Money to the Masses

Last Call for Pension Questions

Thank you to everyone who has sent in their pension questions ahead of Friday's (15th May 12pm) Live Facebook Q&A. We have received a large number of questions covering a range of topics including pension transfers, lifetime allowance, accessing tax-free lump sums, pensions vs stocks and shares ISAs and much more.

Please do keep sending in your questions (just reply to this email) and we will do our best to get them answered anonymously during the session.

Enjoy this week's newsletter.

Damien Fahy
MoneytotheMasses.com founder

Damien Fahy & MoneytotheMasses are regularly quoted in the national press including

Money to the Masses Podcast

Episode 270 - On this week's show we discuss the valuable financial lessons we should take from our time in lockdown. I also explain the importance of building an emergency fund and easy ways to do it. I reveal an online shopping hack that could save you hundreds of pounds before discussing how long you should keep different types of paperwork.

on iTunes on Android on Spotify via RSS

Listen

Damien's Midweek Markets Podcast

Episode 60 - The latest episode of my DIY investment podcast where I discuss what is happening in investment markets. This week I explain the importance of Amazon's share price and how it could impact the stock market rally.

on iTunes on Android on Spotify via RSS

Listen

Money tips and news

The best free apps to safeguard your family’s finances

Hundreds left baffled after being rejected by HMRC's self-employed support scheme tool

Can I get health cover if I have to rebook my cancelled holiday?

Travel firms try to charge families fees and taxes over cancelled holidays even as they struggle to get refunds they're owed

Millions of Britons dip into their savings or take on debt as incomes are hit by coronavirus crisis

Virgin Money u-turns on decision to suspend credit cards

Take Damien's Free Money MOT

Property

I sold my buy-to-let that I used to live in years ago. Must I pay capital gains?

How can I find a new place to live with social distancing in place

Estate agents get staff back to work to cope with 28% rise in lettings requests since start of lockdown

Coronavirus: Private renters need more help to 'ride out crisis'

Could you value your own home? And would your mortgage lender accept it?

How can we 'do the splits' on our mortgage?

Thousands of renters could be evicted in June. Will the government protect them?

Get a FREE Mortgage Review

Savings, Pensions & Investments

Can I cash in my pension before I turn 55?

Ask Money: how safe are my investments?

Pension vs Lifetime ISA: Which is best?

My employer has handed my final salary pension to an insurer

Does HMRC owe you a pensions tax refund?

What V-shaped recovery?

See the best & cheapest SIPPs

Reader's question of the week

Which are the best private sick pay schemes?

Now might be a good time to....

...best life insurance with pre-existing medical conditions

Money guide of the week

First-time buyer guide - Everything you need to know about buying your first home?

Newspaper Roundup

Best of the Sunday papers' MONEY sections

Best of the Sunday papers' PROPERTY sections

This Week's Video - Subscribe to our YouTube channel

This question was answered during the recent live Coronavirus Q&A in our community Facebook group, facebook.com/groups/moneytothemasses.

You can watch the full Coronavirus Facebook Q&A here: https://youtu.be/W4SCyrZccZg

Follow us on Instagram - @moneytothemasses

Recent events have highlighted the importance of having an emergency fund to protect yourself in times of crisis.⁠
⁠
💸 Why is an emergency fund important?⁠
⁠
• It can help cover unexpected expenses⁠
⁠
• It can prevent you from getting into debt⁠
⁠
• It allows you to get ahead of your bills and clear them in full as soon as they come in⁠
⁠
💸 I have no spare income how can I save?⁠
⁠
There are a number of tools that can help you to see where every penny is going. Budgeting apps such as Emma highlight wasteful subscriptions and app-only banks such as Monzo and Starling allow you to save while you spend with handy 'round-up' features.⁠

Find us on Facebook - Money to the Masses

Join the chat in our Facebook group https://www.facebook.com/groups/moneytothemasses/

Follow us on Twitter - @money2themasses

80-20 Investor vs. The Market - Aug 2014 to March 2020

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Funds invest in shares, bonds, and other financial instruments and are by their nature speculative and can be volatile. You should never invest more than you can safely afford to lose. The value of your investment can go down as well as up so you may get back less than you originally invested. Tax rules can change and benefits depend on individual circumstances.

Information provided by MoneytotheMasses.com and 80-20 Investor is for general information only and not intended to be relied upon by readers in making (or not making) specific investment decisions.

Appropriate independent advice should be obtained before making any such decisions. Leadenhall Learning (owner of MoneytotheMasses.com and 80-20 Investor) and its staff do not accept liability for any loss suffered by readers as a result of any such decisions.

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