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 102: Tax allowances for your year-end tax planning in 2022
The Money Planner with Warren Shute
41 minutes 49 seconds
3 years ago
Episode 102: Tax allowances for your year-end tax planning in 2022
With the cost of living increasing and our electricity bills looking more like Elton John’s florist bill, we thought it even more pertinent to tax plan this season and maximise our savings.
While tax planning is an important part of financial planning, it is not the only part. It is essential that any tax planning strategy that is being considered also makes commercial sense.
In this bumper episode of the money planner, I discuss the tax allowances you can discover in a number of areas, as listed below.
1:24 Working From Home Tax Breaks
4:41 Income Tax Thresholds
8:08 Income Tax Planning
12:07 Marriage Tax Allowance
13:14 Reducing Net Income
16:07 Dividend Allowance
16:48 Capital Gains Tax Planning
21:40 Inheritance Tax Planning
23:47 Gifting Money Allowance
29:17 Savings & Investment
30:41 ISA Tax Allowance
32:26 EIS & VCT Tax Allowance
35:06 Investment Bonds Allowance
36:52 Pension Tax Allowance
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.
