If you're earning over £100,000 a year, or are closing in on that level then this is the episode for you. For every £2 of income above £100,000 you lose £1 of your personal allowance, which means previously tax-free income is now subject to tax. This can result in a whopping tax rate of 60% south of the border, and 67.5% north of the border. Fortunately, there are ways you can plan to avoid this tax charge from occurring. Benjamin outlines the main strategies in this w...
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If you're earning over £100,000 a year, or are closing in on that level then this is the episode for you. For every £2 of income above £100,000 you lose £1 of your personal allowance, which means previously tax-free income is now subject to tax. This can result in a whopping tax rate of 60% south of the border, and 67.5% north of the border. Fortunately, there are ways you can plan to avoid this tax charge from occurring. Benjamin outlines the main strategies in this w...
105- The Story of Ronald Read, 'The Millionaire Janitor'
Headsup On Money
17 minutes
4 months ago
105- The Story of Ronald Read, 'The Millionaire Janitor'
You've likely never heard of him, but Ronald Read's story is a testament to the best principles for successful financial planning. In this episode Benjamin shares the story of how Ronald turned a modest income and asset position into a sizeable estate worth over $8M. The recipe for his success is nothing surprising, but did he live life to the max and sufficiently enjoy his wealth? Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he helps you to ...
Headsup On Money
If you're earning over £100,000 a year, or are closing in on that level then this is the episode for you. For every £2 of income above £100,000 you lose £1 of your personal allowance, which means previously tax-free income is now subject to tax. This can result in a whopping tax rate of 60% south of the border, and 67.5% north of the border. Fortunately, there are ways you can plan to avoid this tax charge from occurring. Benjamin outlines the main strategies in this w...
