The UK tax system stops you building wealth | Here’s how to beat it!
#ukeconomy #uktax #hmrc #jeremyhunt #rishisunak #hmrcsidehustle #stocksandsharesisa
The UK tax system is in dire need of reform. In this video, we’ll discuss the current flaws and suggest some policies that could help fix it. From addressing income inequality to changing corporate tax rates, let’s explore ways to improve the UK tax system for the benefit of all citizens.
Welcome to Modern Money Talk, where we discuss personal finance and personal development! These two topics are closely related, and that by improving your financial situation, you can also improve your overall well-being.
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Investing and retirement planning
Getting out of debt
Starting and growing a business
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Achieving financial independence
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00:00 Introduction
00:50 The system
01:32 How tax is calculated
03:29 Not all income is equal
04:25 Capital gains tax
05:27 How is it rigged?
08:18 How to legally pay less tax
09:02 ISA
11:04 Pensions
12:34 Annual pension allowance
13:13 Pension carryforward
14:05 Getting paid the right way
15:12 Claiming household bills
15:42 Marriage tax allowance
16:00 Speak to an advisor
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