hiring someone to do research for you isn't the best idea because they wont have any skin in the game so they dont care whether the product idea makes it or breaks it, and odds are it won't
Pension (Teachers) and AVC worked for me! Afforded me to retire early, tax free lump sum and a good monthly income. The alternative is slogging my guts till I am nearly 67! No thanks
Really informative video but i wanna add something. I think you were doing private label as you required huge advertising . Wholesale is more profitable in the short-term due to no spend on ads.
so im abit stuck with limited businesses at the moment in terms of what can be considered tax back. im aware limited businesses pay a 19% tax rate and if im buying business expenses i get about 20% of that back too? If thats the case will there be much saving, also can a car be bought straight up and be considered business expense or does it have to be leasing?
my biggest issue with pensions is that once you die so does the pension, so if you didn't take full advantage of you pension it goes straight back to the government. another issue with pensions and your logic is that yes you do save 25% on tax but if you've paied into a pension for 50+ year the tax rates are more than likely rising through the years so by the time you start using your pension you will be paying into higher tax which cancels out the measly 25% you "save" . correct me if im wrong
I dunno about that, if it’s a SIPP (private) I don’t see why it wouldn’t pass on. Maybe you’d lose the tax benefit but I can’t see it just all going to the government
Money in private pensions are passed on and usually without inheritance tax implications - however, you must tell the provider who you want to leave the money to. It is worth reading up about it. Trusts are another way of protecting from inheritance tax.
If you have a side hustle which makes a loss, you get a tax refund. If that correct? I want to cut down my tax which is approx 1k a month. I hate this legalised theft..aka tax
I just want to add for small business operating as a sole trader is better as you can get 12,570 PA while in case of Limited company you don’t get any secondly all the business related expenses can be claimed in case of self employed. Correct if am saying something wrong
I'm going to start an Amazon fba business and I have a large amount of money to start with (over 100k). I have seen lots of courses and I am wondering why would one go with you as opposed to someone else? Also will this template worke in Germany as well?
That's smart to have those links to make money on. It's only a matter of time before all US sellers disappear. Amazon is a horrible company. They have systematically destroyed our business over the past few years. We have been selling on Amazon over 11+ years but the past few years they have been AGGRESSIVELY pursuing Chinese manufacturers and just don't care that they cheat the system with fake reviews, don't list them as China product and are killing us with new fees every few months. Not to mention they check in all of our product at the first warehouse then lose it when transferring between warehouses and then finalize the check in saying we never sent it in. They are so big it just doesn't matter they'll let us small companies die as buyers basically send their money to China through Amazon and don't even realize it. Some of the stuff they do is literally criminal but there is nothing you can do. I challenge everyone to pick ANYTHING and look at where the seller is actually from and the majority of the time you'll see their office address is Chinese characters. It's an unfair playing field when small US businesses built Amazon and now they are allowing massive Chinese companies to take it over. It's a win, win because Chinese companies cut out us sellers that may have been making product with them, they can do fine on 5 - 10% profits and Amazon rakes in a ton of cash on all the fees and return fees and reselling the returns in bulk. Why are we so worried about TikTok when Amazon is basically a window to China's manufacturing.
I am looking to start an Etsy shop. To understand slightly better because I will be starting out new, could I start as a sole trader and then change/upgrade it afterwards to a limited company or would you suggest a limited company? I just want to test waters first and if goes well then change depending on volume/sales. Thank you. This is a good informative video
Major miss on the pension contributions. Pensions contributions consist of THREE parts, not TWO. Your contribution, employer contribution, and the tax relief from HMRC which adds 25% to your contribution. No, the tax relief is 20%, not 25%! . . No, it's 25% -~ Example: You contribute £240 per month, HMRC adds £60 per month - That is 25%.
Technically the taxman/woman/non binary person doesn’t add anything at all - it seems to be a common misbelief that your are ‘getting something’ from HMRC - pensions contributions are deducted before tax is applied and invested which means that the tax saving is relevant to your tax rate - so it could be 20%, 40% etc - therefore you are investing the ‘full amount’ of your money rather than the taxed amount if that makes sense.
Hey you only wanted my email, I signed up to get the Free FBA Tools and all the links take me to other youtube videos... what a waste of time, click bait
This guy is a scammer I bought his Nft… This guy is a scammer I bought his Nft for 1eth it was at around $2k The project prommised education and help with crypto trading as well as many other bonuses. After a while the whole CCC Discord group vanished along with website. The project was named Crypto Capital Colective
Pension is not a great idea, inflation and a crashing market will destroy it. Company structure is a great one when you locate the company in a tax efficient location but don't forget the dividend payment allowance and move assets abroad to the tax haven before cashing out. Isa /Savings is terrible, inflation will devalue it, better off keeping cash which is also tax free and the states prying eyes don't see it... interest is a moot point these days.
A pension, AVCs and an ISA have all worked for me, allowing me to retire early instead of killing myself to reach 67. Living a fairly good standard of living with everything I need.
@@soosayer9893 So you pay into 3 stocks based ponzi schemes in a collapsing economy and you think you are in a good place, poor you really bought into the ponzi scheme, more than most in fact...
