Comprehensive UK Personal Finance Training

Name: Comprehensive UK Personal Finance Training
Rating: 4.6 (161 reviews)

Investing, Taxes, Pensions, Homes, Childcare, Borrowing, Sharia Financing, Retirement, Estates

Created byTerance Mwamuka

Last updated 1/2025

English

What you'll learn

Personal finance 101 from budgeting to investing
Managing your finances
Investments options available in the UK
Managing your pensions and retirement planning
Overview of the UK tax system & managing your taxes
Government home buying schemes available in the UK
Government backed childcare schemes
Borrowing schemes and credit ratings
Planning for after life
Government pension scheme

Course content

19 sections • 240 lectures • 18h 15m total length

Introduction2:34
IMPORTANT DISCLAIMER - PLEASE READ1:50
Course Animation Video1:25
Opening words & navigating the course5:25

Introduction3:25
This is the introduction to the section. This section is detailed and will set the theme for the whole course. Take your time as you go through the material. I have tried to explain things concisely without making things too long. You can use other external resources to gain main information if you would like.
Overview of section & why you need money0:55
Why should you invest?2:12
Time Value of Money Principle4:20
This covers the key principle of investing that £1 today is worth more than £1 next year. I have given some simple examples to make things simple.
How does stock markets work?5:23
I have given a broad explanation of how stock markets work and all the parties involved. This is for your awareness purposes only and you don't need to memorise these things.
Understanding Present Values, Future Values & Opportunity costs8:18
Building on the time value of money principle, here I have explained the main financial terms including the opportunity costs.
EXAMPLE - Simple Calculation of Investment returns5:02
Here I will show you how an investment return or profit is calculated through 3 simple examples. You invest for better returns so it is important for you to understand how returns are calculated.
Relative Returns1:18
I have explained how you can determine whether the return or profit you got is enough. You do this by comparing it to relative returns which are usually stock market indices.
Stock Market Indices15:00
Here I example stock market indices, how they are formed and what they do. Stock market indices are commonly used as relative returns i.e. for comparing product returns to them.
Different categories of investors6:07
In this video I explain the different classifications of clients by the Financial Conduct Authority and what this means for you. Depending on your classification this limits the financial products that you can access.
Quick introduction to investment products1:37
This is a quick introduction to the investment products that are following.
1. Cash Savings18:16
In this video I explain cash savings, how to find better deals, the advantages & disadvantages of holding cash savings.
2. Bonds - Government & Corporate bonds14:23
In this video I explain what are bonds, the two categories of corporate & government. I also explain how bonds work and take you through a couple of examples. I have also explained the reasons for holding bonds, and where to buy them.
3. Equities - Quick introduction0:45
In this video and the next videos I have explained equities, stocks or shares what they are and how to buy them. I also provided a simple example of the forming of companies, trading and listing. I have also explained key accounting terms. In doing this I used a simple grocery example and Tesco financial statements
3. Equities - Grocery Example - Year 13:25
I have used a simple grocery example in explaining key accounting concepts that will be useful when evaluating a potential investment.
3. Equities - Grocery Example - Year 23:16
I have used a simple grocery example in explaining key accounting concepts that will be useful when evaluating a potential investment.
3. Equities - Grocery Example - Year 36:26
I have used a simple grocery example in explaining key accounting concepts that will be useful when evaluating a potential investment.
3. Equities - Grocery Example - Other Accounting Transactions8:25
In this video I explain the other key accounting transactions to be on the look out for on the financial statements
3. Equities - Grocery Example - Registering a company & listing4:24
3. Equities - TESCO CASE STUDY - Introduction24:12
3. Equities - Quantitative Analysis of companies12:37
3. Equities - Qualitative Analysis of companies5:03
3. Equities - Other Investment Considerations5:47
3. Equities - Understanding company sectors6:25
3. Equities - Understanding Corporate Events9:41
Investment Funds - Introduction9:22
4. Investment Trusts - What is It?6:40
4. Investment Trusts - LIVE EXAMPLE9:08
4. Investment Trusts - Choosing a fund to invest7:15
5. Unit Trusts8:45
6. Open Ended Investment Companies (OEICs)7:12
7. Exchange Traded Funds (ETFs)13:57
8. Real Estate Investment Trusts (REITs)13:05
OTHER HIGH RISK ASSETS - Introduction1:58
HIGH RISK - Contract for Differences (CFDs)6:22
HIGH RISK - Spread Betting6:01
HIGH RISK - Foreign Currency (FX) Trading4:35
HIGH RISK - Commodities3:21
HIGH RISK - (PLEASE AVOID) - Binary Options4:43
HIGH RISK - Cryptocurrencies9:44
How the FCA & BoE Ensures your assets are safe5:23
Financial Services Compensation Scheme (FSCS)1:23
Resolving Issues with your provider1:44
INVESTMENT TIPS & INSPIRATION11:37
Last words1:15

