The Psychology of Money book was written by Morgan Housel in September 2020. It is a self-help finance book around 250 pages. Written to provide timeless and simple information for ordinary people to relate to. With the aim to provide clear and concise advice and straightforward plan towards the behaviour […]
The Fastest Way to pay off Debt !
The 1st rule of personal finance should be to eliminate unnecessary bad debt. Before you even consider the idea of saving, investing or trying to create wealth. Most people struggle financially on a day to day basis, because they may be burdened with bad debts to fund day to day […]
Rich Dad, Poor Dad – book review
Rich Dad, Poor Dad is the best selling International book written by Robert Kiyosaki, way back in 1997. The book provides a valuable insight into a new concept to achieve your financial dreams and aims. Whereby you will become very rich and you will learn to make money form for […]
What is a small pots pension ?
So what exactly is a small pots pension ? A small pots pension in a pension pot below £ 10,000 in value So how do people get to have a small pot ? Thanks to the introduction of Auto Enrolment (AE) from 2012, it is now compulsory for employer’s to […]
What is the Money Purchase Annual Allowance ?
What is the Money Purchase Annual Allowance (MPAA) ? Quite simply, if you start drawing an income from a Defined Contribution (DC) pension in a flexible manner. The amount that you can contribute in future might be reduced or restricted. This is known as the Money Purchase Annual Allowance or […]
Auto-enrolment pensions – a basic introduction
Since 2012, Auto-enrolment has been introduced in stages. Whereby a employer must offer it’s workforce a Defined Contribution pension scheme. All employee’s will be automatically enrolled. With the aim of giving them a better income in their retirement. In addition to the basic state pension. So what is Auto-enrolment ? […]
What are relevant earnings, with regard to UK pension contributions ?
I am thinking of making contributions to pension fund within the UK. But are you confused as what income or relevant earnings or level of pension contributions that count towards claiming pension tax relief. What amount can I pay in within the tax year ? As this subject, appears to […]
Can I cash my complete pension pot in one go ?
Firstly, can somebody cash in their complete pot in 1 go. Well quite simply yes you can. Under current UK pension rules the earliest anybody can access a pension is 55 (this is known as minimum pension age or MPA). Although it will be increased to age 57 on 6th […]
Can I defer my UK state pension ?
Firstly, am I allowed to defer claiming my UK state pension ? In the United Kingdom at present the state pension is currently 66 (as May 2024) for both men and women since being equalised. However though, this due to gradually rise to age 67 for all individuals between 2026 […]
Disclaimer
My blog posts published on the Moneyminted.co.uk website are provided for information and educational purposes only. They don’t constitute as personal financial advice. The aim of this blog is to create and provide financial information and recommend products that can enhance and improve your investment knowledge. So you too can […]
New Personal finance changes as of April 2024
So let’s look at the new changes that have been introduced for April 2024. The start of any new tax year normally brings a raft of changes that will impact the personal finances of individuals. New bandings and rates are usually implemented on 6th April being the start of each […]
What is flexible retirement income (pension drawdown) ?
So what is Flexible retirement income, also often referred to as pension drawdown or Flexi-access drawdown (FAD). It is a way to control how much you take out of your Defined Contribution (DC pot. As a way to fund your income in retirement. The aim is to give you flexibility […]
How to access your pension by a number of lump sums ?
So how does somebody access a UK pension by a number of lump sums ? Under current rules, it is up to you how and when you can access a UK pension from the age of 55. Although this will be increased to age 57 from 6th April 2028. You […]
How do I buy a pension annuity ?
An Annuity is a pension product that provides someone with a guaranteed income in retirement. You can buy an annuity with all or some of your pension pot. Which will pay an income for life for a number of years (known as fixed term). On initially buying you can draw […]
How to spring clean your finances
How to spring clean your finances ? Most people see the time of January as a time to reflect on their current personal position. Whether that relates to finance, health, goal setting and aims for the year. However the idea of changing your financial situation for the greater good can […]
What is Investment Pathways – when accessing a pension via drawdown ?
So what is Investment Pathways – when somebody accesses a pension via drawdown Since the Introduction of Pensions Freedom in 2015, the way of accessing a DC pension has completely changed. With the aim of giving people more flexibility. Beforehand, you would had to buy an annuity through a pension […]
How to pick good quality dividend stocks ?
So how do you pick so-called good quality dividend stocks ? The aim for any successful investor is to get the fundamentals of investing right. So you can improve your chances of success. You don’t have to get every investment decision right. But it can limit your losses and number […]
About Page
Hi, my name is Dave Robinson-Murray. The aim of this finance blog is to help people to attain their goals and dreams. Through teaching the basics of personal finance. Personal finance is a subject that we don’t teach in school. However, it should be considered a necessity. This blog will […]
Top Tips to managing an successful investment portfolio
So what are the top tips for creating and managing a so-called successful investment portfolio. Whereby your investment portfolio may contain varying asset classes such as cash, bonds, stocks, funds, investment trusts. However creating and managing how that portfolio is run involves a lot more work than simply investing your […]
How to build a simple investment portfolio
So do do I build a simple Investment portfolio ? For those of you new to investing. The idea of creating an investment portfolio may seem daunting and frightening but it shouldn’t be. You need to get the basics right and it ultimately depends on 2 things when starting out. […]
the 1st £ 100,000 is hard the rest is easy
The idea of building wealth or creating a sizeable investment portfolio may appear daunting or investing at first, when starting out on your investment journey. With regard to the subject of investing it may be the hardest or biggest challenge you face. Your end game may be to create a […]
Website – Privacy Policy
Who we are ? Our website address is: https://moneyminted.co.uk. Affiliate links: I want to advise users that I use affiliate links on this website. Which means that when you buy a product or service using any of the adds or links I will receive a referral commission payment. However in […]
How do I take 5 simple steps to build a larger pension pot for retirement ?
Most people’s aim in live is to retire with a comfortable and sizeable pension pot. So they can enjoy a rewarding and fulfilling live of retirement after working for most of their lives. But how can we achieve what may seem an impossible dream or daunting achievement for most people […]