Sunday, April 27, 2025

Listener Questions – Episode 11

Questions Asked

  • Question 1
    Whenever a question comes up in our Facebook group about Capital Gains and GIAs (General Investment Accounts) I get a sinking feeling as I do not know much about that type of account, and I don’t have one myself.
    I am not alone. I have gathered questions from our listeners about capital gains, so in this episode Pete & Roger can tell us all about Capital Gains, Dividends, and anything else we need to know about using a GIA, and other situations which involve capital gains tax.

     

  • Question 2
    Hi both,
    I've recently discovered your podcast and have thoroughly enjoyed my commutes listening to you. Personable and informative.

    I have a question about selling my buy-to-let property that is in my personal name. My mortgage term is ending in June 2026 and I'd like to sell it for one of better quality that has less issues. I'm currently a higher-rate taxpayer but we're planning to start a family in the next year, meaning I'll be on maternity leave for 12 months which will push my salary down to basic-rate. Impossible to plan when I'll get pregnant but it would be useful to know how HMRC calculates my salary (and over what time period) so that I pay basic-rate CGT when selling my buy-to-let?

    Apologies for a very wordy question!
    Thanks a lot and best wishes, Winnie

     

  • Question 3
    Hi Pete,

    I hope you're doing well! I’ve been really enjoying the Meaningful Money podcast and had a question I’d love to hear your thoughts on the show:

    In a general investment account (GIA), is it's better to use an income fund to avoid triggering CGT if income is needed (assuming the dividends covers the needs in the short term)?

    Thanks so much for your wisdom! And keep up the great work on the podcast! 🙂
    Best regards, Chloe

  • Question 4
    Hi Pete, Roger (and Nick who I assume is reading this :-))

    I have a question I'd be grateful if you could answer which is around capital gains tax on any shares or funds held outside an ISA/pension.

    To use an example with higher numbers so that the allowance is used for simplicity:

    – You have £100k in a GIA
    – it increases by £10k a year for the first two years;
    – it's then down £2k in the third
    – the total value is now £118k
    – You then want to draw out £10k
    – How do you work out what capital gains the tax is to be paid on i.e. is the full £10k considered a gain?
    – Is the withdrawal from the original £100k or from the increase in value i.e. gain?
    – Would you be better to withdraw up the annual allowance every year and then put it back in to reduce the gain, considering there's no allowance for the impact of inflation?

    Love the show, keep up the good work in whatever format you decide going forwards – you've made real differences to the way I've managed my investments over the years, especially at scary times like Covid and your book and courses have given my kids the education they need for their long investing lives.

    Thanks, Dino

  • Question 5
    Hi Pete & Rodger,

    I started a deep dive into our overall finances over the Christmas period, to set the picture I am 47, my wife’s 42 and we have two children a boy 5 & a girl 3.

    I received a diagnosis last year which will have a long term impact on my ability to sustain my current level of income & type of work I do. We have a 154k mortgage with 19 years left on the term, with the uncertainty around my health I have decided to target maximum overpayments on the mortgage, this year we can pay 18k extra.

    My questions are:
    1. I plan to save circa 1k per month salary to put into the overpayment pot, I am hopeful that the HL shares will meet past highs and I can use some of that money to top up the salary savings and hit our target. Do I pay tax on the profit I make from selling shares? If it’s no more than 3k? I was hopeful I could sell shares annually and withdraw the gains annually, then reinvest in same stock when they dip. I realise that past performance isn’t always guaranteed but monitoring since covid the stocks I am invested in are fluctuating from a £15 low to £20 high annually. So looking to sell at £19.5. Is this the best way to use the extra cash at present given the plan to access quickly at times. I have maxed out isa allowance for current FY (2024/25) but will probably pay the 1k per month into an isa in new FY.

    2. I am planning to do lump sum overpayment rather than setup monthly, just to give easy access to funds should they be required. I plan to cash in some company SIPPS annually when they aren’t taxable (after 5 years) that sum will be on average 1k per year. Will the SIPPS cashed in and gains from HL sales leave me vulnerable to paying capital gains tax?

    If all goes to plan we could be mortgage free by 2033 approximately and there would be less of a dependency on my salary.
    Deep down I just want us to be setup financially as best we can with the uncertainty around my health.
    I would really appreciate your views, love the podcast and it’s been a real source of knowledge to me.
    Best Regards Lee

  • Question 6
    Hi Pete & Roger,

    I found your YouTube channel last year and through that the Podcast – both are absolutely fantastic and have helped me and my family so much with many aspects of managing our money and planning our finances.

    My question relates to if and to what extent capital gains tax can be offset by making SIPP contributions.

    My wife and I jointly own a buy to let property that we are selling in the new financial year (25/26). When the sale completes, we expect to each have a taxable capital gain of around £30,000. My wife earns around £10k a year from a part time job, therefore most of her gain will be taxable at the lower rate of 18%. For the last couple of years, she has made annual gross SIPP contributions 100% of her earnings (£10,000) which is the maximum gross contribution she can receive basic rate tax relief on.

    This year, as well as contributing the usual £10,000 gross, (100% of earned income), can she also contribute up to a further £30,000 gross and receive basic rate tax relief on this additional contribution, thus offsetting the CGT paid on the gain from the property sale? If so, with CGT payable at 18% and basic rate tax relief of 20%, contributing the full £30,000 would actually more than offset the CGT (which I fear is too good to be true).

    If this is the case, is there any other strategy we should be considering to achieve the same or similar outcome? I have really struggled to find definitive guidance around this, so any clarity you can provide will be much appreciated.

