Moneystepper Q&a Podcast

Jenny asks: "I hold £10k of Vanguard FTSE 100 ETF shares (VUKE) and I am buying about £100/month worth and reinvesting the dividends. Am I overexposed to the UK markets? Do I need to diversify my investments?"  See acast.com/privacy for privacy and opt-out information.

Kerry asks: "I'm thinking about putting my purchases on a 0% credit card and then put the money into a current account earning 3%. Do you think this is a good idea? What are the risks? What are the best 0% credit cards available?"  See acast.com/privacy for privacy and opt-out information.

Alison asks: “I currently have a Santander debt in a joint name since a recent break up . However, I've not had anything to do with the account for years and, and I cannot communicate to my other half. Any advice?”  See acast.com/privacy for privacy and opt-out information.

On Monday, we had a question from Moneystepper Savings Challenge participant Cath about investing more in S&S ISAs. I think that the common guidance on saving for short term goals isn’t the best and hence I wanted to explore further in a Q&A episode.  See acast.com/privacy for privacy and opt-out information.

Cath asks: "Most of my long term investments are in good pensions and in property (my home and a flat that is rented out). I would like to do more investing in funds and make sure I use more of my allowance. What would you suggest?"  See acast.com/privacy for privacy and opt-out information.

Jane asks: “I have £2000 overdraft and £1500 in credit card debt. I want to consolidate them together to get extra money to help me stay out of overdrafts but don't know the cheapest way? Credit card ? A big single overdraft? A loan?”  See acast.com/privacy for privacy and opt-out information.

James asks: "Can I invest into a Stock&Shares ISA and still use a Help-to-Buy ISA in 1 December 2015 when it comes out? And is there a maximum income for people who want to use the Help-to-Buy ISA?"  See acast.com/privacy for privacy and opt-out information.

Tom asks: "I’m 22 and am looking at buying a flat within my local area for £200k. I have £20k saved and I'm on a £30k salary. Mortgage calculators show me my max loan is £130k. What are some other solutions, other than Help to buy & share ownership?"  See acast.com/privacy for privacy and opt-out information.

Abby asks: "I'm 24 and live in a 2 bed flat in South London. I'm starting to wonder if it’s worth taking advantage of the Right To Buy scheme, but it sounds too good to be true. There's got to be something I'm missing?"  See acast.com/privacy for privacy and opt-out information.

Eric asks: “On Monday I will be starting my new job. I'm worried that I have overlooked something with my taxes. Do I need to tell HMRC about my new job? And do I need to inform my bank about it? Thanks for you advice.”  See acast.com/privacy for privacy and opt-out information.

Anna asks: “Today I checked my payslips and noticed a big difference from my previous payslips. My new salary is 52k and September’s payslip shows £4,333.33pm. However, my old salary was 48k and payslip showed £3138.56 instead of £4000. What should I do?"  See acast.com/privacy for privacy and opt-out information.

John asks: "I'm looking into freelance teaching. My costs will be zero, but I’m trying to work out is if I need to include VAT on my invoices or not. I'm not expecting to earn more than a few thousand at most in the year. Do I need to register for VAT?"  See acast.com/privacy for privacy and opt-out information.

Joyce asks: “Hi, I am a non-tax payer as I’m below the income tax thresholds. However, I need to sell my buy to let property, which I’ve never lived in. My profit would be approx. £100.000. What would my capital gains bill be please?”  See acast.com/privacy for privacy and opt-out information.

Martyn asks: “I see on Moneystepper that you recommend using cashback sites like Quidco, but I’m not sure how they work? Do they charge me a fee for my cashback? How do they make money?”  See acast.com/privacy for privacy and opt-out information.

Monica asks: "I've been trying to convince my younger family members around me to start a regular investment plan into an index fund but it's like trying to talk to a brick wall. What do you think is the thing that people fear most about investments?"  See acast.com/privacy for privacy and opt-out information.

Alex asks: "I own an apartment that is rented out and almost debt-free, and a house that is still pretty high in debt. My plan is to sell the apartment, and use the money to pay off the major amount of debt on my house. What do you think?"  See acast.com/privacy for privacy and opt-out information.

Wookovski asks: "I'm changing jobs next month. I currently have a pension with my old company. What happens to it when I change jobs. Does the money get transferred in to the new scheme or does it stay dormant in the old scheme until I retire?"  See acast.com/privacy for privacy and opt-out information.

LondonIce asks: "In about a month I'm going to recieve about £10,000 from my parents (I'm 17). Quite honestly, I have no clue what to do with it. Should I invest it? Keep it? I have no clue. What should I do?"  See acast.com/privacy for privacy and opt-out information.

Danny asks: "I currently have £40k in savings and which to buy a house. However, my position at work is a little up in the air and come April next year, I may be moving work and location. Is it worth buying and renting if I move?"  See acast.com/privacy for privacy and opt-out information.

Steve asks: “Is it possible to live without a credit card? What are the benefits and disadvantages of having one? Does it help with your credit rating?”  See acast.com/privacy for privacy and opt-out information.