The UK tax system is notoriously complex, and it's not just our ‘cash income’ such as salary and bonuses that we pay income tax – we also pay it on any benefits in kind (BIK) or ‘non-cash benefits’ that we receive in employment.
You should be aware that they can be deceptively unkind in tax terms, despite their name, watch this episode to discover more.
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The UK tax system is notoriously complex, and it's not just our ‘cash income’ such as salary and bonuses that we pay income tax – we also pay it on any benefits in kind (BIK) or ‘non-cash benefits’ that we receive in employment.
You should be aware that they can be deceptively unkind in tax terms, despite their name, watch this episode to discover more.
Episode 093: The secret of money - clarity is power
The Money Planner with Warren Shute
19 minutes 44 seconds
4 years ago
Episode 093: The secret of money - clarity is power
If you know your numbers, money isn’t as complicated as you might think. Clarity gives you the enthusiasm to make better decisions and live the life you want to live. I often refer to ALIE as every financial planner's best friend; assets, liabilities, income and expenditure.
The last 18 months may have played havoc with your finances, but this period could also be giving you more of something you don’t typically have: time.
If you’ve been furloughed, or you’re saving hours in commuting, use the extra time productively to sort your finances out.
The hardest step is the first one – so where should you begin?
The Money Planner with Warren Shute
The UK tax system is notoriously complex, and it's not just our ‘cash income’ such as salary and bonuses that we pay income tax – we also pay it on any benefits in kind (BIK) or ‘non-cash benefits’ that we receive in employment.
You should be aware that they can be deceptively unkind in tax terms, despite their name, watch this episode to discover more.
