7 Powerful Steps to Transform Your Finances in 2025

7 Powerful Steps to Transform Your Finances in 2025

As we move closer to 2025, now is the perfect time to take charge of your finances and make it your most successful year yet. In the latest episode of the Charles Kelly Money Tips Podcast, we explore actionable strategies to help you achieve financial freedom and build wealth.

Watch full video - https://youtu.be/-k7HPn0u_Ok

1. Set Clear Financial Goals
The foundation of financial success is knowing what you want to achieve. Whether it’s saving for a house, clearing debt, or growing your investments, set specific, measurable, and realistic goals.

2. STOP BLOWING IT ALL AWAY - Create and STICK to a Budget
A budget is your financial roadmap. Track your income and expenses to identify areas where you can cut back and save more. Apps like Money Dashboard or Yolt can simplify this process.

3. Pay Yourself First
Automate your savings by setting aside a percentage of your income as soon as you’re paid. This ensures your financial priorities come first, not last.

4. Reduce Debt
Eliminating high-interest debts, such as credit cards, frees up more money for savings and investments. Consider the snowball or avalanche method to tackle debt effectively.

5. Invest Wisely
2025 is the year to grow your money. Explore opportunities in stocks, property, or ISAs. A diversified investment portfolio can help you build long-term wealth.

6. Boost Your Income
Start a side hustle, upskill, or negotiate a raise at work to increase.

7. Reduce Your Taxes

Legally cut the amount of tax you pay on your savings, investment income and even inheritance with proper planning and advice.

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

Conclusion

2025 can be the year you take control of your financial future. By setting clear goals, budgeting wisely, paying yourself first, reducing debt, and investing strategically, you’ll be well on your way to building wealth and achieving financial freedom. Remember, every small step you take today can lead to significant financial growth tomorrow.

For more tips and insights, watch the latest episode of the Charles Kelly Money Tips Podcast on YouTube and start your journey to financial success today!

3 Steps To Unlocking Financial Freedom!

I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.

Join me online on my free live money management training Wednesday at 7.00PM.

Places are limited, so register now below to avoid disappointment.

https://bit.ly/3QPp8IH

#FinancialFreedom #MoneyManagement #2025Goals #WealthBuilding #SmartInvesting #DebtFreeJourney #SaveMoney #InvestWisely #BudgetingTips #CharlesKellyMoneyTips #FinanceSuccess #PersonalFinance #finance #moneytraining #moneymanagement #wealth #money #debt #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #section24

Section 21 Eviction Notices Served on Entire London Apartment Block

Section 21 eviction notices have been served on 150 residents on a block of flats in Deptford, South London, weeks before Christmas.

A Section 21 is a legal method for the landlord to require a tenant to leave a rental property without the need to provide a reason for "no-fault" eviction. A tenant can challenge it and stay in the property until physically evicted, but they may incur court costs.

Watch full video - https://youtu.be/u-v8WXgpTuo

Even with a Section 21 notice, it can take landlords 6 to 12 months to evict a tenant who refuses to move out – often under advice for their local council’s housing or “homeless prevention” department.

The owners of the property, the Aitch Group said a Section 21 notice had been issued to tenants at the Vive Living development to "facilitate the refurbishment of the building".

"The tenants have been given two months' notice, as a minimum, in accordance with their tenancy agreements.".

The eviction notices may have been prompted by Labour’s Renter’s Rights Bill, currently going through Parliament, which will abolish Section 21 “no fault” evictions.

Many landlords are quitting the buy-to-let property market or switching to other rental models, such as AIRBNB serviced accommodation or leasing to local authorities and housing associations.

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

Key Changes Proposed in the Renters' Rights Bill 2024

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

#finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards

Raising Startup Cash: Angel Investors & VCs in the UK

The Secrets to Raising Startup Cash: Angel Investors & VCs in the UK

Raising Angel Finance and Venture Capital for Your UK Startup

Starting and growing a business often requires substantial funding. For UK entrepreneurs, angel finance and venture capital (VC) are two of the most popular options for scaling a startup. In this episode of the Charles Kelly Money Tips Podcast, we break down these funding sources and share how you can access them.

