On The Money
Episodes
Tax traps to be aware of and how to beat them
30 Apr 2026
Contributed by Lukas
Frozen thresholds mean more people are being caught by an effective 60% tax rate. To discuss this topic, including providing practical pointers on how...
Tbc
23 Apr 2026
Contributed by Lukas
Kyle Caldwell is Funds and Investment Education Editor at interactive investor.On The Money is an interactive investor (ii) podcast. For more investme...
The outperforming funds flying under the radar
16 Apr 2026
Contributed by Lukas
Many top funds deliver their best returns in the early years, when the portfolio is small and the investment team is hungry for success. But spotting ...
How to get your finances in shape ahead of big rule changes
09 Apr 2026
Contributed by Lukas
The new tax year brings fresh annual allowances for ISAs and SIPPs. While it always makes sense to invest in a tax-efficient manner, the mantra of ‘...
Top tactics on how ISA millionaires invest
02 Apr 2026
Contributed by Lukas
With just days until this tax year ends and a new one begins, the focus for this week’s episode is on the increasing number of ISA millionaires and ...
When to sell a fund, investment trust or ETF
26 Mar 2026
Contributed by Lukas
In another ISA-focused episode ahead of tax year end, Kyle is once again joined by Dave Baxter, senior fund content specialist at ii, to discuss how t...
The most-popular ISA funds today vs five years ago
19 Mar 2026
Contributed by Lukas
With tax year end only a couple of weeks away, Kyle is joined by ii fund content specialist Dave Baxter to run through the funds, investment trusts an...
State pension changes: are you prepared?
12 Mar 2026
Contributed by Lukas
The focus for this week’s episode is pensions ahead of changes to the state pension age, which is rising from 66 to 67. In a worst-case scenario, th...
tbc
12 Mar 2026
Contributed by Lukas
Is the tide starting to turn for UK smaller companies?
05 Mar 2026
Contributed by Lukas
Before the outbreak of conflict in the Middle East, the performance gap between UK smaller companies and the country’s largest businesses had starte...
Shares, funds and investment trusts: how to generate £10,000 of income
26 Feb 2026
Contributed by Lukas
For investors looking to generate income from their investments, there are various ways to approach the task. For many years, interactive investor has...
How to invest in times of turmoil
19 Feb 2026
Contributed by Lukas
From ongoing conflicts to tariffs, global tensions and disputes only seem to be on the rise. And while this presents major humanitarian issues, it’s...
How to perform a deep dive on funds, investment trusts and ETFs
12 Feb 2026
Contributed by Lukas
When researching funds, investment trusts, and exchange-traded funds (ETFs), it’s important to look under the bonnet. But what does that entail? To ...
US exceptionalism: is era of strong returns over?
05 Feb 2026
Contributed by Lukas
The US stock market has delivered stellar returns over the past 15 years, which has led to the country becoming a larger part of the global stock mark...
Seven pension tips to get you retirement ready
29 Jan 2026
Contributed by Lukas
What are the main items to put on your to-do list in the latter stages of saving and investing for retirement? To tackle this topic Kyle is joined by ...
How to spot (and survive) a market bubble
22 Jan 2026
Contributed by Lukas
The artificial intelligence boom has produced great returns for investors but they increasingly worry that we have entered a bubble – with a painful...
How we invest and lessons learnt
15 Jan 2026
Contributed by Lukas
We’ve all been there and made some investing mistakes. The good news is that there are ways to limit any impact, such as by having a diversified por...
Key changes impacting your money in 2026 and beyond
08 Jan 2026
Contributed by Lukas
We kick off discussing the key personal finance and tax changes that will come into force in 2026. Among the topics discussed by Kyle and interactive ...
Reasons to be bearish and bullish in 2026
18 Dec 2025
Contributed by Lukas
In our last episode of 2025, Kyle is joined by interactive investor’s head of markets Richard Hunter to look ahead to key drivers for stock markets ...
The big trends shaking up investment trusts
11 Dec 2025
Contributed by Lukas
This week, Kyle is joined by ii’s Dave Baxter to discuss key developments and trends impacting investment trusts. The duo run through why US activis...
Where next for one of 2025’s best-performing investments?
04 Dec 2025
Contributed by Lukas
Commodities has been one of the hottest investment areas of 2025, with both gold and silver prices soaring. To explain why commodities are in a bull...
