@dontdelay
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Certified Financial Planner. Independent Financial Adviser. Retirement Planning, Investment Management and Estate Planning. Posts are personal, and not advice.
Maidenhead
Joined December 2009
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I am a qualified, regulated and practicing financial planner.
You can find me...
On @TheFCA register register.fca.org.uk/s/indivi…
The @CISI members directory
cisi.org/cisiweb2/cisi-websi…
And the @pfsconf members directory thepfs.org/membership/member…
This is such a bad idea
Incentivising purchase of new build homes, means that when first time buyers come to sell those homes and try to move up the ladder, there is no natural first time buyer market for them. Because they’re still being incentivised to buy new build
We saw it with help to buy. How many flats in London are now worth much less? And this will only make it worse for them
But I’m sure house builders will love it
Let's be honest.
A lot of young people have stopped believing they'll ever own their own home.
That's what happens when rents are high, house prices are high, and saving for a deposit feels impossible.
My Labour government is stepping in to help.
With Your First Home, first-time buyers will be able to buy a new-build home with a deposit of just 2.5%.
Because hard work and saving should count for something.
And because the dream of owning your own home shouldn't belong only to those with help from the bank of Mum and Dad.
Today’s the day.
Running 50km before I turn 50, in the @UltraChallenges Chilterns 50km in support of @thernohcharity
Raising awareness of scoliosis and spinal fusion surgery and money to help them support other children who are recovering from their surgery
justgiving.com/page/davidhea…
When you’ve got an ultra marathon in the morning
Running the @UltraChallenges Chilterns 50km tomorrow to raise money for @thernohcharity
Read why, or even donate, here justgiving.com/page/davidhea…
The majority of boomers didn’t/haven’t work for 50 years
I’ve seen too many NI records for too many boomers to know that
Many are having to make voluntary NI contributions just to reach the 35 qualifying years required for a full state pension
David Hearne, CFP™ retweeted
This is sure to become the standard reference for long-term investment returns.
rpc.cfainstitute.org/sites/d…
How many Premier Leagues is that for Liverpool now?
🚨 EXCLUSIVE: Manchester City found guilty on virtually all charges relating to breaches of Premier League financial regulations. #MCFC expected to appeal against verdict issued by independent commission. Sanctions undecided, process ongoing @TheAthleticFC nytimes.com/athletic/7049721…
David Hearne, CFP™ retweeted
A good take 👇
I agree that "taking people out of paying income tax altogether" is overrated!
(I'd keep some form of personal allowance if only for pragmatic reasons - do we really want to be taxing income of just a few £100s? - but would lower the basic rate to, say, 10% 🤓)
Are you even a real pensions geek if you haven't yet signed up to test the Pensions Dashboard?
Had a few jobs? It can be easy to lose track of your pensions. Track your pensions easily with the MoneyHelper Pensions Dashboard, which brings your pension information together. Test it first: ow.ly/Wq0q50ZP6NO #PensionAwarenessWeek
Amazing to me that while preparing to launch this long awaited pensions dashboard, that @MoneyHelperUK did away with their previous Retirement Adviser Directory
So right when they're getting people to engage with their pensions, they then remove a natural next step which is to seek further advice.
Also disappointing to see that they now direct people to commercial lead generation websites (that lots of advisers choose not to pay for) ahead of the professional bodies for financial advisers like @pfsconf and @CISI own directories
If @rorysutherland is writing about the triple lock, it’s days are surely numbered
How the triple lock became political kryptonite spectator.com/article/how-th…
David Hearne, CFP™ retweeted
Planning for retirement also means understanding tax in later life. ow.ly/pjtp50ZKIE0 #RetirementPlanning #Tax #PensionsAwarenessWeek
'Robbing the elderly'
Tell me you dont understand what abolishing the triple lock means, without teling me you dont know.....
Those who want to scrap the pensions triple lock say it must go to fund public services. NO!
UK pensions are among the lowest in Europe. Instead of robbing the elderly, tax billionaires an extra 5%. They can afford it. Their wealth is rising 8% per year
theguardian.com/commentisfre…
To anyone who thinks we should just open investment accounts for kids and that compounding returns will magically take care of all their future university, housing and pension needs
Should remember we tried it before
It’s easy to build a spreadsheet of compounding numbers, not so easy to implement it and get buy in from parents
More than 800,000 Child Trust Funds unclaimed, says HMRC ft.trib.al/CibPYIL
‘Giving £600 to families’
I never like that phrase, giving.
Taking £600 less from me, is not the same as giving me £600.
Had another mad day of interviews yesterday (five of them), explaining my latest policy call - to restore the frozen income tax allowance giving 600 quid to hard pressed families and pay for it by ending state Benefits for the Banks - £30 Billion a year.
@Telegraph ran the story but twisted it, making it about wealth taxes - spent much of the day correcting that. In the process, in the last interview of the day I said the income tax change would give us ’30% GDP growth’ when I meant '30% extra GDP growth’ - just clarifying that here..:)
With @LibDems announcement today it really seems like we’re in a political arms race to see who can increase the personal allowance the most
But is it really a good idea to reduce the pool of taxpayers even further?
Wouldn’t it be better to cut the rate of income tax? Or the rate of National Insurance?
At least that way you can maintain a broad tax base, and perhaps target certain groups
David Hearne, CFP™ retweeted
Gradually increasing Income Tax thresholds, including the Personal Tax Allowance, is the wrong priority for any tax cuts, @EdwardJDavey and @libdemdaisy.
It would be very expensive, sappingly incremental and poorly targeted.
The priority for any tax cuts should be National Insurance, which is on income from work alone. Especially if you targeted the main rate of 8% on employees’ NI, it would be much more progressive than the proposed lifting of Income Tax thresholds.
Regardless, I’d like to see a political party announce plans to cut public spending to reduce public debt, not to pay for a tax cut or additional expenditure. That would be a bold and serious party.
thetimes.com/uk/politics/art…