Watch video - https://youtu.be/VW0abVUTa3A?si=eh7B7cv332gH7dha

What is Angel Finance?
Angel investors are high-net-worth individuals who provide funding for startups, typically in exchange for equity. They often invest at earlier stages than VC firms and may also offer mentorship and business connections. Platforms like Seedrs or Angel Investment Network can connect you with UK-based angel investors.

What is Venture Capital?
VC firms provide larger amounts of funding to businesses with high growth potential. They look for startups that have already proven some traction and scalability. VCs like Index Ventures and LocalGlobe are popular choices in the UK.

How to Attract Angel Investors and VCs:

1. Craft a Winning Business Plan: Clearly outline your market opportunity, growth potential, and financial projections.
2. Build a Strong Network: Attend pitch events, startup accelerators, and industry conferences to meet investors.
3. Show Traction: Highlight existing sales, user growth, or partnerships that prove your concept is working.
4. Prepare for Due Diligence: Be transparent and organized when presenting financials and business operations.

While both angel finance and VC can accelerate your growth, they come with trade-offs like equity sharing. Choose the right path for your business goals.

For more tips on funding your startup, watch the latest episode on the Charles Kelly Money Tips Podcast on YouTube.

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s

#AngelInvestors #VentureCapital #StartupFunding #UKBusiness #Entrepreneurship #RaiseCapital #CharlesKellyMoneyTips #FundingTips #BusinessGrowth

#MortgageRates #FixedRateMortgage #BaseRate #UKHousing #InterestRates #MoneyManagement #CharlesKellyMoneyTips #Podcast #PersonalFinance #HomeLoans #property #buytoletmortgage #landlord #section24 #Inflation #Landlords #PropertyInvestment #RentalIncome #CharlesKellyMoneyTips #UKEconomy #RealEstate

 

Beware of Black Friday "Bargains" and Invest Your Money

Beware of Black Friday So-Called Bargains and Invest Your Money Instead

Black Friday is marketed as the ultimate shopping event, but are those deals truly worth it? Many so-called bargains are just clever marketing tricks, with retailers inflating prices beforehand or offering discounts on items you don’t really need. Falling into the Black Friday trap can drain your wallet and delay your financial goals.

Instead of splurging on unnecessary items, consider investing your money for long-term growth. Here’s why:

1. Avoid Impulse Buying: Emotional spending during sales leads to regret later. Channel that money into investments that work for you over time.

2. Build Wealth: Small amounts saved during Black Friday can grow into significant wealth when invested in stocks, index funds, or property.

3. Achieve Financial Freedom: Every pound you invest brings you closer to financial independence and security.

Smart Alternatives to Black Friday Spending:

• Increase contributions to your pension or ISA.
• Buy shares in companies instead of their discounted gadgets.
• Save for a deposit on a property.

This Black Friday, break free from the consumerist cycle and focus on your financial future. Investing, rather than spending, puts your money to work and sets you on the path to lasting wealth.

#BlackFriday #MoneyTips #SmartSpending #FinancialFreedom #InvestingForTheFuture #WealthBuilding #StockMarketInvesting #SaveNotSpend #CharlesKellyMoneyTips #PersonalFinance

Higher Inflation: A Hidden Opportunity for Landlords

Is Higher Inflation Good or Bad News for Landlords?

Inflation is a hot topic in today’s economy, and as a landlord, you might wonder whether it works in your favour or against you. In the latest episode of the Charles Kelly Money Tips Podcast, we explore how rising inflation impacts landlords and what you can do to stay ahead.

The Good News: For landlords with fixed-rate mortgages, inflation can actually be beneficial. As inflation rises, the real value of your debt decreases. This means that over time, you’re effectively paying back your mortgage with “cheaper” money. Additionally, in an inflationary environment, property values and rental income often rise, helping you build equity faster and increase your cash flow.

The Challenges: On the flip side, higher inflation can also mean rising costs. Maintenance, repairs, and property management fees are likely to increase, eating into your profits. For landlords with variable-rate mortgages, rising interest rates (often used to combat inflation) can significantly increase monthly payments, impacting your bottom line.

What Should Landlords Do?

• Lock in a Fixed-Rate Mortgage: Protect yourself from rising interest rates.
• Increase Rents Strategically: Ensure your rental income keeps pace with inflation while maintaining good tenant relationships.
• Invest in Inflation-Resilient Areas: Look for properties in high-demand locations where rent growth outpaces inflation.

