1/10 for the scones at the #PA360 conference. Where’s the clotted cream! It’s also the wrong way round!
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Felix Milton
4.8K posts
Felix Milton
@Felix_Milton
One of the youngest Chartered Financial Planners in the country split between in Barnstaple, North Devon and Bristol.
Devon Katılım Şubat 2010
1.3K Takip Edilen785 Takipçiler
@DanNeidle @nairobiny @JohnRalfe1 Had a client do exactly this (albeit not intentionally)! DB pension in payment on divorce gave spouse £1.6m pension and reduced his DB income to £50k. They’ve remarried and now have £1.6m they didn’t have…
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@nairobiny @JohnRalfe1 Great scenario for a law student. Rubbish plan for a real person.
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Felix Milton retweetledi
The Tariff Act of 1930, put tariffs on 20,000 imports to protect US from foreign competition during Great Depression
Imports fell by 66% & exports fell by 61% & US GNP fell by 20% before it was abandoned with the view that tariff protectionism didn’t work
Will it be different now?
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Felix Milton retweetledi
Unequal distribution of fathers is one of the biggest inequalities in the UK.
95% there for those at the top, mostly not for those at the bottom.
My Times column: thetimes.com/comment/column…
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Felix Milton retweetledi
4⃣ Finally, note that 0.6 million people paid the additional (45%) rate in 2022-23, meaning less than 2% of taxpayers accounted for 34% of total tax.
That's not necessarily a bad thing, but remember this whenever anyone cries 'tax the rich!!' as if we're not doing so already!
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Good news if true! More Brits need to be encouraged to invest sensibly rather than hoard large cash sums.
Madeleine Ross@journomadeleine
NEW: "Rachel Reeves told to cut cash Isa limit to £4,000" In @Telegraph today - the latest in speculation about the future of cash Isas. Could the savings product be in the firing line? telegraph.co.uk/money/tax/rach…
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Felix Milton retweetledi
Felix Milton retweetledi
Natural gas:
- 58% of electricity generation right now. (Wind+solar = 10%)
- 62% over the past 24 hours. (Wind+solar = 6%)
- 47% over the past week. (Wind+solar = 15%)
Anyone who thinks that we can decarbonise the grid by 2030 with wind and solar is not serious.
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It is funny that Kier Starmer has taken a pay cut to be Prime Minister as opposed to his time as DPP. It’s obscene that any civil servant can be paid more than the prime minister, Prime Minister should be paid more than any other public sector worker.
Martin Lewis@MartinSLewis
Today's Twitter Poll: Should salary for all UK Prime Ministers going forward be raised to £300,000 from current £170,000? What's closest to your view Phones4U founder @JohnDCauldwell is reported to have suggested this saying “Who is in such a significant job and has to live on such a meagre wage? Not a meagre wage compared with the average person. It’s a massive wage to them. But for the scale of the job compared to his peers, he’s massively underpaid" As comparisons Average FTSE 100 CEO: £4m+ Highest civil service salary: c£600,000 US President Salary: €400,000 German Chancellor: £360,000 Premier of Belgium: €236,900 Supreme Court Justice: £226,193 First Minister of Scotland: £176,780 NHS Trust CEO average: £155,000 Spain PM: €90,000 London headteacher salary: £55,000 to £140,000 Sourced from open data on the web (not double-checked as its just a poll)
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11 years ago to the day I started my career as as a Financial Planner as a fresh faced 18 year old..! How time flies!
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@93_smithereens @laurapurkess It diverts the media attention away from the upcoming tax rises to something that doesn’t bother most people but generally would be seen as acceptable?
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@laurapurkess crucial distinction between Starmer and Sunak on this too: Sunak was regulating sales, Starmer appears to be banning a behaviour...
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Unsure why Starmer is wasting precious political capital on an outdoor smoking ban. DGMW, my cigarette days are behind me, and I absolutely abhor flavoured vapes more than I abhore pretty much anything else, but feels a bit...weird. Why now?
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Can State Pension experts confirm that the client can't do anything here? Client has 8 years NI contributions, no SP and is born in 1949 so qualifies under old SP. At the moment those born after 1951 can top up from 2006, which, if client could do, would also mean he qualifies for SP has he can top up 06/07, 07/08 and 08/09 based on the above from HMRC. Is it simply that the rules aren't extended to him due to when he was born? Seems to be an inadvertant unfairness!
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Fascinating article. Shows how easy it is to bend ESG rules to effectively claim net zero.
Amazon, Meta and Big Tech’s bid to rewrite the rules on net zero ft.com/content/2d6fc3… via @ft
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Just spoke to a 91 year old client who told me he cycled 30 miles yesterday! I hope I’m that fit when I’m his age!
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Felix Milton retweetledi
@s8mb It’s also a highly regulated area, so most err on the side of caution to not fall foul of any regulations. You can’t give personal advice on a forum such as X as you can get into trouble!
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This is very true (my own writing aside). I've often wondered if there's some kind of legal reason that Money Saving Expert doesn't ever recommend that people put their money into a diversified stocks and shares ISA instead of cash savings. And how much that has cost people.
O!@_ahmedMajeed
Financial advice I see on here for US vs. UK residents: US: Max out your 401(k), diversify with index funds, and use a Roth IRA ladder UK: if you only run your washing machine at 10pm and you only shop at Aldi on Thursdays, you can save an average £51 a year
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An idea I can get behind, however likely to negatively impact smaller employers. Most large companies I’ve seen already offer payments of this amount on a match basis for employees. Would suggest it prudent to instead make a forced match offer a better idea…!
Josephine Cumbo@JosephineCumbo
Britain’s biggest union body, the TUC, is calling on Labour to more than treble the employer pension contribution rate from 3% to 10%, if elected into power this week.
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Felix Milton retweetledi
"It's a big building full of sick people, but that's not important right now"
Sky News@SkyNews
Princess Anne and Hungarian footballer both in hospital with concussion - so what is it? Read more 🔗 trib.al/AwKEacO
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