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i guess that’s why the rich hide their money thus hobbling the social services that they still avail themselves of

Tax planning is crucial for optimizing investment returns. If not planned well, taxes can eat into your gains and significantly affect your portfolio growth.

Does the dividend limited company rule apply to sole traders too.

Any chance of discussing if Asset Protection Trusts are safe and worth it please? Specifically for care costs.

Paying CGT for exchanging tokens is crazy wtf

Taxis by consent... Just stop paying the gangsters in suits

Another brilliant video. Keep up the good work

My understanding is that VCT and EIS are tax reduces and work differently to pension tax relief. You still lose your PA but then get a reduction in tax that you have been charged (30 percent relief, not 60 per cent tax relief). EIS, SEIS and VCT should be invested via advisers and for high net worth individuals who can afford to lose the principle. Pensions can also be used to avoid having to repay back child benefits back and again 60 per cent plus tax relief depending on how many children you are claiming for.

You give a false impression of tax rates to people thinking of moving to UK. Please also explain NI which is a tax, which is also based on gross. This would bring your 60% to 70% !! The 10% has been brought down to 8% for this tax year but it is a tax and should be included for employees.

If your a graduate this increases to 71% ridiculous..

Big problem though. By paying in to a pension scheme or these investment schemes. You might avoid paying tax upfront, but they will tax you before they pay you out anyways!!! Haha. So we can't avoid tax like this!! And it just cost you using your money now on better investment opportunities!!! Lool. Please can we educate people about this too next time?. And thanks for sharing about the 60% secret tax lool

thanks for sharing such helpful information. You mentioned that you can increase your pension contributions to reduce your net adjusted income, can it be any type of pension contributions? For example relief at source, salary sacrifice.

The only way to outpace inflation caused by money printing is to invest in assets, yet even here the government are increasingly persecutory of those taking large risks to just live a normal life.

It's designed so the rich get richer and the poor get poorer. Money goes to money. If you've got it you can afford to invest or buy property or whatever and earn a nice nest egg. There's always a way to not pay tax or not pay as much while the poorer people can barely put food on the table and having heating on when it's cold is a luxury most can't afford. Yet the government don't even buy their own lunch the everyday person struggling to make ends meet pay for their lunch and they moan about it. Half the seats are either empty or the old buggers sleep through it. But we pay them to work for us? Or go on holiday? Or live in big houses? Nice cars? Summer homes? Yet most of us can't even afford our house hold bills and put food on the table let alone heat our house in winter. It's a joke and a piss take.

Great vid - Bringing the net adjusted salary down below 100k would also allow childcare benefits to still apply or doesn't make a difference here?

400k.... But my car cost £100....eight years ago.... Still doing OK and it's worth £270 now.... Just an old mechanic that knows true price of cars. (1.6 diesel 60mpg)

When you quote tax brackets for the UK, you might want to qualify it as the thresholds in Scotland are different (and worse).

I have asked you and you have never answered can you show us where it says in law we have to pay tax please thank you

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

As an employee you are taxed before your expenses and as a business owner you are taxed agteryour expenses, you choose which category you want to be in

Love this! Thankyou. ☺️

the most intruding thing of this framework is that CEX (or possibly the operator of DEX) will need to keep track of your transactions and report to the tax authorities, unlike the CRS, which banks are required to report balance only. I think I'll think twice before using crypto in real world after the implementation even though I'm not doing any illegal things. Big brothers are watching....😥

I wish youd have a word about the ULEZ systems which encourage people to get into this debt trap. My Deisel Merc E Class does 60 miles to the gallon. I paid 10.000 for it ten years ago and its like new. These systems want me to scrap it.

Great vid. Subscribed. Well done liking/ sifting though all the bots too! 😊

Ever seen a 'Greenie' that didn't buy a flash, shiny new electric vehicle? It's about saving the planet man! Cough.

but an investor needs to reach critical mass in terms of net available income and even though many investors look like they have cash many are geared to a point that their cost of debt is greater than investment return.

