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Headsup On Money.
Never make another financial mistake.
Join Benjamin Mitchell (The Money Scot) - a chartered financial planner and serial hater of financial jargon, as he helps you to make better financial life decisions, retire on your terms and never make another financial mistake.
In this weekly podcast we answer the money questions you're too scared to ask and arm you with the knowledge and power to help you get on top of your personal finances.
132 Episodes
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The word 'Trust' brings many things to mind, and often the truth of what a Trust is, and what they can be used for, is lost in translation. In this episode Benjamin explains the role of Trusts in financial planning so that you can understand some of the scenarios in which they may/may not be required. Jargon free and straight to the point as always. Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he helps you to never make another financial mistak...
Benjamin takes a step back from the heavy finances this week and focuses instead on the heavier questions that we all need to ask ourselves from time to time. We're all aware of the finitude of time, but continue to 'plod on' with our financial plans, often with no clear end in sight. It's time to ask yourself these questions and re-focus on what really matters. Your finances should then be used to fit into that, not the other way around. Join Benjamin Mitchell (themoneyscot), s...
We've all been there... You tick a certain option on a pension form because you don't really understand it and surely it can't make that big an impact, can it? ... Fear not, in this episode Benjamin shares the £M pension tick-box mistakes so you can avoid them and go into these seemingly unimportant tick box opportunities with your eyes open. Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he helps you to never make another financial mistake. Getting on...
Without a cash flow model you are simply planning blind. How do you know if you have 'enough' if you don't start with the end in mind and work backwards? In this episode Benjamin describes what a cash flow model is, and explains why a cash flow model is so important within your financial planning. You can run one of these yourself within your plan in a few, simple steps. This episode will help to lay the foundations. Join Benjamin Mitchell (themoneyscot), serial hater of f...
Fear not money nerds, this isn't a generic run through of the dreaded financial new year's resolutions. Nobody ever sticks to those anyway. Financial planning is dull and sticky, and you want low effort, maximum reward steps to improve your financial picture. This episode should provide you with all you want and more. Benjamin summarises the easy steps you can take to power your financial plan, without you needing to even leave the comfort of your sofa. What could be better ...
In this, the final episode of Headsup on Money for 2025, Benjamin builds on last week's discussion on how much you should target in your 'retirement pot' to achieve a comfortable retirement. Achieving a £1.5M portfolio may seem challenging and almost impossible, but getting there isn't as hard as you may think. Benjamin brings this to life with various real life scenarios and looks at how timeframes, growth rates and monthly investment amounts can have a huge impact on the longer ...
Planning for retirement can be hard when you don't know how retirement will take shape. How much do you need to afford a good standard of retirement? The answer is higher than you think it is. Probably much higher. Which reinforces the need to plan early and invest in the right asset classes to help take you there. Here's the resource Benjamin mentioned at the end of the episode. Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he...
With the Never Ending Worry Service (news) all around us when it comes to our money it can be hard to know what to do. However, in this episode Benjamin challenges the normal convention that we should focus our attention on what we should do, or what we should buy. What if instead we focused on what we should avoid and what we in fact shouldn't do? Avoiding financial mistakes can have a far greater impact on the success of our financial plans. This episode discusses wh...
As promised, in this special episode Benjamin summarises the main takeaways from the 2025 Autumn Budget. Rachel Reeves delivered her second Budget a little over a day ago, and everything you need to know and do is contained in this summary episode. Benjamin summarises the waffle: Changes to cash ISAsFreezing of income tax thresholdsNew income tax rates on property, interest and dividendsSalary sacrifice changesInheritance TaxAnd more. Finally we have some clarity and the rumo...
If you're earning over £100,000 a year, or are closing in on that level then this is the episode for you. For every £2 of income above £100,000 you lose £1 of your personal allowance, which means previously tax-free income is now subject to tax. This can result in a whopping tax rate of 60% south of the border, and 67.5% north of the border. Fortunately, there are ways you can plan to avoid this tax charge from occurring. Benjamin outlines the main strategies in this w...
In this episode Benjamin is joined by our first international guest, Rob Macdonald to chat about mastering your financial health. Rob brings a wealth of knowledge and experience on the subject of behavioural finance and why investors struggle to achieve the financial returns they deserve. Together they discuss: Why topics like clarity and confidence are so important when it comes to your money. The merits of partnering with a professional adviser to help you meet your f...
In this episode Benjamin discusses a new way to think about diversification when it comes to your financial planning. For once, we're not talking about investment diversification, rather tax diversification, and spreading your wealth appropriately across taxable, tax-deferred and tax-free wrappers. This episode should give you some food for thought to help you feel less worried about changes in tax rules. It's inevitable that changes will come (pensions and IHT in 2027 are p...
Welcome to a Halloween themed episode of Headsup on Money. In this episode Benjamin shares some ghoulish commentary on the most common mistakes we make with our financial planning. By the end of this episode you'll know how to transform these tricks into treats. Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he helps you to never make another financial mistake. Getting on top of your personal finances doesn't need to be complicated or sc...
In this episode Benjamin shares some financial learns from the mighty Morgan Housel. Thinking about the big things in a little way can help us to digest what initially appears scary and overwhelming. It can also help us to recognise our limitations and biases and make us more successful investors and happier humans! Here's a link to more on this topic by Morgan Housel. Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he helps you to never mak...
In this episode Benjamin is joined by Ruth Sturkey, former Chair of the Institute for Financial Wellbeing. Together they discuss how to live a rich and rewarding life and where financial wellbeing fits into the bigger picture. Can money make us happy? Here's the link to Ruth's website, and her LinkedIn account. She also has a great mailing list which can be signed up to here. Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he helps you...
In this episode Benjamin discusses investment market noise and how you can apply two simple tests to check whether you need to pay attention, or tune it out. Why are so few of us successful investors? This episode helps explain our often flawed best intentions. Jargon free as per! Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he helps you to never make another financial mistake. Getting on top of your personal finances doesn't need to be...
The UK financial planning and tax planning landscape often isn't very fair. Small incremental changes to your income and/or asset position can result in punitive tax charges and loss of wealth. Loss of personal allowance Loss of child benefit Loss of your Residence Nil Rate BandLoss of tax free child careLoss of Personal Savings Allowance...In this episode Benjamin summarises these 'cliff-edge events' so that you can go into this with your eyes open and actively plan to avoid ...
With Rachel Reeves' budget on the 26th November fast approaching, the storms of speculation are circling! In this episode Benjamin reviews the current rumour mill and provides a take on what you should do in light of the media speculation frenzy. The short answer is: not much money nerds. Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he helps you to never make another financial mistake. Getting on top of your personal finances doesn't need to be c...
In this episode Benjamin (somehow) manages to link marshmallows with good financial planning. Delayed gratification is an important concept when it comes to your personal finances. Perhaps an experiment involving marshmallows from the 1970s can help us to better manage the trade off. Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he helps you to never make another financial mistake. Getting on top of your personal finances doesn't need to be complica...
In this episode Benjamin is joined by Lars Kroijer, former hedge fund manager to discuss Lars' journey from believing he had an 'edge' when it comes to investing, to recognising our limitations. Together they chat about Active versus passive fund managementWhat does 'risk' really mean? How to structure a basic - but mighty - portfolioWhy as human beings we tend to disregard simplicity? Where does property fit into your financial plan? Financial armageddon and planning for...
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