    Many thanks and keep up the great work.
    Steve

Send Us Your Listener Question

We’re going to spin out the listener questions into a separate Q&A show which we’ll drop into the feed every 2-3 weeks or so. These will be in addition to the main feed, most likely, but they’re easier for us to produce because they require less writing! Send your questions to hello@meaningfulmoney.tv Subject line: Podcast Question


Join the MeMo Facebook Group

Follow MeMo on Instagram

Follow MeMo on Twitter

The post Listener Questions – Episode 11 appeared first on Meaningful Money – Making sense of Money with Pete Matthew | Financial FAQ.



* This article was originally published here

Discover how to make $300+ per day with affiliate marketing - Subscribe here!




Saturday, April 26, 2025

Thursday, April 17, 2025

Wednesday, April 9, 2025

ONE Reason Why You Should Retire As Soon As You Can

So I’ve just turned 50 and inevitably I’ve been reflecting on some things: age, health, retirement, mortality and the fickle nature of life and the universe. I see my parents getting frail and wonder how much time I have left with them.

I’ve been thinking a lot about time, and how we make use of that finite resource.

I work all the time with clients who have big plans for ‘one day.’ And I’m asking them AND myself: ‘why not Today?’

The Meaningful Money Retirement Guide (Pre-order via Amazon) *Affiliate

The Meaningful Money Retirement Guide (Pre-order via publisher)

Die With Zero *Affiliate

Meaningful Academy – Retirement Planning


Join the MeMo Facebook Group

Follow MeMo on Instagram

Follow MeMo on Twitter

The post ONE Reason Why You Should Retire As Soon As You Can appeared first on Meaningful Money – Making sense of Money with Pete Matthew | Financial FAQ.



* This article was originally published here

Discover how to make $300+ per day with affiliate marketing - Subscribe here!




Tuesday, April 8, 2025

Friday, April 4, 2025

Lead Generation Strategies for High Ticket Sales

YouTube player

In the world of high ticket sales, generating leads is crucial, but it’s not just about quantity; quality is key. Many businesses struggle because they accumulate leads that are not suitable or financially viable. In this blog post, we’ll explore strategic lead generation specifically tailored for high ticket sales, ensuring your efforts yield valuable prospects who are ready and able to invest in your offerings.

Resources Mentioned In This Video:

  • Grab our free sales script for high ticket sales here.
  • Get all of our programs by joining our Effortless Revenue Mastermind here (5 early bird spots left).

Understanding the Quality of High Ticket Sales Leads

Lead generation for high-ticket items isn’t about casting the widest net—it’s about targeting the right kind of fish. A common pitfall businesses face is investing heavily in lead generation services that promise quantity over quality. These leads often lack the financial capacity or genuine interest in premium products, resulting in wasted resources and missed opportunities. It’s crucial to focus on strategies that attract leads who are not just interested, but are also financially equipped and ready to commit to high-value transactions.

Strategies for Attracting Quality Leads in High Ticket Sales

The key to successful lead generation in high-ticket sales lies in understanding who your ideal clients are and crafting your marketing to engage them directly. This involves several steps:

  1. Define Your Ideal High Ticket Client: Know who is most likely to purchase your high-ticket items. Consider factors like financial capability, immediate needs, and the desire for the value your product or service provides.
  2. Tailor Your Messaging: Ensure that your marketing messages resonate with potential high-ticket clients. Speak directly to their needs and the unique benefits that your product or service can offer them.
  3. Use High-Impact Marketing Channels: Identify and utilize marketing channels that are most effective for reaching high-ticket clients. These might include professional networking sites like LinkedIn, specialized online platforms, or high-end events and webinars.
  4. Offer Value Upfront: High-ticket buyers are attracted to demonstrable expertise and proven results. Offering something of value upfront, like a detailed guide or a free consultation, can help establish trust and credibility.
  5. Leverage Client Testimonials and Case Studies: Show potential clients the success stories of others who have invested in your high-ticket items. This not only demonstrates the value but also helps alleviate concerns about investment risks.

The Importance of Personal Development in Attracting High Ticket Sales

One often overlooked aspect of attracting high-ticket sales is personal development. To attract affluent clients, you need to embody the qualities they expect from a high-tier provider. This includes professionalism, in-depth knowledge, and a proactive approach to solving problems. Reflecting these qualities in every interaction will make you more appealing to high-ticket clients who are accustomed to a certain standard of excellence.

Conclusion

Lead generation for high-ticket sales is a nuanced process that requires more than just basic marketing tactics. It involves a deep understanding of the market, a strategic approach to communication, and an alignment of your personal and business brands to the expectations of high-ticket clients. By focusing on quality over quantity and fostering a professional image, you can increase your chances of attracting leads that are not just more numerous, but significantly more valuable.

By following these guidelines and remaining committed to continuous improvement and strategic marketing, businesses can significantly enhance their lead generation efforts for high-ticket sales, ensuring a higher return on investment and long-term success.

If you found this guide helpful, make sure to subscribe and share it with your peers in high-ticket sales industries. And don’t forget, if you’re looking to dive deeper into mastering high-ticket sales, download our free top-performing sales script to see a remarkable improvement in your lead engagement!

 

The post Lead Generation Strategies for High Ticket Sales first appeared on Make Money Your Honey | scale your business with marketing & sales systems.



* This article was originally published here

Discover how to make $300+ per day with affiliate marketing - Subscribe here!