Autumn Budget 2025: the key takeaways for savers and investors
28 Nov 2025
Contributed by Lukas
Kyle is joined by Craig Rickman to cover the personal finance contents of the famous red briefcase. The duo discuss the cut to the cash ISA allowance,...
Fundsmith Equity and key trends among most-popular funds
20 Nov 2025
Contributed by Lukas
The latest episode of On The Money covers key trends in the latest edition of the ii Top 50 Fund Index (Q3 2025), which ranks the most-bought funds, i...
Long-term themes good for health and growing wealth
13 Nov 2025
Contributed by Lukas
In this episode, the focus is on healthcare, a sector with enduring appeal. Joining Kyle to explain the key long-term trends he’s tapping into is Ja...
US tariffs or AI: which is the biggest risk for S&P 500?
06 Nov 2025
Contributed by Lukas
In this episode, Kyle is joined by Julian Bishop, manager of Brunner Investment Trust, to discuss US tariffs, including whether stock markets have bec...
Budget 2025: how pensions and ISAs could change
30 Oct 2025
Contributed by Lukas
We’re now less than a month away from Chancellor Rachel Reeves delivering this year’s Budget. As ever, there have been plenty of rumours regrading...
Three rules for picking sensible stocks
23 Oct 2025
Contributed by Lukas
With various stock markets and assets, including gold, reaching or close to record highs, investors who’ve failed to get in on the rallies may be co...
How to decide whether to take profits or run a winner
16 Oct 2025
Contributed by Lukas
This week’s episode examines the dilemma of whether to run a winner or take some profits from an investment that’s performed well. Joining Kyle t...
Is 4.7% the new magic number for sustainable pension withdrawals?
09 Oct 2025
Contributed by Lukas
Our latest episode – our 150th – tackles the dilemma retirees face over how much money to take out of their pensions, while trying to ensure their...
Why these three sectors stand out from the crowd
02 Oct 2025
Contributed by Lukas
The focus for this episode is where investors can look for potentially undervalued opportunities. Kyle is joined by Michael Field, chief equity market...
How to spot shares with ‘multi-bagger’ potential
25 Sep 2025
Contributed by Lukas
Kyle is joined by fund manager Jean Roche to discuss how she attempts to find top-performing ‘multi-bagger’ stocks. While it’s rare for a compan...
Four pension pitfalls and how to tackle them
18 Sep 2025
Contributed by Lukas
In this episode, Kyle and colleague Craig Rickman focus on interactive investor’s market-leading Great British Retirement Survey. Kyle and Craig hom...
Stock markets at record highs – is this a concern?
11 Sep 2025
Contributed by Lukas
Following a number of listeners getting in touch over the summer, we’ve dedicated this episode to answering your questions. Kyle is joined by Craig ...
10 tactics when researching funds, investment trusts and ETFs
04 Sep 2025
Contributed by Lukas
Returning following a two-week break, Kyle is joined by colleague Sam Benstead for this episode. The duo run through what private investors should loo...
How to find defensive shares that can weather stock market storms
14 Aug 2025
Contributed by Lukas
The sharp stock market sell-off earlier this year served as a reminder that volatility is par for the course in investing. During such periods, defens...
Why investors overexposed to the US should think twice
07 Aug 2025
Contributed by Lukas
Most investors will have a sizeable weighting to the US stock market, particularly those who own global index funds or ETFs, which have weightings of ...
A dividend trend that investors tend to overlook
31 Jul 2025
Contributed by Lukas
Over the past decade, Asia-Pacific companies have become more dividend friendly. This episode examines that trend, with the region arguably an overloo...
Why these are investors’ favourite funds
24 Jul 2025
Contributed by Lukas
In this episode, Kyle is joined by interactive investor’s Sam Benstead to examine key trends among the 50 most-popular funds, investment trusts and ...
Key takeaways from reforms to get Britain investing
17 Jul 2025
Contributed by Lukas
Kyle is joined by Craig Rickman, personal finance editor at interactive investor, to cover the key personal finance announcements made by Chancellor R...
How this pro weighs up risks and rewards
10 Jul 2025
Contributed by Lukas
The Asia-Pacific region is an adventurous area that can potentially add spice to a portfolio. Joining Kyle to share his outlook on the region and talk...
Key trends and top-performing funds so far in 2025
03 Jul 2025
Contributed by Lukas
We’re halfway through the year and for investors it has been very eventful. This week’s episode takes a look back at key trends that have played o...
The income risk investors need to be aware of
26 Jun 2025
Contributed by Lukas
For income-seeking investors, the UK stock market has a rich dividend heritage. However, an important thing to bear in mind is the highly concentrated...
How to build and simplify an investment portfolio
19 Jun 2025
Contributed by Lukas
On the back of stock market volatility picking up in the first half of 2025, our latest episode talks tactics on how to go about building or improving...
Should fund managers reveal their ‘skin in the game’?
12 Jun 2025
Contributed by Lukas
This episode asks whether fund managers should divulge whether they invest in the fund or investment trust they oversee. To discuss the topic, Kyle is...
How diversified is the global stock market?
05 Jun 2025
Contributed by Lukas
In this episode, we look at whether global equity markets are sufficiently diversified. Are they too tech heavy and too reliant on the fortunes of the...
How to approach periods of stock market weakness
29 May 2025
Contributed by Lukas
In this episode, the focus is on the UK stock market. We examine the sharp sell-off that occurred in early April in response to US tariff uncertainty,...
Where next for tech shares following the tariff turmoil?
22 May 2025
Contributed by Lukas
Kyle is joined by Mike Seidenberg, who specialises in technology shares and manages Allianz Technology Trust. The episode focuses on how Mike has appr...
The key trends a decade on from pension freedoms
15 May 2025
Contributed by Lukas
Having recently passed the first 10 years of pension freedoms, Kyle is joined by friend of the pod Craig Rickman to discuss how pension savers have be...
Gold’s in a bull market - will it last?
08 May 2025
Contributed by Lukas
For this week’s episode, the focus is on gold, an asset that’s been performing very well over the past 18 months or so. Kyle is joined by Georges ...
Investment lessons learnt during stock market volatility
01 May 2025
Contributed by Lukas
Stock markets have experienced an uptick in volatility over the past couple of months amid uncertainty over US President Donald Trump’s tariff polic...
What are active ETFs and should you invest in them?
24 Apr 2025
Contributed by Lukas
In this week's On The Money podcast, interactive investor’s Sam Benstead discusses how active exchange-traded funds (ETFs) work with HANetf head of ...
Why ISA reform is on the cards
10 Apr 2025
Contributed by Lukas
With Kyle away, Sam Benstead is back in the chair to host the latest On The Money podcast, which is focused on speculation the government may make cha...
Is it still worth investing in American stocks?
03 Apr 2025
Contributed by Lukas
Sam Benstead is joined by Felix Wintle, manager of the Tyndall North American fund, to discuss the outlook for American shares.With American shares br...
How to invest like an ISA millionaire
27 Mar 2025
Contributed by Lukas
Kyle is joined by Myron Jobson, senior personal finance analyst at interactive investor, to discuss ISA millionaires.They cover the number of ISA mill...
Why this top-performing stock market has fallen out of form
20 Mar 2025
Contributed by Lukas
Today’s episode looks at the prospects for investing in India, which has been a top-performing stock market over the past decade, and performed part...
Three ways to generate £10,000 of income
13 Mar 2025
Contributed by Lukas
Kyle is joined by Lee Wild, head of equity strategy, to discuss three hypothetical portfolios intended to provide food for thought as part of income i...
ISA ideas: most-popular funds, trends and overlooked areas
06 Mar 2025
Contributed by Lukas
This week Kyle’s joined by friend of the pod Sam Benstead to explain why certain funds are consistently popular with investors. The duo also discuss...
Investment trust discounts: problem or opportunity for investors?
27 Feb 2025
Contributed by Lukas
Activist investor Saba Capital has put investment trust discounts in the spotlight. In its view, discounts can leave investors trapped. In this episod...
Do portfolios need to be built differently?
20 Feb 2025
Contributed by Lukas
This episode looks at the investment implications of inflation being more volatile and uncertain over the next decade. According to our guest, Tom Hib...
Q&A episode: tackling your pension and investment questions
13 Feb 2025
Contributed by Lukas
This week Kyle is joined by Craig Rickman, personal finance editor at interactive investor, to answer a range of listeners’ pension and investment q...
Three big factors that influence financial markets
06 Feb 2025
Contributed by Lukas
This week’s episode focuses on the big picture, explaining how the macroeconomic backdrop influences how financial markets perform. To discuss the i...
