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ACCOUNTANT EXPLAINS: How to Pay Less Tax 

Nischa
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This is part 1 of a series which I may or may not continue with depending on what your thoughts are! Everything I say is legal with many people already utilising this. I hope you enjoy it Xx
⌚️Timestamps:
00:00 - Introduction
00:25 - Disclaimer
00:45 - How is Income Tax Calculated
02:30 - Pension Contribution
04:20 - Company Structure
06:06 - Non-Taxable Income Stream
08:05 - Final thoughts
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DISCLAIMERS & DISCLOSURES
This content is for education and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Nischa is a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!

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20 май 2024

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Комментарии : 1,1 тыс.   
@nischa
@nischa Год назад
➡ Get a free share worth up to £100 by using NISCHA at checkout or visit: nischa.me/trading212 👉🏽 My Intentional Spending Tracker (free) - nischa.me/intentionalspendingtracker
@jagsfanrick
@jagsfanrick Год назад
Darn, country not supported(USA). What do you think of Stash?
@guye94
@guye94 Год назад
Show us your stocksportfolio Nischa in an upcoming vid. Already a long time Trading212 user.
@mozaman9005
@mozaman9005 Год назад
Would be good to get a video to help increase confidence in investing...what approaches etc...
@madhurisapfico
@madhurisapfico Год назад
Thank you Nischa for a very helpful video. Can you please also make a video about how you set up a Company to add RU-vid earnings? Which category your company has been registered?
@SpeedWorldFTW
@SpeedWorldFTW Год назад
Thanks nischa
@kooliecurlz93
@kooliecurlz93 Год назад
I think apart of what has been making your channel grow so rapidly lately is not only because of your wonderful content but also I’ve noticed that RU-vid is lacking of European/ UK financial creators that know what they are talking about and make their content engaging at the same time. I am grateful because usually when searching on here it’s a lot of US based content which isn’t very helpful a lot of the time (personally)
@mozaman9005
@mozaman9005 Год назад
Spot on couldn't have said it better!!
@piman6211
@piman6211 Год назад
Correct, we need more switched on UK voices.
@yvonnedollface
@yvonnedollface Год назад
agreee!!!!
@itspatriciajuane
@itspatriciajuane Год назад
Spot on!!!
@mrexpress8002
@mrexpress8002 Год назад
@@itspatriciajuane yes 100%
@roselinededua
@roselinededua Год назад
Please make a dedicated video for self-employed tax payment! Thank you 💕
@iamnickthegeek
@iamnickthegeek Год назад
Excellent video. Just a small point to clarify for anyone in the UK, you don't need to be a legal "Company" (e.g. Limited) to deduct business expenses before paying tax, you can absolutely do this as a "Sole Trader."
@renatatrencanska3942
@renatatrencanska3942 Год назад
Thank you Nick for clarifying, I was just wondering exactly that.
@unboxing4319
@unboxing4319 Месяц назад
Sole traders are liable for 40 and 45% tax rate. Employees of ltd aka director can set up 1257L and dividends, bringing down rates to anything from 8 to 39.35%
@susieherbert-light7133
@susieherbert-light7133 25 дней назад
@@unboxing4319do you have to pay 25% corporation tax before paying dividends?
@rlc2978
@rlc2978 9 дней назад
But it FAR more limited
@unboxing4319
@unboxing4319 9 дней назад
@@rlc2978 pun intended?
@lupitahaussmann
@lupitahaussmann Год назад
You speak so eloquently and have quickly become a finance role model. I'm looking forward to learning more! THANKS!
@ironore8853
@ironore8853 Год назад
You’re Subs growth is super impressive. I think what people like is your honesty, transparency and helpful content. Too many on YT are trying too hard.
@rambo8084
@rambo8084 Год назад
Putting aside the whole content aspect of this video, your delivery of content is absolutely to perfection. Clear, straightforward and precise. The professionalism, politeness and with clear vocals, without any emotional bias towards your content is incredible. I believe these factors is what keeps viewers engaged in your videos through till the end. Keep up this method and your channel will grow rapidly for sure.
@mikegregory8353
@mikegregory8353 Год назад
I’m hooked. Advice as to what you do when your ‘side hustle’ Ltd company business account starts accumulating money and it’s just sat there and growing when you’ve taken your tax free dividend. .
@TTO2023
@TTO2023 Год назад
Totally agree very easy to follow but need more advice on how to save tax and investments like stocks I find are just abousivei invested in couple of companies and they sold there shares and I lost money in all of them and I was forced to sell
@nischa
@nischa Год назад
This is so kind, thank you!
@ceeh5610
@ceeh5610 4 месяца назад
