Today we’re rounding off this season on Millennial Finance with the now-traditional season Q&A. Throughout season 13 you’ve been sending in questions – over 100 of them – and today I want to pull out the main ones and do my best to answer them.
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Millennial Finance – Season Q&A
As is always the case, there were some recurring themes in the questions which enabled me to group the answers here pretty easily. Hopefully your questions are answered in the season content and in today’s show. If not, remember you can always leave a question in the comments section below!
Resources mentioned in this episode
Investment Platform: 7IM Self-Invest
Podcast: Speaking To Your Partner About Money
Podcast: Dealing with Financial Paperwork
Podcast: Financial Planning For Singles
Website: Money To The Masses and especially Damien's Money MOT
Course: Learn How To Invest– Don't forget the discount code of PODCAST25 when you sign up
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Website: Meaningful Academy
Book: The MeaningfulMoney Handbook
And for a transcript of today's show, click the big blue button below!
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Hi Pete.
Great advice as always. I’m now helping my daughter on her financial journey. She has the full amount (£12K) in a H2B ISA.
1) Can she transfer that to a Lifetime ISA in one go, as you can with other ISAs (e.g. cash ISA from one provider to another such as S&S ISA)?
2) Will that automatically get the 25% top up from the government?
3) Can she still add £4K/year in the same year as a transfer as the an annual allowance limit?
The H2B ISA only allows for house prices up to £250K (or £450K in London), which is not always enough to by a first house, so may not be useful anyhow.