The Savvy Wallet Podcast

In this episode, Ato speaks with Peter Ferrigno, Director of Tax Services at Henley & Partners who is the global leader in residence and citizenship planning. We discuss: - Why so many Millionaires are leaving the UK - How Millionaires leaving the UK impact it’s economy - The countries with the lowest tax rates - What you should consider before moving abroad - How to protect your financial future and much more 🔗 Connect with Peter: Linkedin: https://www.linkedin.com/in/peterferrigno1 Instagram: https://www.instagram.com/peter.ferrigno 📩 Sign up to my mailing list to be the first to know about upcoming events: ⁠⁠⁠⁠⁠⁠⁠⁠⁠http://eepurl.com/hJEcLL⁠⁠⁠⁠⁠⁠⁠⁠ [%E2%81%A0%E2%81%A0%E2%81%A0%E2%81%A0%E2%81%A0http://eepurl.com/hJEcLL%E2%81%A0%E2%81%A0%E2%81%A0%E2%81%A0] 💼 What's in The Wallet Submit any question anonymously and it may get answered in future episodes. Drop your question here: ⁠⁠⁠⁠⁠https://tally.so/r/w5gzdE⁠⁠⁠⁠ [https://tally.so/r/w5gzdE] 🤝 Partners 📚Coursera - Learn AI, Cybersecurity, Project Management, Data Science & more with the education platform that I use: https://imp.i384100.net/savvywallet Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 0:00 - Preview 1:11 - Intro 1:22 - Meet Tax Director, Peter Ferrigno 6:53 - Are more people leaving the UK now? 9:40 - The UK lost 16,500 Millionaires 15:03 - Why Capital Gains Tax Is Lower 23:12 - How do millionaires leaving the UK impact us? 28:26 - Should we care about millionaire leaving the UK? 34:04 - How many more millionaires will leave the UK in 2025? 34:24 - Where are millionaires moving to? 42:22 - Getting citizenship by investment 43:11 - The Italian Tax System 43:59 - Why do countries want millionaires ? 48:21 - Why is the every day person leaving the UK? 50:23 - Opportunities of staying in the UK? 53:05 - People are coming to the UK 54:28 - Impact of scrapping Capital Gains Tax 56:12 - The 60% tax trap 59:09 - Don’t reduce peoples personal allowances! 1:02:54 - Make it easy for people to spend money 1:06:27 - Countries in the world with the highest taxes 1:12:54 - Practical steps to protect your financial future 1:19:07 - Budgeting and financial planning 1:23:44 - Simple ways to reduce tax 1:26:16 - Common tax pitfalls to be aware of 1:28:29 - What would stop people from leaving the UK? 1:35:49 - Key lessons from 35 years in tax 1:38:36 - Advice for moving abroad 1:40:59 - Which countries has the lowest tax rates in the world 1:45:04 - Final words Disclaimer: 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. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Michael is a certified financial planner and financial advisor with over a decade of experience in the financial services industry. In this episode we discuss: - How a client experienced changed Michael’s perspective on retirement - Pro’s and cons of using a pension for retirement - What you need to do differently to speed up your retirement - What are RSU’s and stock options and how to build wealth with them - Building a balanced retirement portfolio and much more 🔗 Connect with Michael: Linkedin: https://www.linkedin.com/in/michaelgdonkor Instagram: https://www.instagram.com/mikegdonkor 📩 Sign up to my mailing list to be the first to know about upcoming events: ⁠⁠⁠⁠⁠⁠⁠http://eepurl.com/hJEcLL⁠⁠⁠⁠⁠⁠ [%E2%81%A0%E2%81%A0%E2%81%A0%E2%81%A0%E2%81%A0http://eepurl.com/hJEcLL%E2%81%A0%E2%81%A0%E2%81%A0%E2%81%A0] 💼 What's in The Wallet Submit any question anonymously and it may get answered in future episodes. Drop your question here: ⁠⁠⁠https://tally.so/r/w5gzdE⁠⁠ [https://tally.so/r/w5gzdE] 🤝 Partners 📚Coursera - Learn AI, Cybersecurity, Project Management, Data Science & more with the education platform that I use: https://imp.i384100.net/savvywallet Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 0:00 - Preview 1:01 - Intro 1:12 - Meet Financial Advisor, Michael 4:49 - When I thought wealth was possible for me  12:07 - Client story that changed my perspective on life 18:27 - When you retire you grieve your job 22: 30 - How serious is the retirement problem for previous generations  28:45 - What does retirement mean for you?  30:58 - When should you contribute to your pensions?  34:59 - Invest in things you’re interested in 39:44 - S&P 500 & Global index funds in your pensions 42:25 - How to retire with a pension 47:36 - When you can no longer get tax benefits from a pension  50:15 - How to utilise the stock market to retire earlier  55:16 - What you need to do differently to retire earlier?  1:02:38 - The approach to the stock market to retire earlier  1:04:01 - What are stock options and RSU’s and how to build wealth with them  1:09:50 - The downsides of RSU’s 1:14:24 - How to use property for retirement? 1:18:55 - A balanced retirement plan 1:20:02 - What’s in The Wallet  1:23:14 - Final Words Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Hey Folks! I hope you’re enjoying the weekend! Just to let you know the podcast will be on a short break for 1 week and will return on the 14th July.  I need a short break to replenish my battery and go strong for the second half of the year. In the meantime why not check out previous episodes that you've missed. I’ve got so many amazing conversations coming up so please stayed tuned and I’ll see you soon! Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

In this bonus episode, recorded live at the Morningstar Investment Conference, Ato speaks with Ryan Murphy, Global Head of Behavioral Insights at Morningstar — a leading global investment research and management firm known for its trusted data, analysis, and expert insights that help investors make informed decisions. In this episode we discuss: - How your money mindset shapes financial decisions and long-term success - Simple strategies to avoid common behavioural mistakes with investing - Why taking a long-term view helps you stay calm during market volatility - Practical steps to define your true financial goals and take action and much more Connect with Ryan Murphy: https://www.linkedin.com/in/ryan-murphy-77245b2 📩 Sign up to my mailing list to be the first to know about upcoming events: ⁠⁠⁠⁠⁠⁠⁠⁠http://eepurl.com/hJEcLL⁠⁠⁠⁠⁠⁠⁠ [%E2%81%A0%E2%81%A0%E2%81%A0%E2%81%A0%E2%81%A0http://eepurl.com/hJEcLL%E2%81%A0%E2%81%A0%E2%81%A0%E2%81%A0] 💼 What's in The Wallet Submit any question anonymously and it may get answered in future episodes. Drop your question here: ⁠⁠⁠⁠https://tally.so/r/w5gzdE⁠⁠⁠⁠ [https://tally.so/r/w5gzdE] 🤝 Sponsor Tide - Earn up to 4.22% AER Variable on your business savings here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tide.co/offers/savvywallet/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.tide.co/offers/savvywallet/] You'll get a free £100 when you use the code ‘SAVVYWALLET’ and fund the Instant Savings Account with £5,000 within the first 30 days. Ts&C's apply. Save more, earn more—up to 4.22% AER (variable). Interest rates are tiered, with the top rate for balances over £1M. Each tiered rate applies to the portion within that range. New Tide members get these rates free for 6 months; after that, your Tide plan’s rates apply. For the full offer T&Cs visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠tide.co/savings.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [tide.co/savings.] Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

In this episode, Ato speaks with Joyce Idoniboye, Chief People Officer at Oxfam GB she is an accomplished Human Resources leader with over 20 years of experience spanning the non-profit, investment banking, and legal sectors. In this episode we discuss: - Why Joyce risked everything to move to London - How she went from working in a hotel to Chief People Officer - How to stand out to your manager and get promoted - Negotiating your salary - Career Skills that will be valuable in an AI world - How to stand out in the job market and much more 🔗 Connect with Joyce: Linkedin: http://www.linkedin.com/in/joyce-idoniboye-a6068219 Instagram: https://www.instagram.com/thejoyceoutloud 📩 Sign up to my mailing list to be the first to know about upcoming events: ⁠⁠⁠⁠⁠⁠⁠http://eepurl.com/hJEcLL⁠⁠⁠⁠⁠⁠ [%E2%81%A0%E2%81%A0%E2%81%A0%E2%81%A0%E2%81%A0http://eepurl.com/hJEcLL%E2%81%A0%E2%81%A0%E2%81%A0%E2%81%A0] 💼 What's in The Wallet Submit any question anonymously and it may get answered in future episodes. Drop your question here: ⁠⁠⁠https://tally.so/r/w5gzdE⁠⁠⁠ [https://tally.so/r/w5gzdE] 🤝 Sponsor Tide - Earn up to 4.22% AER Variable on your business savings here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tide.co/offers/savvywallet/⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.tide.co/offers/savvywallet/] You'll get a free £100 when you use the code ‘SAVVYWALLET’ and fund the Instant Savings Account with £5,000 within the first 30 days. Ts&C's apply. Save more, earn more—up to 4.22% AER (variable). Interest rates are tiered, with the top rate for balances over £1M. Each tiered rate applies to the portion within that range. New Tide members get these rates free for 6 months; after that, your Tide plan’s rates apply. For the full offer T&Cs visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠tide.co/savings.⁠⁠⁠⁠⁠⁠⁠⁠⁠ [tide.co/savings.] Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 0:00 - Preview 1:10 - Intro 1:21 - Meet Chief People Officer, Joyce 3:18 - Growing up in foster care 7:01 - Reconnecting with my sister was a miracle 10:23 - From homeless to working in a hotel 14:58 - Why I wanted more for myself 18:26 - If you’re hungry people will help you 21:43 - Tide Ad 23:02 - Key steps to becoming a Chief People Officer 34:10 - How to be your authentic self at work 41:44 - What I do as a Chief People Officer 47:45 - Dealing with imposter syndrome 53:59 - Savvy Wallet Ad 54:08 - How to stand out to your manager 59:56 - How to show value to your company even if you work from home 1:03:04 - Is working hard or selling yourself more important at your job 1:07:51 - Signs your company won’t promote you 1:11:18 - Key steps to get promoted at work 1:17:02 - Does job hopping help your career? 1:19:50 - Skills that will always be relevant in an AI world 1:24:40 - How to negotiate your salary 1:28:04 - How I would get a job in this tough job market 1:31:01 - Key lessons learnt from a 20+ year career 1:32:55 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]