Inflation can be both a friend and a foe for landlords. The key is to plan wisely and adapt to economic changes. For more property insights, tune in to the Charles Kelly Money Tips Podcast on YouTube!

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

 

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

 

Watch video version - https://youtu.be/Wx1HXgVW1bM

 

Section 24 Landlord Tax Hike

 

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

 

Email charles@charleskelly.net for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s

#MortgageRates #FixedRateMortgage #BaseRate #UKHousing #InterestRates #MoneyManagement #CharlesKellyMoneyTips #Podcast #PersonalFinance #HomeLoans #property #buytoletmortgage #landlord #section24 #Inflation #Landlords #PropertyInvestment #RentalIncome #CharlesKellyMoneyTips #UKEconomy #RealEstate

Budget Update, Why Mortgage Rates Are Rising Despite Bank of England Cut

Budget Update, Why Mortgage Rates Are Rising Despite Bank of England Cut

In the latest episode of Charles Kelly Money Tips Podcast, we dive into the Labour Budget, interest cut, mortgage rate, US election, Trump and the £25 million man who will show you how transform your financial future and help you build wealth faster.

Watch video version - https://youtu.be/cMsYjNcQ5xA

For more tips on managing your money and building wealth, subscribe to the Charles Kelly Money Tips Podcast on YouTube!  

Learn how to make money online from a British multi-millionaire

 

 

 

I’ve discovered a book I think you’ve really got to read. It shows you of how ANYONE can make millions online. It’s all in this one book by Simon Coulson: Interpreneur: The Secrets of my Journey to becoming an Internet Millionaire. 

 

Simon Coulson is a really down to earth sort of guy. He’s also the real deal – he’s made £25 Million+ from his 5 different Internet Business. Each business doing 7-figures by itself.

 

GOOD NEWS – I have a LIMITED STOCK of this book for JUST £1.95 [down from £12.95]

To Get Your Copy - Click Here

After falling down an escalator due to fatigue, Simon knew it was time for a change of lifestyle. 

Now Simon lives on a 35-acre country estate, has bought his dream Ferrari and is able to enjoy holidays on a private island and network with Richard Branson.

 

What would YOU like to do?

- Pay off some of the mortgage?

- End a boring career and start a business on something you're passionate about?

- Spend as much time with your kids?

- Create an additional income for your retirement?

 

In Simon’s book, you can discover his money-making strategies through his personal anecdotes. You’ll also get to see 20 success stories he has chosen from the THOUSANDS that have studied with him.

 

You will see for yourself how ANYONE can achieve success online, just by repeating the PROVEN STRATEGIES he uses himself.

 

This book is for everyone from start-ups to owners of existing businesses.

 

This book is a GREAT WAY to learn the unique opportunities present on the Internet through ‘real-life stories’ of people who started from zero and went on to have staggering successes. 

 

Simon is also GIVING ALL THESE BONUSES FREE with the book:

 

-  A 27-page Rolodex of Simon’s supplier links and contacts

-  A FULL AUDIO VERSION of the Interpreneur

- Internet Marketing Strategies: 3 Step Success System LIVE in Brighton [1hr 43min]

- Internet Marketing Profits Training Manual #1: Choosing a Hungry Market’

- Internet Marketing Profits Training Manual #2: 'How To Explode Your Profits' 

 

CLICK HERE TO GET YOUR COPY of The Interpreneur: FOR JUST £1.95

 

P.S. There are only a LIMITED NUMBER of Simon’s books for JUST £1.95.

I expect they will go quickly. To order your copy + The Bonuses TODAY - Click HERE

P.P.S. You have NO RISK - Simon is offering a 30-day money back guarantee.

Further information…

 

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Inflation Falls to 1.7%, But Lenders Hike Fixed Mortgage Rates Ahead Of ...

Inflation Falls to 1.7%, But Lenders Hike Fixed Mortgage Rates Ahead Of Renters Rights Bill

Inflation Falls to 1.7%, But Lenders Hike Fixed Mortgage Rates    

Renters Rights Bill’s Passage Through Parliament To The Statute Books

Rachel Reeves Will Hike GCT and IHT, But Can We Do Anything About It?

Watch video version - https://youtu.be/yKhgDU1kUc8

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

Key Changes Proposed in the Renters' Rights Bill 2024

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

3 Steps To Unlocking Financial Freedom!

I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.

