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 97: how to get ahead with your money matters
The Money Planner with Warren Shute
15 minutes 29 seconds
3 years ago
Episode 97: how to get ahead with your money matters
We like to do things in life that we enjoy. We find these things easy to do, they take little effort, and we know we’re going to have a good time doing them.
Contrast this to our finances: most of us don’t review our money or what’s happening with it because we think it’s difficult, it can be worrying to look at our situation, or we don’t know how to change things. So to protect ourselves, we shut it out of our mind and avoid it instead.
Sound familiar? Find out how you can get on top of your money matters, step-by-step.
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.