Monty from @montylanefinance joins me on this episode of the podcast to talk all things investing.

Monty has grown his investment portfolio from £0 to £89,000+ over the last 3 years, spread across a Stocks & Shares ISA and SIPP, and is on his way to a six-figure investment pot.

That's a huge sum of money in a short space of time - so I wanted to find out how he did it.

We discuss Monty's switch from individual stocks to index funds and ETFs, the two investment platforms that he uses, as well as the five specific funds that Monty invests into to build his wealth.

Listen to the full episode for all the details!

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Iain from @IainJGeddes joins me on this episode of the podcast to talk about investing for your children.

If you don’t currently have children, this is useful future information. Even if you don’t want children, you can hopefully pass on this knowledge to friend's children, nephews and nieces.

We have three main options: Junior Stocks & Shares ISA, Junior SIPP, or using part of your own adult Stocks & Shares ISA allowance.

Each option has different pros and cons.

The key with the two ‘Junior’ options is that the money legally becomes your child’s at 18 (Junior Stocks & Shares ISA) or at 55 (Junior SIPP).

If you’re skeptical they may misuse the money, or you just want more control, you can use part of your own adult ISA allowance - assuming you have some left - to invest for your children.

The greatest asset that children have is time. Due to compound interest, even small amounts contributed today have the chance to grow for decades to come.

Listen to the full episode for all the details!

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📖 Buy my book Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1

✅ How I can help you - https://makingmoneysimple.mykajabi.com/my-resources

📰 Newsletter - ⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoneysimple.mykajabi.com/Newsletter⁠⁠

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram - https://www.instagram.com/makingmoneysimple/

🐦 Twitter - https://twitter.com/makingmsimple

In this video I go through everything that you need to know about investing and taxes in the UK.

This includes the 3 main vehicles we can use to invest in the UK - ISAs, pensions and general investment accounts.

And the 3 main 'phases' of investing - before investing, during investing (i.e when we are invested in something) and when withdrawing.

Ultimately, ISAs and pensions have great tax advantages. So if possible, make the most of these.

But, GIAs do have their place in specific situations. Not to mention that for some types of investments (e.g crypto) we can only use GIAs to invest.

Just be aware that with GIAs we may be liable to pay capital gains tax and/or dividends tax.

Capital gains tax arises when we sell, and the allowance is currently £3,000 per tax year.

Dividend tax arises when we earn dividends and this happens when we're investing as most funds pay dividends, and the allowance is currently £500 per tax year.

Listen to the full episode for all the details!

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