Join me online on my free live money management training Wednesday at 7.00PM.

Places are limited, so register now below to avoid disappointment.

https://bit.ly/3QPp8IH

 

#finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #inflation #Fixedratemortgage

 

When Will Interest Rates Fall?

When Will The Bank of England Cut Interest Rates?

In this Money Tips Podcast:

Inflation has fallen from 11% to 2.2% yet the Bank of England base interest rate remained at 5%.

Energy prices will rise by 10% in October – time to fix your deal.

“Painful budget” could see higher capital gains (CGT) and inheritance (IHT) taxes, the end of the single persons council tax discount and a possible wealth tax.

Section 24 landlord tax forcing landlords to rethink buy-to-let, but the is a solution.

Protect your assets.

Watch video version - https://youtu.be/Tq1P2UbYp4A

Labour Hint Of Wealth Tax, Higher Inheritance and Capital Gains Taxes And “Painful” October Budget

Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich.

Watch full video version -  https://youtu.be/P0WTdbIAuks

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

 

#finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #UKProperty #PropertyInvestment #RentToRent #JointVenture #NoMoneyDown #PropertySourcing #CharlesKellyMoneyTips #FinancialFreedom #PropertyDeals #bankofengland

Game Changing Renter’s Rights Bill Explained - What Landlords And Tenant...

Game Changing Renter’s Rights Bill Explained - What Landlords And Tenants Should Know As New Government Bill Introduced To Parliament    

Prime Minister Sir Kier Starmer presented the Renters Rights Bill to Parliament on Wednesday during PM Questions.

Watch video version - https://youtu.be/iqXll_itlNA

The Bill appears to be a rebrand of the Conservatives Renters Reform Bill which failed to become law before Rishi Sunak’s disastrous snap election.

I would urge you to read to Bill or at least the ‘Guide’ published here: https://www.gov.uk/government/publications/guide-to-the-renters-rights-bill/82ffc7fb-64b0-4af5-a72e-c24701a5f12a

Many landlords are retiring, considering their options or selling up after years of landlord bashing, red tape and higher taxes under Section 24.

Less new landlords are entering the market in such great numbers due to higher mortgage rates, stricter lending criteria and lower yields on but-to-let properties as prices have risen much faster than rents.

The Renters' Rights Bill 2024 signals a major shift in the dynamics of the private rental market. While these changes aim to protect tenants and ensure fair practices, buy-to-let landlords will need to adapt to new regulations and potentially alter their investment strategies. Smaller landlords could be pushed out by corporates and hedge funds looking to build or buy thousands of properties for rental.

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

#finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #rentersrightsbill #rentersreform

Labour's Wealth Tax, Higher Inheritance and Capital Gains Taxes And A “P...

Labour Hint Of Wealth Tax, Higher Inheritance and Capital Gains Taxes In “Painful” October Budget

 

Prime Minister Sir Kier Starmer and Chancellor Rachel Reeves say “thing will get worse”, and refuse to rule out a “painful” October Budget.

 

Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich.

 

Watch full video version -  https://youtu.be/P0WTdbIAuks

 

The prospect of higher taxes under a Labour government is causing unease among property owners and investors alike.

 

Inheritance Tax is a particular area of concern, as Labour has suggested that the current threshold could be lowered, increasing the tax burden on estates. Currently, IHT is levied at 40% on estates worth over £325,000, but this could change, leading to more families being caught in the tax net.

 

Capital Gains Tax is also on Labour’s radar, with proposals to align CGT rates more closely with income tax rates. This could see higher earners paying significantly more on profits from property sales, stocks, and other investments.

 

Additionally, Labour’s discussions around a potential wealth tax are causing further anxiety. Such a tax would target the richest individuals, potentially impacting those with significant property holdings, investments, and savings.

 

As the political landscape evolves, investors and property owners are advised to stay informed and consider their options carefully. Whether you're thinking of selling, buying, or holding onto your assets, understanding how these potential tax changes could affect you is crucial.

 

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

 

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

 

Watch video version - https://youtu.be/Wx1HXgVW1bM

 

Section 24 Landlord Tax Hike

 

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

 

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

 

Watch video now: https://youtu.be/aMuGs_ek17s

 

For more insights into how to navigate these uncertain times, keep an eye on market trends and consult with a financial advisor to plan effectively for the future.

