Do what you love and the money will follow

Tips LIFESTYLE | 03. June 2019

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy, and property business.

ABOUT ME

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. Charles spent over 25 years in financial services working for banks, insurance companies and as a qualified Independent Financial Adviser running his practice.

Do what you love and the money will follow

Tips LIFESTYLE | 03. June 2019

asdasdasd Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. Charles spent over 25 years in financial services working for banks, insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy, and property business.

side

ABOUT ME

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice.

Latest podcasts.

New Lockdown Grants Available for UK Businesses and Workers Affected by COVID-19 Disruption

Listen to New Lockdown Grants Available for UK Businesses and Workers Affected by COVID-19 DisruptionFollowing the third Covid-19 lockdown, which started 5 January 2021, the UK Chancellor, Rishi Sunak, announced a further £4.6 billion in grants to the retail, hospitality and leisure sectors. This new round of support follows extensions to the job retention and loan schemes revealed on 17 December 2020. There may be more to come with the Budget on Wednesday 3 March 2021. New lockdown 3.0 grants  An extra £4.6 billion in lockdown grants has been directed at the worst affected sectors. New grants for closed retail, hospitality and leisure businesses have been introduced. The new grants are in addition to all other forms of support, such as the Lockdown Restrictions Support Grant (LRSG (Closed) Addendum) which applied to businesses that were forced to close between 5 November  and 2 December 2020. The new grants in England will be: £4,000 for businesses with a rateable value of £15,000 or under;   £6,000 for businesses with a rateable value between £15,000 and £51,000; and    £9,000 for businesses with a rateable value of over £51,000. In addition, £594 million is being made available for Local Authorities and the Devolved Administrations to support other businesses not eligible for the above grants, that might be affected by the latest restrictions. Businesses should apply to their Local Authorities. The Devolved Administrations will be receiving additional funding in line with the English measures, with £375 million for Scotland, £227 million for Wales and £127 million for Northern Ireland. The announcement of the new grants talks of helping business “through to the Spring”, with the Chancellor hinting that additional support measures are to come in the Budget on 3 March 2021.  Coronavirus Job Retention Scheme (CJRS)  The CJRS “job furlough” scheme is now running through to April 2021. According to Statistica.com, as of December 13, 2020, approximately 9.9 million jobs, from 1.2 million different employers were furloughed in the United Kingdom as part of the government's job retention scheme. The overall cost in 2020 exceeded £43 billion and continues to rise with more businesses forced to close in lockdown 3. On 17 December 2020 the Chancellor announced a further one-month extension of financial support under the Coronavirus Job Retention Scheme (CJRS) to the end of April 2021. As currently, the government will pay 80% of the salary of employees for hours not worked up to a maximum of £2,500. Employers will only be required to pay wages, National Insurance Contributions (NICs) and pensions for hours worked; and NICs and pensions for hours not worked.  Claims for furloughed employees can only be made for those who were employed and on payroll on 30 October 2020. The employer must have made a PAYE RTI submission to HMRC between 20 March and 30 October 2020, notifying a payment of earnings for that employee. This may differ where an employee has been made redundant, or they stopped working on or after 23 September 2020 and have subsequently been re-employed. Self-employed Income Support Scheme (SEISS) SEISS Continues. No changes to the SEISS were announced alongside the CJRS extension, as the SEISS already runs through to the end of April 2021. Details of the fourth SEISS grant that will cover the three months from February to April have not yet been released. How to apply for SEISS. Loan schemes Most schemes extended to 31 March 2021. On 17 December the Chancellor extended access to the Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS), and the Coronavirus Large Business Interruption Loan Scheme (CLBILS) until the end of March. Additional support measures In November 2020 the Financial Conduct Authority (FCA) published fresh guidance across a range of issues including mortgages and consumer credit and loans. The thrust of these was to limit the maximum payment holiday to six months, which had to be agreed three months at a time. Source: Tax Briefs. As the government hints at even tougher lockdown action, the Federation of Small Business estimates that 250,000 small businesses will go under this year. By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See omnystudio.com/listener for privacy information.

Have YOU Applied For The Self-Employed Income Support Scheme (SEISS) Grant?

