General Discussion: The life advice thread. Never do, say, eat or drink anything without asking how to do it in here first!


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swede
swede avatar

10433 posts since 21/3/09

26 Feb 2022 14:42
yeah probably not going go with the Chinese red envelope approach given neither of us are Chinese

Think we’ll just setup a monzo.me link. Seems decent
Best
Best avatar

9976 posts since 21/10/05

posted 26 Feb 2022 15:06, edited 26 Feb 2022 15:06
Avoid cheques as you’ll get them addressed to Mr & Mrs Swede which will make them a pain to cash, plus the actual pain of paying in cheque.

John Lewis is the way forward, Monzo.me screams millennial and will baffle the older lot (who give the most cash)
MoB
MoB avatar

37347 posts since 31/8/04

posted 26 Feb 2022 15:27, edited 26 Feb 2022 15:27
We used honeyfund, worked perfectly. Stuck a link on the invites and we didn't have any issues with oldies etc.

https://www.honeyfund.co.uk/wedding/MattandCabs
swede
swede avatar

10433 posts since 21/3/09

26 Feb 2022 15:35
Best wrote: Monzo.me screams millennial and will baffle the older lot (who give the most cash)

it's going to say "if you'd like to donate electronically…." 1st option is obviously card + cash/cheque
swede
swede avatar

10433 posts since 21/3/09

26 Feb 2022 15:36
MoB wrote: We used honeyfund, worked perfectly. Stuck a link on the invites and we didn't have any issues with oldies etc.

https://www.honeyfund.co.uk/wedding/MattandCabs

looks decent - is it actually free? what is the catch
MoB
MoB avatar

37347 posts since 31/8/04

posted 26 Feb 2022 15:41, edited 26 Feb 2022 15:41
Can't remember now as I can't log in but it was a tiny percentage. In the end we got about 6k and it could only have been 100quid most we paid which in the grand scheme of it all for the convenience is nothing.

Edit: was only 60quid Laughing out loud
pops
pops avatar

4316 posts since 2/9/09

26 Feb 2022 16:05
Priorities Swede. When’s the FUK stag happening ?
swede
swede avatar

10433 posts since 21/3/09

26 Feb 2022 16:14
MoB wrote: Can't remember now as I can't log in but it was a tiny percentage. In the end we got about 6k and it could only have been 100quid most we paid which in the grand scheme of it all for the convenience is nothing.

Edit: was only 60quid Laughing out loud

decent - will reach Cool
Crackajack
Crackajack avatar

8154 posts since 21/4/05

28 Feb 2022 14:00
Can anyone recommend somewhere they have used for 'holistic' financial advice? London based I guess.

This kind of approach https://frazerjames.co.uk/holistic-financial-planning/





RickRude
RickRude avatar

4136 posts since 13/1/12

28 Feb 2022 14:25
Crackajack wrote: Can anyone recommend somewhere they have used for 'holistic' financial advice? London based I guess.

This kind of approach https://frazerjames.co.uk/holistic-financial-planning/

Be prepared to pay between 5-7% lump if you give over any cash assets etc.

I used a local adviser in East Sussex and was not expecting the initial outlay.

Crackajack - tbh most of it you can do yourself.
Crackajack
Crackajack avatar

8154 posts since 21/4/05

28 Feb 2022 15:19
Thanks Rick. Happy to pay for hopefully unbiased advice. Not much to invest tbh so fees could be quite small Laughing out loud

Hard to work out benefits of things like paying down mortgage vs paying into pension vs maxing ISA allowance .
RickRude
RickRude avatar

4136 posts since 13/1/12

28 Feb 2022 17:06
Maxing ISA allowance is a no brainer. Also check if your work can offset more payments into pension through PAYE.

I can show you what I was sent by a major financial planning company.

Pm me your email and I’ll send it over if you like.
Rirawin
Rirawin avatar

9633 posts since 17/7/05

posted 28 Feb 2022 17:23, edited 28 Feb 2022 17:23
Co-sign in putting payments into pension, particularly if you receive bonuses. You have a £40k allowance a year you can put into your pension tax free and can go back up to as far as 3 years previous.

In fact the company you linked has an article on it.

This is what my missus does with her bonus payments to avoid the taxman taking pretty much half of it. She has a financial advisor assigned to her by her company, like 1 hour a month, and just drips feed me this info every now and then.
Sholto
Sholto avatar

813 posts since 25/12/12

28 Feb 2022 20:53
swede wrote: no pikey but getting married and don’t want loads of tat gifts. If people want to give gifts we’d prefer having donations towards our honeymoon (safari). What’s a good online money collection tool/pot? PayPal pots not working anymore… gofundme would be weird….
No advice to give but congrats Ubercool
Sholto
Sholto avatar

813 posts since 25/12/12

28 Feb 2022 21:02
Crackajack wrote: Can anyone recommend somewhere they have used for 'holistic' financial advice? London based I guess.

This kind of approach https://frazerjames.co.uk/holistic-financial-planning/
I used to work for a financial advisers. 5-7% is definitely on the steep side but not out the question depending where you go. I'd steer well clear of firms charging this much.

You might find https://www.unbiased.co.uk/ useful for finding a local adviser.

If you're looking for something beyond the cookie cutter "max out your isa and pension" I wouldn't recommend reading someone else's advice report. If they're a proper holistic financial planner and you have long term goals you want help with, they'll be looking at your personal and family circumstances, career, home, and even passions/pursuits to build a plan that takes it into account. Therefore the best plan for one person won't be the best for another.

Feel free to dm/post in here if more questions.
Sholto
Sholto avatar

813 posts since 25/12/12

28 Feb 2022 21:04
Rirawin wrote: Co-sign in putting payments into pension, particularly if you receive bonuses. You have a £40k allowance a year you can put into your pension tax free and can go back up to as far as 3 years previous.
This is dodgy advice, the rules around pension contributions are complex and based on your earnings in the current year. Carry forward works separately. Probably best to remove what you've written and instead link to something like this which it explains it properly https://www.pensionbee.com/pensions-explained/pension-contributions/pension-contribution-limits

If you fuck up your pension contributions and overpay you could face a tax charge (it's rare though)
RickRude
RickRude avatar

4136 posts since 13/1/12

28 Feb 2022 21:13
I ps I’m not sending my personal advice/plan but some PDF’s I was sent (retirement plans etc). Fisher Investments was the advisers btw.
swiftus
swiftus avatar

1829 posts since 1/7/09

11 Mar 2022 14:55
Going to the theatre tonight with gf and may go for a drinks / cocktails after.

Any recommendations on small bars around Picadilly Circus / TCR area which won't be full of tourists or uni crowd?
Crackajack
Crackajack avatar

8154 posts since 21/4/05

11 Mar 2022 15:21
Bar Termini in Soho, probably need to book.
discobobulated
discobobulated avatar

1185 posts since 21/4/10

11 Mar 2022 15:28
Groucho’s.