 

#PropertyMarket #TaxChanges #InheritanceTax #CapitalGainsTax #WealthTax #LabourParty #UKProperty #FinancialPlanning #equityrelease #section24tax #kierstarmer #finances #moneytraining

 

New Property Listings Rise 14% On Last Year As Labour Warns of Future Ta...

Prime Minister Kier Starmer says “thing will get worse”, warning on a “painful” October Budget.

 

The UK property market is showing signs of resilience with a 14% increase in new property listings compared to last year. However, the optimism is being tempered by concerns over potential tax hikes as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax.

 

The surge in property listings can be attributed to homeowners looking to capitalize on the current market conditions before any potential tax changes come into effect. With interest rates remaining relatively low and demand for housing still strong, many are taking the opportunity to sell. However, the prospect of higher taxes under a potential Labour government is causing unease among property owners and investors alike.

 

**Inheritance Tax** is a particular area of concern, as Labour has suggested that the current threshold could be lowered, increasing the tax burden on estates. Currently, IHT is levied at 40% on estates worth over £325,000, but this could change, leading to more families being caught in the tax net.

 

**Capital Gains Tax** is also on Labour’s radar, with proposals to align CGT rates more closely with income tax rates. This could see higher earners paying significantly more on profits from property sales, stocks, and other investments.

 

Additionally, Labour’s discussions around a potential **wealth tax** are causing further anxiety. Such a tax would target the richest individuals, potentially impacting those with significant property holdings, investments, and savings.

 

As the political landscape evolves, property owners are advised to stay informed and consider their options carefully. Whether you're thinking of selling, buying, or holding onto your assets, understanding how these potential tax changes could affect you is crucial.

 

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

 

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

 

Watch video version - https://youtu.be/Wx1HXgVW1bM

 

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

 

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

 

Watch video now: https://youtu.be/aMuGs_ek17s

 

 

For more insights into how to navigate these uncertain times, keep an eye on market trends and consult with a financial advisor to plan effectively for the future. #PropertyMarket #TaxChanges #InheritanceTax #CapitalGainsTax #WealthTax #LabourParty #UKProperty #FinancialPlanning #equityrelease #section24tax #kierstarmer #finances #moneytraining

Turn Your Home Into Your Pension - Equity Release Mortgages Explained

Is Equity Release Right For You?

Need help releasing money from your home? Email: charles@charleskelly.net

#propertymanagement #servicedaccommodation #lettingagents #section21 #rentalproperty #money #financialfreedom #moneymanagement #tenantrights #buy-to-letproperty #equityreleasemortgage #pension #retirementplanning #inheritancetaxplanning

New Property Buyer Enquiries Surge Following Mortgage Rate Cuts

New Property Buyer Enquiries Surge Following Mortgage Rate Cuts

Housing Market Bounces Back Following Interest Rate Cuts Rightmove Reports.

New buyer enquiries rise according to Rightmove and Zoopla, as mortgage rates fall.

Watch video podcast - https://youtu.be/HInDo9iT_7w

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

3 Steps To Success Financial Freedom And Money Management!

I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.

Join me online on my free live money management training Wednesday at 7.00PM.

Places are limited, so register now below to avoid disappointment.

https://bit.ly/3QPp8IH

#finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage

#finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards

Wills, Trusts, and Inheritance Tax: How to Keep More for Your Family

Wills, Trusts, and Inheritance Tax: How to Keep More for Your Family

Don’t Risk Losing Everything!

In the UK, inheritance tax can take a significant portion of your estate, leaving less for your loved ones. However, with careful planning through wills and trusts, you can mitigate this burden.

For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on YouTube or email charles@charleskelly.net to meet a specialist adviser.

Watch full YouTube interview: https://youtu.be/-SfqPiXPTbg

Creating a properly drafted will ensures your assets are distributed according to your wishes, potentially avoiding intestacy rules that might increase your tax liability. Including trusts in your estate planning is a powerful tool to protect your wealth. Trusts can help reduce inheritance tax by transferring assets out of your estate, placing them in the hands of trusted individuals for your beneficiaries.

Key strategies include the Nil-Rate Band Discretionary Trust, which allows you to pass on up to £325,000 tax-free, and gifting assets during your lifetime, which can also reduce the value of your estate if you survive for seven years after the gift.

