What are your family finance questions? #MoneyHangout

question mark

Do you have family finance questions you would like answering in a clear and accessible way?

Legal & General has done some research into the lack of financial understanding and education in Britain: The results are quite shocking really …. 53% of adults have received poor financial education or none whatsoever.

Nigel Wilson, Group CEO, Legal & General said

The introduction of personal financial education to the school curriculum is a good thing, but many adults need help now. The industry needs to provide products that are clear, simple, and understandable, but also new ways to engage with people over their finances, so that they switch on, rather than switch off

Apparently the top five least understood finance issues are …
1. Annuities (42%)
2. Access to personal pension plans (36%)
3. Auto-enrolment (31%)
4. Help-to-Buy (29%)
5. Investments (22%)

In response to their research, Legal & General are hosting a live Goggle Hangout this Thursday (Feb 26th) at 10am , where members of the public can ask their family finance questions to a panel of personal finance experts.

Nigel Wilson, CEO of Legal & General, will be moderating and he will be joined by experts Joanna Elson from National Debt Line, independent financial adviser Stephen Womack and personal finance journalist Esther Shaw. They’ll be answering your questions, sharing useful tips and information on everything from budgeting to how to pay off those half-term bills.

You can watch the hangout here or follow this link



(and a later date I will show you the hangout here in case you miss it live)

Do let me know what your family finance questions are in the comments section below and lets see if we can get them answered.

Alternately you can tweet your questions with the hashtag #MoneyHangout,






  1. Chris at Thinly Spread
    February 25, 2015 / 10:28 am

    I would like to know how to approach pension provision – we both own our own businesses and pensions have not been top of our list over the last few years as we have ridden the stormy recession – is it too late at nearly 50 to pay into a pension plan or are we better off investing in property or wotnot?
    Chris at Thinly Spread recently posted..How To Make Paper RosesMy Profile

  2. February 25, 2015 / 10:35 am

    We need to change our mortgage as our fixed term has come to an end, but I hear the application process is very different now and we have to prove affordability. What exactly does this mean?
    Liz Burton recently posted..Nutmeg at Morrisons Spring/Summer 2015 rangeMy Profile

  3. February 25, 2015 / 12:44 pm

    I am with Amanda and Chris, what should I be doing instead of investing in a pension!
    Penny recently posted..Sleep comesMy Profile

  4. February 25, 2015 / 8:04 pm

    I echo the pension questions above, but I have a slightly more specific one about state pensions, National Insurance contributions and Child Benefit and how they all inter-relate.

    So, to qualify for a state pension you have to have made a certain amount of NI contributions over the years. However, if you are in receipt of child benefit for a child under the age of 5 (or under a specific age) then as a woman you get NI “credits” which count towards your NI contribution when it comes to getting a state pension. The theory being that women are not pension penalised at home instead of working whilst their children are young.

    But, with the latest changes to Child Benefit and you now having to pay it back if your husband earns over a certain amount shat happens with the credits if you opt not to receive the CB? At the moment we receive it and pay it back via my husband’s tax return (which is a faff and not good for in year budget planning) because no one can tell me if I’ll lose my NI credits if we opt not to take it or not.

    Are we doing the best thing? And what about of mum is self-employed during a child’s first five years but gets a small earnings NI exception. Do you still get NI credits then?
    Penny Carr recently posted..My local oasis of calm #BetterPlacesMy Profile

  5. February 25, 2015 / 10:56 pm

    I have a savings question, and it’s about what to do to help build up some savings for your child’s future. We have an account for my 5 year old, so things like birthday and Christmas money go in there, and we also try and pop in a bit extra now and then, but as it’s a children’s account the interest rate on it is pathetic and it’s not really increasing in value at all. What alternatives are there to keep that little amount safe, but also to try and grow it a bit so that when he hits 18 there’s a good cushion there.
    Ruth recently posted..The BabysitterMy Profile

  6. February 26, 2015 / 4:03 pm

    Wow the commenters above have asked my questions. I want to know how to protect myself as a WAHM for a future when i am no longer working, it’s a minefield out there.
    Mari recently posted..North Wales: Llandudno and Conwy #familyholidayMy Profile

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge

This site uses Akismet to reduce spam. Learn how your comment data is processed.