Hold cash savings or invest? NHS pension benefits? Childcare tax hack? (Q&A)

We're answering your questions from YouTube again! In this episode we delve into viewer questions regarding the versatility of Lifetime ISAs, including the possibility of holding both cash and stocks within them. We provide a detailed look at when it's preferable to opt for cash over stocks based on investment time frames, emphasizing the impact of market volatility. The episode also covers the tax implications of gift aid for higher rate taxpayers and explores how NHS pension contributions can influence adjusted net income, crucial for understanding tax-free child care eligibility and personal allowance adjustments. Additionally, concerns about ISA transfers and the pros and cons of cash investments in 2023 are addressed, offering a comprehensive overview for those looking to optimize their financial planning.

00:00 Welcome to the Q&A Session!
00:22 Exploring Lifetime ISAs: Cash vs. Stocks
12:19 Understanding Gift Aid and Tax Implications
21:10 Wrapping Up and Encouraging Engagement

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DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice and tax allowances and rates are subject to change.