It's essential to review and update your will regularly to reflect changes in your circumstances and tax laws. Proper estate planning with wills and trusts not only safeguards your legacy but also ensures your loved ones benefit from the maximum inheritance with minimal tax impact.

For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on YouTube or email charles@charleskelly.net to meet a specialist adviser.

 #InheritanceTax #WillsAndTrusts #EstatePlanning #TaxSavings #CharlesKellyMoneyTips #section24 #paylesstax #business #discretionarytrust #livingwill

Safeguard Your Pension Fund: Strategies to Survive a Stock Market Crash

Safeguard Your Pension Fund: Strategies to Survive a Stock Market Crash

How to Protect Your Pension Fund from a Stock Market Crash

Worried about the impact of a stock market crash on your pension fund? You're not alone. Market volatility can significantly affect your retirement savings, but there are strategies you can implement to safeguard your investments. Watch video https://youtu.be/e2iiYBYCUOw?si=enFe6LD0M8jt3hQG

1. Diversify Your Portfolio: One of the best ways to protect your pension fund is through diversification. By spreading your investments across different asset classes—such as bonds, real estate, and cash—you reduce the risk of a market downturn affecting your entire portfolio. Diversification ensures that even if one asset class takes a hit, others may remain stable or even gain value.

2. Regularly Rebalance Your Portfolio: Market conditions change over time, so it's crucial to regularly review and rebalance your portfolio. This involves adjusting your asset allocation to maintain your desired level of risk. Rebalancing helps you lock in gains from outperforming assets and reinvest them into underperforming ones, maintaining a balanced risk exposure.

3. Consider Safe Haven Assets: Investing in safe haven assets like gold, government bonds, or cash equivalents can provide stability during market crashes. These assets tend to hold their value or even appreciate when stock markets decline, offering protection for your pension fund.

4. Stay Informed and Seek Professional Advice: Keeping up with market trends and seeking advice from a financial advisor can help you make informed decisions. A professional can guide you on how to adjust your pension investments to minimize risks during turbulent times.

Protect your retirement savings by taking proactive steps today!

See also:

Why Are UK Taxes So High? 10 Easy Tips To Drastically Reduce Your Tax Liability – Legally - https://youtu.be/PZ9IFiI2Tio

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

Watch video version - https://youtu.be/Wx1HXgVW1bM

A Lifetime of taxes

Income tax, VAT, Council Tax, Car Tax, Insurance and Travel Tax, Green Energy Taxes, BBC Licence Tax, Stamp Duty, Capital Gains Tax, Section 24, Business Taxes and the final kicker; Inheritance Tax for your dependents!

You can legally reduce and mitigate your taxes and inheritance tax for your dependents.

Wills and Trusts

New research from Canada Life reveals that over half of UK adults (51%)1 have not written a will, nor are they currently in the process of writing one. This includes 13% of people who state they have no intention to write a will in the future.

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24, Wills and Trusts.

Watch video now: https://youtu.be/aMuGs_ek17s

#UKTaxes #TaxTips #CharlesKellyMoneyTips #FinancialFreedom #LegalTaxReduction #section24 #stampduty #PensionFundProtection #StockMarketCrash #RetirementPlanning #FinancialSecurity #Diversification #SafeHavenAssets #InvestingWisely #MoneyTips #CharlesKellyMoneyTips #FinancialAdvice

Bank Of England FINALLY Cuts Base Rates By 0.25% To 5% - Good News For M...

Bank Of England FINALLY Cuts Base Rates By 0.25% To 5% - Good News For Mortgage Borrowers

After months of dithering, the Bank of England has finally cut the base rate to 5 per cent, the first time the central bank has voted to cut the base rate since 2020.

On seven consecutive occasions the central bank voted to hold rates at 5.25 per cent between August 2023 and June 2024, despite falling inflation. There had been 14 consecutive base rate hikes since December 2021.

Watch video version - https://youtu.be/2QM8OSUb4OY?si=4Lg1x8qwnXcD_pwb

The bank’s successive interest rate rises between December 2021 and August 2023 were bad news for borrowers but good news for savers.

The average two-year fixed mortgage rate is now 5.78 per cent, according to Moneyfacts, and the average five-year fix is 5.39 per cent.

Right now, the lowest five-year fix is 3.99 per cent and the lowest two-year fix is 4.42 per cent, but lenders have already started cutting rates, but beware for excessive arrangement fees. 