Introduction to section1:19
What is a pensions?1:47
Workplace Pensions - Defined Benefit pension schemes2:28
Workplace Pensions - Introduction3:47
Workplace Pensions - In practise4:19
Workplace Pensions - Important Things to Do3:10
Workplace Pensions - Changing Employers2:22
Personal Pensions - SIPP - Self Invested Pension Plans7:11
GPP & Small administered pension schemes4:02
Pension Tax reliefs & Allowances6:36
Taking your pension - SIPP & Occupational Pensions Only2:26
Public Sector Pension Schemes10:41
State Pension Schemes7:17
Planning for your retirement2:44
Where to Get FREE HELP on Pensions2:20
Mini - Frequently Asked Questions on Pensions2:16
Investment Account Opening Illustration2:28
Last words1:55

Introduction to tax and non-tax wrappers1:45
Overview of 4 Individual Savings Accounts (ISAs)1:39
Cash ISAs7:58
Stocks and shares ISA12:30
Lifetime Individual Savings Account (LISA)8:20
Innovative Finance ISA4:37
General Investment Account (GIA)4:42
Self Invested Pension Plan (SIPP)3:50
Junior ISA6:12
Simple Investment Options - Robo-advisors7:51
Simple Investment Options - Pre-made Investment Models4:37
Important Considerations when choosing an investment provider3:27
Transferring ISAs, JISAs, LISAs & SIPPs between providers2:41
What happens to wrappers when you move abroad1:28
What happens to ISAs when you die2:48
Last words1:17

Introduction on buying gold0:50
Overview of gold, advantages & disadvantages to owning gold3:24
How gold is measured2:51
How and where to buy gold1:34
In this video I explain how and where to buy gold in the UK. You can download a listing of gold sellers in the UK here.
Storing your gold0:53
Other indirect ways of holding physical gold2:15
This video explains other ways to hold gold instead of the physical gold itself such as Exchange Traded Funds & gold miners. I have also given examples of ETFs and gold miners.
Other alternative precious metals0:32
Last words0:53

Introduction to borrowing1:37
Overview of borrowing & borrowing statistics2:55
How does borrowing work6:56
Introduction to interest rates0:41
Bank of England (BOE) - Bank rate3:46
Understanding Interest rate - Simple Interest1:05
Understanding Interest rate - Compound Interest3:04
Understanding Interest rate - Fixed Interest3:23
Understanding Interest rate - Variable Interest Rate0:54
Understanding Interest rate - Annual Percentage Rate (APR)2:16
Understanding Interest rate - Representative APR2:29
Understanding Interest rate - Annual Percentage Rate of Change (APRC)0:30
Understanding Interest rate - Promotional Interest Rate1:39
Understanding Interest rate - Annual Equivalent Rate (AER)1:46
What determines the interest you pay1:53
Personal Loans5:51
Credit cards5:25
Overdrafts7:24
Credit Sales1:56
Credit Union Loans2:55
Hire Purchase5:16
Home Credit (Doorstep Loans)3:03
Mortgage Loans18:19
Equity Release Loans7:07
Sharia Mortgage Loans0:29
Remortgaging5:23
Mail Order Catalogues0:35
Payday Loans3:22
Logbook Loans3:37
Pawn Broker Loans3:16
IMPORTANT BEWARE OF LOAN SHARKS3:21
UK student Loans5:42
Motor vehicle finance - cash, hire purchase, PCP etc11:36
33. Key Considerations when buying cars. MOT. Road Tax & Vehicle Insurance10:37
IMPORTANT BEWARE of Guarantor Loans3:18
IMPORTANT - DEBT ISSUES TO WATCH OUT FOR6:13
How to minimise debts3:23
STRUGGLING WITH DEBT - Actions to take2:05
DEBT FREE - Dave Ramsey's 7 Baby Steps9:49
Finding Good Borrowing Deals0:23
STRUGGLING - Where to find help1:43
Last words2:11

Introduction to credit rating1:17
What is a credit score?0:48
In this video I explain what is a credit score and what it's used for.
UK Top 4 credit rating agencies1:59
In this video I show you the top 4 credit rating agencies in the UK
Obtaining your free annual statutory credit report3:10
How to boost your credit score4:49
In this video I show you ways of boosting your credit score.
Benefits of a good credit score1:06
In this short video I explain the benefits you get from having a high credit score, there it is important to keep your score healthy.
Myths & truths of credit scores6:13
In this vide we will do a quiz together on some of the myth and truth on credit scores. I hope you will enjoy the quiz.
Section conclusion1:28