China: opportunities, risks, and Trump’s tariff threats
30 Jan 2025
Contributed by Lukas
In this episode the focus is on China, including what the threat of tariffs following Donald Trump’s return to the White House means for Chinese com...
Why one US activist is taking aim at the investment trust industry
23 Jan 2025
Contributed by Lukas
This episode takes a deep dive into news that US activist investor Saba Capital is attempting to oust the boards of seven investment trusts in which i...
How to get your personal finances in shape in 2025
16 Jan 2025
Contributed by Lukas
The start of a year is a good time to consider setting some financial goals. Kyle is joined by Craig Rickman, personal finance editor at interactive i...
Seven key things for investors to watch in 2025
09 Jan 2025
Contributed by Lukas
In our first episode of 2025, Kyle is joined by Richard Hunter, head of markets at interactive investor, to discuss key drivers for stock markets in t...
How 2024’s investment predictions fared
19 Dec 2024
Contributed by Lukas
In our last episode of 2024, Kyle is joined by Richard Hunter, head of markets at interactive investor, to reflect on investment predictions made at t...
How this fund attempts to capitalise on AI winners
12 Dec 2024
Contributed by Lukas
This episode takes a deep dive into the artificial intelligence (AI) theme. To discuss the topic, Kyle is joined by Chris Ford, manager of the Sanlam ...
What this region offers investors looking beyond Magnificent Seven
05 Dec 2024
Contributed by Lukas
Since the start of 2023, global stock market returns have been heavily influenced by a small number of US technology companies, the so-called Magnific...
Changes to inheritance tax on pensions explained
28 Nov 2024
Contributed by Lukas
This episode focuses on Chancellor Rachel Reeves’ decision, announced in the Autumn Budget, to scrap the inheritance tax (IHT) exemption on unspent ...
How can retail investors trust private equity valuations?
21 Nov 2024
Contributed by Lukas
Over the long term, some private equity investment trusts have delivered a strong performance, but in the short term it's been more challenging owing ...
What the US election result means for investors
14 Nov 2024
Contributed by Lukas
In this episode Kyle is joined by Richard Hunter, head of markets at interactive investor, to discuss what the US election result means for investors....
What this alternative asset class adds to a portfolio
07 Nov 2024
Contributed by Lukas
In this episode, we focus on infrastructure, an asset class that behaves differently to shares and bonds. Joining Kyle to explain what this investment...
Budget 2024: what it means for pensions and investments
31 Oct 2024
Contributed by Lukas
Kyle is joined by friend of the pod Craig Rickman, personal finance editor at interactive investor, to examine key announcements in the Labour Party’...
Are takeovers good or bad for shareholders?
24 Oct 2024
Contributed by Lukas
In this episode, on the back of a pick-up in takeover activity, we discuss the good, the bad and the ugly in stock market acquisitions. Joining Kyle t...
How and why Alliance Trust and Witan have joined forces
17 Oct 2024
Contributed by Lukas
Kyle finds out the reasons for the largest-ever investment trust merger involving Alliance Trust and Witan, which have combined to form Alliance Witan...
How rule change could hurt one area of the stock market
10 Oct 2024
Contributed by Lukas
Kyle is joined by friend of the pod Sam Benstead to discuss speculation that the inheritance tax (IHT) break that most AIM stocks qualify for could be...
Is this a smarter way to invest in stock markets?
03 Oct 2024
Contributed by Lukas
This week, Kyle talks to Rob Arnott, founder of Research Affiliates, about a new way of owning the market passively by backing underdog stocks that ha...
Why stock markets are caught in a tug of war
26 Sep 2024
Contributed by Lukas
In our latest episode, we offer an overview of the macroeconomic picture, highlighting reasons for investors to be cheerful and fearful. Joining Kyle ...
100th episode special: the Terry Smith interview
19 Sep 2024
Contributed by Lukas
To mark our 100th episode Kyle interviewed Terry Smith, manager of Fundsmith Equity. Among the topics discussed are whether it has become harder for a...
How the October Budget could impact your personal finances
12 Sep 2024
Contributed by Lukas
In the run-up to a Budget there’s always plenty of speculation about potential changes to the tax system. But ahead of the first Budget from a new g...
Will these new fund labels help investors?