Savers Rates

Say goodbye to great savers deals, including Santander's 5.2 per cent special edition easy-access rate and NS&I's one-year bond paying 6.2 per cent, which launched in September 2023.

One of the best one-year fixed-rate account on the market now pays 5.4 per cent, down from a high of 6.2 per cent in October 2023.

Savers should note that 1,638 savings accounts still beat inflation which is now at the Bank of England's target of 2 per cent, according to the Mail Online.

This means the value of your money is growing in real terms against inflation.

NS&I revealed it will offer a new one-year Guaranteed Growth Bond paying 5.15 per cent or a Guaranteed Income Bond at 5.03 per cent.

The offer is exclusive to existing 6.2 per cent bond holders and will be available when their current one matures, starting from the end of next month.

A saver putting £10,000 in Union Bank of India's one-year fix will earn a guaranteed £554 interest over one year. It comes with full protection under the Financial Services Compensation Scheme up to £85,000 per person.

Are Buy-to-Let property deals still worth it?

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

Watch video version - https://youtu.be/Wx1HXgVW1bM

A Lifetime of taxes

Income tax, VAT, Council Tax, Car Tax, Insurance and Travel Tax, Green Energy Taxes, BBC Licence Tax, Stamp Duty, Capital Gains Tax, Section 24, Business Taxes and the final kicker; Inheritance Tax for your dependents!

You can legally reduce and mitigate your taxes and inheritance tax for your dependents.

Wills and Trusts

New research from Canada Life reveals that over half of UK adults (51%)1 have not written a will, nor are they currently in the process of writing one. This includes 13% of people who state they have no intention to write a will in the future.

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24, Wills and Trusts.

Watch video now: https://youtu.be/aMuGs_ek17s

#finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #interestratecut #bankofengland #mortgagerates

How Labour’s New Renters Rights Bill 2024 Will Hit Buy-to-let Landlords

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

 

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

 

Watch video version - https://youtu.be/Wx1HXgVW1bM

 

Key Changes Proposed in the Renters' Rights Bill 2024

 

1. Enhanced Security for Tenants

The bill aims to provide tenants with greater security by abolishing Section 21 “no-fault” evictions. This means landlords will no longer be able to evict tenants without a valid reason, making it more challenging to regain possession of their properties.

 

2. Rent Controls

One of the most contentious aspects of the bill is the introduction of rent controls. The government plans to cap rent increases, tying them to inflation or another measure. This change is intended to prevent excessive rent hikes but may limit the profitability for landlords.

 

3. Mandatory Property Standards

The bill also proposes stricter property standards, requiring landlords to ensure their properties meet higher quality benchmarks. This includes ensuring proper insulation, energy efficiency, and overall habitability. Non-compliance could result in hefty fines or penalties.

 

4. Longer Tenancy Agreements

Labour advocates for the standardization of longer tenancy agreements, such as three-year contracts, to provide tenants with more stability. While this benefits tenants, landlords may find it challenging to adapt to longer commitments.

 

Impact on Buy-to-Let Landlords

 

1. Financial Implications

The introduction of rent controls could impact landlords’ rental income, especially in high-demand areas where they previously enjoyed significant annual increases. Landlords must re-evaluate their financial projections and strategies to maintain profitability.

 

2. Increased Regulatory Compliance

With stricter property standards, landlords will need to invest in property upgrades to meet the new requirements. This could involve substantial upfront costs but may also enhance property value and appeal in the long term.

 

3.Changes in Investment Strategies

The bill may lead to a shift in investment strategies among buy-to-let landlords. Some might seek to diversify their portfolios or explore other property markets with less stringent regulations. Others might exit the rental market altogether if the perceived risks outweigh the benefits.

 

4. Impact on Property Supply

As landlords adjust to these changes, there could be a temporary reduction in the supply of rental properties. Some landlords might sell their properties, leading to a more competitive market for remaining rental units.

 

In conclusion, the Labour Party’s Renters' Rights Bill 2024 is set to bring comprehensive reforms to the rental market. While these changes aim to protect tenants and ensure fair practices, buy-to-let landlords will need to adapt to new regulations and potentially alter their investment strategies. Staying informed and proactive will be key for landlords to navigate this evolving landscape successfully.

 

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

#finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards