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From an investing standpoint, it was an uneventful autumn budget compared with what had been rumoured. But there are some welcome quality-of-life changes for DC pensions and ISAs. 

ISAs: 

- No change to ISA allowances
- Fractional shares will be allowed
- You will be able to open and contribute to multiple ISA accounts each year (previously, you could only pay into one ISA of each type each year)  up to the maximum of £20,000 per year across all accounts 
- Increasing the minimum age for an adult ISA from 16 to 18. This aligns it with the Junior ISAs that can be used until 18. 

Defined Contribution Pensions:

A commitment to allow employees to elect for their company pension contributions to be paid into a pension of their choice rather than having to go into the company's default scheme. 

This is a very welcome quality-of-life change. Hopefully, this means that we can have one pension for life instead of having to set up a new one every time we change jobs.

It will take the govt/pension providers/employers some time to work out how this works in practice, so don't expect this to be an option in the near term.

Question: Will you elect to have your pension contributions paid to a pension of your choice? 

How would you rate your financial literacy compared with the other people who are likely to vote on this poll (viewers of my channel)? 

The UK headline inflation rate has fallen from 8.7% in May to 7.9% in June.

When inflation falls, what has happened to prices? 

Spring Budget: I will be releasing a video on Thursday assessing the changes in the budget and what it means for your money. 

It looks like they will be (yet again) moving the goalpost for pensions, so there will be lots to discuss! 

Question: If they increase the pension Lifetime Allowance (currently £1,073,100) or increase the amount you can put back into a pension once you're already started drawing it (MPAA currently £4,000) would it encourage you to return to work or work for longer? 

Please let me know your reasons down in the comments. 

Hi Guys. My apologies there was an error in the video I just uploaded 🤦🏻‍♂️. I’ll get it fixed and re-upload tomorrow. See you then! 

There are two companies you can choose to invest in, Company A and Company B. They are identical in every way, they have the same assets, revenue and expected future earnings. The only difference is that Company A typically pays a 5% dividend. 

As a retiree that's looking to generate an income, which company would you rather invest in?

(The answer will be discussed in my video tomorrow) 

Are you planning on using part of your private pension to pay off your mortgage? 

Hi Team, I have a BEAST of a Video for you tomorrow! 

To decide whether you should be using spare cash to overpay your mortgage or using it to invest we need to know three things: 

1) What return do we expect stocks and other investments to deliver in the future? 
2) What are the risks? 
3) Are you comfortable with those risk? 

These are the questions we will be tackling tomorrow. Just finished editing - and I've done over 100 different slides for you! 

The UK Economy has grown by 9.83% over the last year. 

GDP is normally quoted in real terms where inflation has been stripped out. But in times of high inflation, it's important to remember that the economy will grow rapidly in nominal terms. 

Over time this will filter into wages and asset prices. 

 https://www.ceicdata.com/en/indicator/united-kingdom/nominal-gdp-growth#:~:text=Key%20information%20about%20UK%20Nominal,Jun%202022%2C%20with%20266%20observations 

Should you stop investing and instead prioritise paying down your mortgage? 

The answer to this question will be different for each of us. For some, it will be obvious, for others not so. 

We know what interest rates are now, but what return can we expect from our investments in the future? What are the risks, and are we comfortable with them? 

These are the questions I will be tackling in my next video. I'll be taking you on a journey as we explore the core principles of investing — risk vs reward — and methods to estimate the expected return of stocks in the future.  

Thank you very much for answering my polls. I'm still working on the video — and I may have a few extra polls for you later this week  — but it will be with you next Monday! 

Keep safe 👍🏻