05 Sep 2024
Contributed by Lukas
One of the challenges facing fund investors is the huge amount of choice. For those looking for a fund that invests in sustainable stocks, there is th...
Q&A episode: tackling what you asked about funds, shares and ETFs
29 Aug 2024
Contributed by Lukas
In our latest Q&A episode, Kyle tackles questions related to funds and ETFs, while Lee Wild, head of equity strategy at interactive investor, join...
The investment trust bargains this pro is backing
22 Aug 2024
Contributed by Lukas
For investors who like to hunt for a bargain, discounts are wide across the investment trust universe. But, with no shortage of options, how can inves...
The reasons behind the stock market sell-off
15 Aug 2024
Contributed by Lukas
When the stock market makes the front pages of the broadsheets, which happened last week, it can lead people to panic. But, as history shows, declines...
The case for keeping things simple by being a sloth investor
08 Aug 2024
Contributed by Lukas
In this episode, Kyle speaks to Roy Stevens, who has recently released a personal finance book ‘The Sloth Investor’. Kyle asks Roy to explain why ...
How interest rate cuts impact the bond market
01 Aug 2024
Contributed by Lukas
The focus for this episode is on how interest rate cuts affect the bond market. Typically, cuts cause bond prices to rise and bond yields to fall. Joi...
What the Olympics and investing have in common
25 Jul 2024
Contributed by Lukas
The 2024 Paris Olympics is taking place over the next few weeks. For investors, certain parallels can be drawn between the thousands of athletes going...
Is it time to buy this cheap major stock market?
18 Jul 2024
Contributed by Lukas
In this episode we focus on the investment prospects for China, a major stock market that’s had a tough couple of years. Making the case that now is...
Second quarter of 2024: key investment trends and why they matter
11 Jul 2024
Contributed by Lukas
Kyle welcomes Sam Benstead back to the podcast to run through trends and topics in the second quarter of 2024. The duo discuss the types of funds that...
Where to find value in UK market after recent rally
04 Jul 2024
Contributed by Lukas
On a five-year view, the UK market has notably lagged other markets, particularly the US, which has been boosted by its technology giants. However, th...
Drawdown dilemmas: how to pay yourself at retirement
27 Jun 2024
Contributed by Lukas
Kyle welcomes back to the pod interactive investor’s Personal Finance Editor Craig Rickman to discuss some of the dilemmas people face when investin...
Will Scottish Mortgage, Terry Smith and Nick Train return to form?
20 Jun 2024
Contributed by Lukas
Our latest episode focuses on Scottish Mortgage, Fundsmith Equity and Lindsell Train UK Equity, arguably the biggest household names for retail invest...
Why this investment trust sector’s a standout bargain
13 Jun 2024
Contributed by Lukas
Since the end of last October, parts of the UK stock market have enjoyed a bounce. However, there’s still plenty to play for, argues Ryan Lightfoot-...
What the general election means for your personal finances
06 Jun 2024
Contributed by Lukas
In this episode, Kyle is joined by interactive investor’s personal finance editor Craig Rickman to focus on key areas of concern ahead of the genera...
Why India's stock market is booming: opportunities and risks
30 May 2024
Contributed by Lukas
In this episode, the focus is on India, a stock market that’s performed strongly over the past few years. While India has plenty of attractions in t...
How to avoid two of the most common investing errors
23 May 2024
Contributed by Lukas
Kyle welcomes back Mick Dillon, manager of the Brown Advisory Global Leaders fund. Mick, who was last on the podcast around a year ago, focuses on two...
How money market funds work, and earning 5% income
16 May 2024
Contributed by Lukas
Since December 2021, the assets held by interactive investor customers in money market funds has increased more than 16-fold. To explain why this fund...
Is this stock market theme a big opportunity or a bubble?
09 May 2024
Contributed by Lukas
A new generation of weight-loss drugs have proved appetising to investors, with the two companies currently dominating the market enjoying strong shar...
Eight of your investment questions answered
02 May 2024
Contributed by Lukas
This episode focuses on answering investment questions submitted by you. To tackle various topics, which range from explaining fund rules to whether s...
The career risk of not owning the ‘Magnificent Seven’
25 Apr 2024
Contributed by Lukas
The Magnificent Seven tech stocks, including Nvidia, Microsoft and Amazon, have dominated the investment landscape since the start of 2023. Collective...