Introduction to section2:36
Overview of UK Tax System & Statistics4:30
Income Taxes - Introduction (CHANGES SEE RESOURCES & READ NOTE)5:22
Changes - Income tax rates for Scotland changed, attached are the latest rates
Income Taxes - Tax Allowances & Reliefs for individuals (CHANGES SEE RESOURCES)13:49
Changes
The rate of allowances for individuals have changed, attached are the latest rates.
Income Taxes - PAYE Tax Codes3:51
Income Taxes - PAYE Tax Forms, P60, P45 & P11D2:18
Income Taxes - Self Assessments & Paper returns8:33
Income Taxes - Online Tax Accounts creation & Online Self Assessments3:07
Income Taxes - Payment of Taxes to HMRC5:00
National Insurance (NI) Contributions - Individuals & companies (CHANGES BELOW)5:00
Changes - NI rates changed, see attached file
Income Taxes - Online Tax Calculators2:37
Capital Gains Tax (CGT) - Introduction4:04
Capital Gains Tax (CGT) - Allowances & Reliefs (CHANGES SEE RESOURCES)7:31
Change - the allowances and reliefs have changed since publication. Attached are the latest rates
Capital Gains Tax (CGT) - Calculation & Payment8:54
Stamp Duty Land Tax (SDLT) - ENGLAND & NORTHERN IRELAND (CHANGES SEE DESCRPT)6:21
Change - the additional dwelling rate for individuals with existing properties was increased from 3% to 5% effective from 30 October 2024.
Land & Building Transaction Tax (LBTT) - SCOTLAND3:34
Land Transaction Tax (LTT) - WALES2:36
Council Taxes7:28
Inheritance Taxes in brief0:54
Corporation Taxes, Annual Tax Returns & Registering Companies (CHANGES BELOW)18:25
Changes
The rates for filing company returns changed.
The corporate tax rate changed from 19% to 25%
Value Added Tax (VAT) Overview7:40
Insurance Premium Tax (IPT)2:51
Customs Duties2:42
Excise Duties & Examples1:44
Air Passenger Duty1:13
Section Conclusion1:19

Requirements

You will need a computer or phone with internet connection
No prior personal finance knowledge required
You can ask me any questions via chat or email at any time

Description

Welcome to the Comprehensive UK Personal Finance Training course. I believe this is the only comprehensive course covering personal finance in the UK. In this course you will learn everything you need to know about UK personal finance. I have avoided prescriptions that are normally seen on other materials since I understand every situation is different. In this course I will take you through the basics of personal finance and cover things in detail as they apply to the UK. This course is based on my wide UK financial services experience and my personal investing knowledge. I am sure once you have done the course you will be equipped to make your own financial decisions such as investing, pensions, retirement planning, estates planning, budgeting, managing borrowings and many more other things.

I have used real life examples as they apply to the UK. I avoided making this course broad so that if you are in the UK you will derive the most value. I have also added some key things such as childcare schemes, home purchase schemes, a comprehensive overview of the UK tax system, how to protect yourself from fraud. I hope you will derive a lot of value from taking on this course.

Course Structure

I will start by giving you an introduction to investing, and various types of investment products, before moving to pension products. In pensions, I will explain to you the various types of pensions such as workplace, private, government and public sector pension schemes. I will show you how to hold the investments and how to manage them. In the next sections I will talk about investment strategies, debt management & credit ratings. Will the give you an overview of the UK tax system and how to manage your taxes. Afterwards I will take you through the government schemes for home buying and childcare support. I have also included a section for Sharia Financing if it applies to you, or you would like to learn more about it. I have another section on protecting your wealth from fraud, then lastly I share with you some useful personal finance materials, books, magazines and podcasts.

LEARN - INVEST - BUILD WEALTH

Who this course is for:

Beginner who wants to learn this life changing skill of managing finances
Anyone with prior personal finance experience who want to widen their knowledge
Expatriates coming to the UK so that they can learn the UK financial system
Young people who wants to set themselves up for future financial success

Comprehensive UK Personal Finance Training

What you'll learn

Explore related topics

Course content

Introduction4 lectures • 11min

Chapter 1 - Investing and Investment products45 lectures • 5hr 10min

Chapter 2 - Pensions18 lectures • 1hr 9min

Chapter 3 - Investment Wrappers16 lectures • 1hr 16min

Chapter 4 - Investing in Gold8 lectures • 13min

Chapter 5 - Investment strategy and portfolio10 lectures • 49min

Chapter 6 - Borrowing and debt management42 lectures • 2hr 49min

Chapter 7 - Credit rating demystified8 lectures • 21min

Chapter 8 - Death and estate planning12 lectures • 47min

Chapter 9 - Overview of UK Tax System26 lectures • 2hr 14min

Requirements

Description

Who this course is for: