MMP146: Income Tax Planning

Income tax is a fact of life for most people, but income tax planning opportunities are available to everyone who needs them, if you know where to look. In this week’s show I cover the obvious and not-so-obvious income tax planning tips you need to know.

Session 146 Income Tax Planning

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National Insurance Explained

National Insurance is an income tax, just masquerading as something that sounds beneficial, like insurance. And in a sense it is, because by paying it you’re storing up potential benefits for the future. National Insurance explained in simple terms, coming right up…

National Insurance Explained

National Insurance Explained – Classes

(Before I forget, all these rates are for the 2016/17 tax year.)

National Insurance is a tax on income, is divided into four main classes depending on your earnings level and employment status:

The Personal Savings Allowance – MMV301

Personal taxation is changing from April 2016, and the biggest changes are happening to Income Tax. This video tells you what you need to know about the new Personal Savings Allowance. If you have any money stashed away in a bank or building society account, you’ll want to watch this..

The Personal Savings Allowance explained

From April 2016, the way you are taxed on the interest you receive on money held in the bank or building society is changing…

Managing investment risk – MMV300

No-one likes the word ‘risk,’ except those nutters who throw themselves off mountains in wingsuits. But if you are going to invest, you need to harness risk to gain the returns you want. In this video I cover three ways of managing investment risk.

Managing investment risk

When it comes to managing investment risk, there are three factors primarily at play: