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Joining us in the booth this week is Godfrey Asare, a FCA regulated financial advisor.

In this episode we discuss:

Why Godfrey decided to become a financial advisor
Money lessons that he learnt from himself
The difference between State pension, company pensions and private pensions
Is it worth getting a private pension if you have a company pension?
The tax benefits of having a pension as an employee and business owner
How much you can put into a pension before you lose tax benefits
Reasons why you shouldn’t solely rely on the state pension
How contributing to a pension can help you with child tax benefits
The minimum age you can get the state pension & your company/private pension
Thoughts on whether the state and private pension age may increase in the future and much more

Connect with Godfrey:
Linkedin: https://www.linkedin.com/in/godfrey-a...
Website: http://www.feandf.co.uk

Follow me on socials:
  / savvywallet  
  / savvywallet  

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TIMESTAMPS
0:00 - Preview
1:13 - Intro
1:48 - Meet Financial Advisor Godfrey Asare
2:59 - Growing up in Aylesbury Estate
5:17 - Playing semi-pro football!
8:57 - My Dad taught me about investing at 19!
12:23 - Money lessons I learnt from my Dad
14:49 - Different types of pensions!
17:02 -Maximise your employer pension!
17:54 -Why I setup a private pension pot
19:04 - Is everyone entitled to a state pension?
22:07 - State pension is becoming expensive for the government
27:35 - The amount you can put into a pension before you lose tax benefits!
29:21 - Pension carry forward!
32:55 - Unbiased Ad
33:42 - What ways can you contribute to a pension?
36:01 - Do this to qualify for child tax benefits!
39:35 - The benefits of a financial advisor
40:46 - If you have a company pension. Do you need a private pension?
43:57 - Contributing to a pension as a business owner
50:00 - You can take this amount from your pension tax free!
51:51 - When can you take money from your private pension?
54:23 - Balance your lifestyle needs now with your future needs!
56:17 - How much pension is needed for a £50,000 income?
58:30 - How much tax you potentially may pay on pension drawdowns!
1:01:48 - Pensions are not subject to this tax!
1:05:45 - The maximum amount of pension you can have
1:10:54 - Final words

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EP. 110 - ACCOUNTANT EXPOSES: The UK Tax System Isn’t Designed For You To Get Rich…! ft. Benedicta
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The information contained on this video is not intended as, and shall not be understood or construed as, financial advice. I am not a financial advisor and the information in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.

We have done our best to ensure that the information provided on this video are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on this video should be understood as a recommendation that you should not consult with a financial professional to address your particular information.

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