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Episode 005: Action Man vs. the Taxman - Become a tax efficient investment geek!
Manage episode 408339610 series 3553421
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In the ever-present battle for financial dominance, a new challenger emerges! Forget the stock market swings and the endless ticker tape scrolls. Today's fight is against a familiar foe – the Taxman. But fear not, fellow investment geeks! Here at the Finance Geeks Podcast, we're arming you with the knowledge and strategies to become tax-efficient investing heroes. We'll delve into the intricacies of allowances, pensions, and investment accounts, showing you how to maximize your returns while minimizing your tax burden.
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Chapters:
0:00 - Intro
8:22 - Hot off the press
12:31 - The focal point: Risk – how to become a tax efficient investment geek!
43:18 - Two Pennies Worth 48:52 - Quotes & Anecdotes
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Podcast Reference Links:
Spring Budget: Workers to pay less national insurance from April https://www.moneysavingexpert.com/news/2024/03/national-insurance-cut-spring-budget-2024/
Download the FULL Spring 2024 Budget
https://www.gov.uk/government/publications/spring-budget-2024
UK ISA consultation - GOV.UK (www.gov.uk)
https://www.gov.uk/government/consultations/uk-isa-consultation
Taxation in the United Kingdom
https://en.m.wikipedia.org/wiki/Taxation_in_the_United_Kingdom
21 Types of Tax we pay
https://www.oneaccounting.co.uk/21-types-tax-we-pay-spurious-link-beatles/
Tax-efficient ways to save or invest
https://www.moneyhelper.org.uk/en/savings/types-of-savings/isas-and-other-tax-efficient-ways-to-save-or-invest
HMRC tax receipts and National Insurance contributions for the UK (annual bulletin)
https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk/hmrc-tax-receipts-and-national-insurance-contributions-for-the-uk-new-annual-bulletin#:~:text=HMRC%20collected%20%C2%A3788.6%20billion,for%2056%25%20of%20annual%20receipts
What is EIS, VCT or SEIS?
https://www.mandg.com/wealth/adviser-services/tech-matters/investments-and-taxation/eis-vct-and-seis/eis-vct-seis
Same as Ever – Book by Morgan Housel
https://www.amazon.co.uk/Same-Ever-Timeless-Lessons-Opportunity/dp/1804090638
The tax poem — Adam Smith Institute
https://www.adamsmith.org/blog/miscellaneous/the-tax-poem
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