Passionate about golf and Leicester City FC ⛳️⚽️. Golfing handicap is terrible but improving. Tweets are not advice & opinions are my own.
Leicester, UK
Joined November 2012
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Scott Gallacher retweeted
Facinating chart amongst an excellnet thread (do read it)
Makes the 'work hard and get on' mantra require so much more faith, for much less reward now
Scott Gallacher retweeted
Just 36 hours before Chester Bennington, the lead singer of Linkin Park, d!ed by suc!de on July 20, 2017, his wife recorded a video of him laughing and playing a jelly bean taste-testing game with their children. He was just 41.
After his de☆th, his wife shared the video to highlight how depression isn't always visible. Someone can appear happy, laugh and enjoy precious moments with their family while still struggling with things others cannot see.
Scott Gallacher retweeted
'It was never going to be enough!'
@TomSwarbrick1 thinks Burnham has made 'the same mistake' as Starmer and Sunak... running 'MoneySavingExpert governments'.
Scott Gallacher retweeted
A wee stat ahead of Wednesday's budget, on a policy that almost certainly won't change:
In 2021, roughly 1 in 10 full-time nurses paid 40% income tax. In 2026, it's closer to 1 in 3.
That's the power of the "fiscal drag" tax. The term "high earner" has been quietly redefined.
As @paullewismoney says, there is a difference between Restricted financial advisers and Independent Financial Advisers (IFAs). If looking for a financial adviser, I'd always recommend speaking to an IFA first.
Whatever these advisers are they are not IFAs (Independent Financial Advisers) if they place the funds with their owner! bit.ly/3VT8gYg They are restricted advisers and motivated by incentives. Avoid them! It is very misleading to abbreviate Financial Adviser as IFA
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Scott Gallacher retweeted
Ben Affleck lost both of his parents this year. Speaking about his mother’s final months, he shared a lesson he learned from the way she chose to live them:
“One of the things you grapple with at my age when parents die is there’s a comfort and awareness in knowing this is how it’s supposed to go. When I go, it will be hard for my children, but none of us want it any other way.
My mom said to me at the end of her life: ‘God, I thought 84 years would seem longer.’ And I thought, ‘I bet, because I thought 54 would seem longer.’
That’s what we get. We get this much time, and it’s a reminder not to put anything off or fix it later. It’s more about how you show up every day with everybody else. I’m lucky my mom didn’t pass away younger of something more painful.”
He also said his mother’s decision to choose how much treatment she wanted after her cancer diagnosis taught him a “great lesson” about being proactive with the time you have.
Mark Harper on Newsnight defends the State Pension Triple Lock whilst actually describing what is in effect a Double Lock.
Most pension experts support a form of double lock. It's the triple lock that's more questioned
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Scott Gallacher retweeted
It is an outrage that the family income threshold where Eng students start to lose maintenance loan has been frozen at £25,000 since 2008, so its now not much more than a single earners min wage!
If it'd risen with CPI inflation (never mind RPI or avg earnings) it'd be c£43,000
#VanDerValk getting increasingly daft. Jeep can’t catch a Volvo estate over rough ground. They then shoot out its tyre with a pistol from distance — despite a hostage being inside. Then VdV SHOOTS AN AXE out of a woman’s hand despite not hitting a BMW earlier in the episode. 😂
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One person in a relationship saves every penny.
The other believes money is there to be enjoyed.
Retirement doesn't magically change either of them.
If you're retiring together, your biggest financial challenge may have nothing to do with pensions.
100tomorrow.com/the-journal/…
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A small milestone today...
My book, 50 Today 100 Tomorrow has received its first Amazon review.
If you've been meaning to read it, the Kindle edition is now available at no extra cost with Kindle Unlimited.
amazon.co.uk/dp/B0H7FJ6X9F
🤖 Made with AI
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Scott Gallacher retweeted
I saw a post saying: “55% of 18-24s have already opted out of their workplace pension. Those with the most time to let money compound are walking away from free employer cash. Worst decision they’ll make?”
I didn’t repost, as the stat confuses me. Pension auto-enrolment only starts at age 22, if you earn £10,000+ a year. So for 18-21s, there isn’t usually an 'opt-out' situation.
BUT...the underlying point is important. If you’re under 22 and earn over £6,240 a year, you can choose to opt IN to your workplace pension - and your employer then must usually contribute to it too.
And in some cases, especially say if you're living at home with parents, so have lots of disposible income, its a fantastic thing to do. You get extra money from your employer and it has HUGE time to grow before you retire.
Scott Gallacher retweeted
Vote vote vote vote vote. I don’t care who for, but if there are elections in your area please vote. People died so we could all vote. Polls open 0700-2200 and in England take photo ID even out of date one as long as it looks like you or you’ll be turned away. But vote. Please.
Delighted that @RowleyTurton have been shortlisted for Adviser Firm of the Year – Midlands in tonight's @Profadviser Awards.
Unfortunately we can't attend this evening's event but we still keeping out fingers crossed.
🎉Celebrating excellence in financial advice🎉
And finally... Here they are!
📣The Adviser Firm of the Year shortlists for the 2026 Professional Adviser Awards…
⭐Who made the list? 👉 incm.pub/4oQjfeB
#PAAwards26
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Scott Gallacher retweeted
A Monday morning question for you:
Which single expense in your life delivers the least happiness per dollar and which delivers the most happiness per dollar?
Scott Gallacher retweeted
Doing your tax return? Are you a higher 40% (or top 45%) rate taxpayer who donates to charity via Gift Aid.
The charity claimed tax back at the basic 20% rate, you can usually claim the rest back (& maybe then donate it too!)
PS even if u don't do tax returns u can still claim
Scott Gallacher retweeted
Excellent piece by @DanNeidle on the 'British ISA'. No obvious benefit to investors or the UK, huge extra complexity in the ISA system. Depressing that energy is being spent pushing back on daft ideas like this rather than simplifying.
thetimes.com/business-money/…