Listen to Have YOU Applied For The Self-Employed Income Support Scheme (SEISS) Grant?The third Self-employed Income Support Scheme (SEISS) grant, announced by Chancellor Rishi Sunak on 5 November, has opened up for applications. This grant covers up to 80% of lost income between November and January. If you meet the eligibility criteria the grant will provide a lump sum up to £7,500 to cover up to 80% of your average trading profits. Beware of scams and only apply via the official Government claims portal, which you can do at any time until 29 January 2021. Once you apply, HMRC will check your claim and pay your grant into your bank account within six working days. You will get an email when your payment is on its way. To apply, or check eligibility, you will need the following official government information: Self-assessment unique taxpayer reference (UTR) – if you do not have this, find out how to get your lost UTR. National insurance (NI) number – if you do not have this, find out how to get your lost NI number. Government Gateway user ID and password – if you do not have a user ID, you can create one when you make your claim. UK bank details (only provide bank account details where a Bacs payment can be accepted) including the bank account number, sort code, name on the account and address linked to your bank account. You must make the claim yourself. Your tax agent or financial adviser must not claim on your behalf as this will trigger a fraud alert. We are expecting a fourth grant covering a percentage of average income from February to April 2021. Employees can still benefit from the ‘furlough’ Coronavirus Job Retention Scheme, paying 80% of a furloughed employee’s salary up to £2,500, which is being extended until the end of March 2021. Many self-employed people are slipping through the net and getting no support. Small business owners I speak to complain that they do not qualify for grants or even bounce back loans because they have recently set up their business or their profits are too low. Whilst there is always the option claiming income support benefits through Universal Credit, many self-employed people are still trying to keep their businesses going through the lockdown and are not technically unemployed. As the government hints at even tougher lockdown action, the Federation of Small Business estimates that 250,000 small businesses will go under this year. By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See omnystudio.com/listener for privacy information.

Travellers to UK Will Need Negative COVID-19 Test From Next Week

Listen to Travellers to UK Will Need Negative COVID-19 Test From Next WeekThe Transport Minister has announced that all international travellers will shortly have to provide proof of a test negative for Covid-19 before departing to the UK. Passengers arriving by plane, train or boat, including UK nationals, must take a test up to 72 hours before leaving the country they are in. Passengers arriving from countries which not on the government's travel corridor list must still self-isolate for 10 days, regardless of their test result. Mr Shapps told LBC the testing rule will come into force "likely on Wednesday or Thursday next week", and details of how to get tests abroad will be published on the gov.uk website. Under the new rules - which are expected to come in from next week - anyone who arrives in the UK and has not got proof of a negative test could face an immediate £500 fine. But there will be exemptions for: children under 11 hauliers those travelling from countries without the infrastructure to deliver tests - although details of those have not been released yet arrivals from the CTA Common Travel Area with Ireland. The rule will be UK-wide, although Northern Ireland said it had only "agreed in principle" and was working to solve any policy and operational issues. Non-essential travel abroad is not currently allowed in the UK, after lockdowns were brought in. Source: BBC News For further information and updates see:  Mandatory COVID-19 testing introduced to bolster border measures - GOV.UK (www.gov.uk)  https://www.gov.uk/government/news/mandatory-covid-19-testing-introduced-to-bolster-border-measures Virgin Media jacking up prices again – Richard Branson must need the cash to bail out his airline? How I saved £200 with one phone call. Are you claiming your self-employed coronavirus relief aid? By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See omnystudio.com/listener for privacy information.

Lockdown 3 The Sequel: 5 Quick Tips To Help Your Business Survive in 2021

Listen to Lockdown 3 The Sequel: 5 Quick Tips To Help Your Business Survive in 2021It’s not the strongest and fittest, but the most adaptable and flexible that survive a crisis 5 Quick Tips To Help Your Business Survive in 2021: If you haven’t done so already, get online and learn how to sell your goods and services to billions of people buying stuff on the internet every minute of every day. Stay open for business as much as legally possible when others close up. Increase your level of service instead of reducing it like most people do! Look for new opportunities which are always out there, especially in recessions. Check .gov website for any grants, support or relief available for your business. Lastly, hang in there and don’t despair! See also episode - 7 Steps to Transform Your Finances in 2021 Whatever New Year’s resolutions you make, set realistic, achievable goals and write them down! Here are my 7 steps to transform your 2021: Review your finances and start saving Review your consumer debts and credit cards Review you spending habits – Use the 3 R’s Review your utility suppliers – energy and mobile phone Review ISA and Pensions and use tax allowance Review your Will and inheritance tax liability Review Tax – have you submitted your tax return yet? Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See omnystudio.com/listener for privacy information.

Subscribe to my podcast

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. Charles spent over 25 years in financial services working for banks, insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business. Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation. For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Subsribe Now

Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.

Subscribe

our Latest Blogs

#Follow us on Instagram