Keep the poor, poor

I left a 6 figure salary due to the 60% notional tax plus the National Insurance on top... So it was over 70% a year ago. For what??? The country is a shithole nowadays

Hi there, thank you for this information. Do you have or recommend a model that i can use to workout how much of my salary i should put into my pension to maxmise my take home salary? Example if my salary is 110k yearly. Should i just put 11k into my pension?

1. There are now many more people earning in excess of £100k. 2. National Insurance rate is 8%…it’s a tax. So nearly 68% tax on the employed person. 3. If you’re a company director and you take dividends then tax can be nearly 70%.

But for some people investing their money means they have no money to enjoy their life, so no car means no transport which means they don't get around. So though you are right you could say the same for everything you do, ie that take away meal, those designer shoes, those leather gloves that hair do all money wasted or is it? Money is made to be spent you can't take it with you when you die. If you want a car then buy a car, what good is dying with 160 grand while you starve because you are saving money or investing, which I might point out the companies you invest with take the biggest slice of your pie you often just get the crumbs. At least you should enjoy the vehicle you spend your money on, ie you may meet the love of your life, or nice trips to the coast, or enjoy the space with your loved ones. Money is a means by which to obtain things we can't make ourselves, very few people can make cars, so they buy them. As for electric vehicles they are more reliable than other types of fuel, so you could keep them longer and spend less on maintenance therefore the longer you keep them the better the return on your investment in to it. Secondhand petrol and diesel is being outlawed so could at some point be a waste of money as you won't get the use out of it.

if you are not an insider of some sort, you don't really know where to invest your money. You certainly won't learn it on you tube. In fact your are a prey. Put some money in some shit and it's gone. I got burned once, thank you very much. Inflation will be keeping you on your toes. The only reliable investment are your health, your skills, your no nonsense hard assets you can deploy independently through your life.

Hello, Enjoyed watching your channel very much. Great work and big thank you! Have you done one on the pension tax once it reaches its limit and any effective way to manage it? Looking forward to your response. 👍

40% plus 20% vat if you are self employed is 60%, why I decided to be a vlogger instead of expanding my business.

I need to get in contact with you, I’m thinking of working offshore on wind farm projects just off UK shores and I’m thinking of becoming a LTD company in doing so, would love to get some professional advice off.

Thank you you for the insights.

F00k hrmc and taxes, 90% of people lose in crypto, and the risk involved is huge. They already taxed you on your earnings now they wanna tax you again on a high risk gamble. Crypto is gambling, get it right, does the uk tax on gambling? And what when you get rugged will they pay you out. Like I say short the government. Keep is stable people, cold wallet off grid. Move to Dubai draw down and pay 5%.

What a great video - thank you!!

😂 people are discouraged to Work

would you be open to discussing/breaking down "adjusted net income" for 15/30 hours childcare / tax free saving?

It’s idiotic and criminal to steal more of your money you get for working than you do. The idiotic part of it is if you are say 10k over 100k you will put that into a pension and get under the 100k. If you don’t you no only get taxed at 60% you also lose the £500 un taxed interest completely. So an extra 40% of that money gone as well.

I wish I learnt this at 16 years old

daylight robbery

You all yapping on CZcams. Nothing is gonna change. 🐑

Great video. It would be great to see how the marginal tax (including NI) rates move over the income level. Showing the 60% here, along with the drop in NI at higher income levels as well as the paying back of child benefit between £50-60k which is another marginal tax spike.

No wonder a lot of high earning brits leave the country when the government is stealing so much of their earnings, and this overview doesnt cover NI contributions either meaning that their taxes are even higher than stated in the video.

Agreed ! Very well explained!

What a beautiful woman I had to rewatch this a few times as her beauty is distracting.

It's much worse in Scotland because of the new tax rate above £75k. Our marginal tax rate between £100k and £125k is now 69%. Madness.

UK tax system brutally punishing highly skilled people and higher earners. No wonder UK is getting brain drain because of rigged unfair taxation