bucket-lists: do what you love every day (at least for 15 minutes…)
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Do you want to continue our discussion online with the community? Join our Private Facebook Group here.
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