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 100: How much do you need for your retirement?
The Money Planner with Warren Shute
16 minutes 51 seconds
3 years ago
Episode 100: How much do you need for your retirement?
How much is enough for you to retire? What’s your number?
None of us are getting any younger and time flies faster as we age, so it’s important to plan ahead for retirement, a period of our life that could last 40 years.
My wife gets frustrated with me when I spend more time planning our retirement than I do our summer holiday, but it’s a no - brainer... isn’t it?! We all have what I call a wealth window, a limited period of time to create the wealth to see us through our retirement.
As this window gets smaller, it’s harder to climb through. If you have 10 years to go before you plan to retire, you have 120 more paydays to secure your retirement. Is that enough?
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.