Totally Agree, there should be a Television or Film contract for someone as talented as yourself.
@rusaliagumerova33chingizhan
@rusaliagumerova33chingizhan 10 месяцев назад
You are truly professional and very kind, intelligent, honest and I enjoy all your videos. The knowledge that you share with public is very concise, we need more videos from British Professionals, educating us lot on many aspects. Taxation code and method must be applied in a way that should benefit the working class, so thank you Nisha for sharing this information with us. Wish you all the best in your career and personal life.
@jacquelineblackmore-allen1576
I love your channel Nischa! So succint, relevant, and easy to understand. I've only been watching for a couple of weeks but I am really inspired! Forgive me if you have already covered these, but I would love to see videos on the following: - What to prioritise with respect to savings, investments, etc, when starting at an older age (e.g., 40+), would the priority list be different to when someone is, say, 25-30? Is there anything that should be avoided or prioritised? - Investing pre-IPO (e.g., crowdfunding for start-ups) vs buying shares in public entities. Thanks in advance and keep up the good work!
@sitapatel573
@sitapatel573 Год назад
Great informative video! Would love a Video on UK pension relief - and a breakdown of how the 20% / 40% / 45% income tax brackets impact tax relief please
@elviraeiduka2955
@elviraeiduka2955 Год назад
The quality of your content is amazing, thank you for this useful information! ❤ Could you dive deeper into taxes for small business owners: what can generally be written off as expenses, what to look out for in a tax advisor, when to start looking for an accountant (at what stage of the business) and maybe the average charge rate of tax advisors and long term accountants. Keep up the good work, Nischa ✨
@jf1341
@jf1341 Год назад
Probably the best 8 min 41 secs I've spent on RU-vid. Thank you! 🙏
@kevingomez9835
@kevingomez9835 Год назад
Yo! Came across this video on my lunch break. What a blessing! Thanks for the knowledge, much appreciated! 🙌
@jshott726
@jshott726 Год назад
Thank you for such informative, clear and accessible content Nisha! Id love to hear more about tax efficient ways of buying energy efficient cars. Thank you
@potatochipping4761
@potatochipping4761 Год назад
Thank you for sharing your knowledge- it's invaluable! As a single mum, I've always been afraid to invest but didn't know where to start mainly because of the financial jargon. Thank you for making the information not sound like a complete mystery- it's so freeing to finally know there are ways to keep more of my hard earned money!
@willreidy5851
@willreidy5851 Год назад
Great video Nischa - no messing around, straight to the point & you come across well. Thanks
@Monday_media
@Monday_media Год назад
Nischa, you've done it again. This is dope. You lil life saver. Make this a series 👌🏾🙌🏾
@mooremoneymakin
@mooremoneymakin Год назад
Great overview of the basics, looking forward to part 2!
@lisannewinter6122
@lisannewinter6122 Год назад
Hi Nischa! Thank you for this video, it has been very helpful. I would love to see a video on 1) how to set up your company structure to save on tax & what is the best way to pay yourself through that structure 2) how to find a financial advisor, what to look out for and what the typical costs are. Again, love your video's. 😇
@tzc9309
@tzc9309 Год назад
@@The_MoneyGuru pretty sure there are more tax benefits to setting up a limited company if done correctly though so do your research before making a decision - the money guru you sound like you work for hmrc rather than giving out good advice 😂
@tzc9309
@tzc9309 Год назад
@@The_MoneyGuru Im sure you know 😂
@Adam-de8yi
@Adam-de8yi Год назад
Amazing video for beginners out there! Best finance-related content on RU-vid, all the youngins are watching you and are inspired😊
@JasonR184
@JasonR184 Год назад
I wanted to watch the full video before commenting and I am seriously blown away. I recently paid for a course to learn this and this single video is so much better than that entire course! Nischa, very well done and thank you so much.
@nischa
@nischa Год назад
so so glad to read this, thank you
@knowledgeseeker5499
@knowledgeseeker5499 Год назад
Totally agree and she is giving good advice to helping others. We should all have learned this lesson from schools
@brettm6016
@brettm6016 Год назад
you paid for a course to learn basic tax information you can find on google? huh?
@Jackrobert28
@Jackrobert28 Год назад
@@nischa Is an umbrella corporation a good thing to use as a consultant ? I am doing a CFA 1 test trying to get into Finance in the UK, would it help me get my foot into the back office ? Thanks.
@mattheww6167
@mattheww6167 8 месяцев назад
Excellent video so much information explained clearly, many thanks. In the future I'm going to be selling a property that I currently let out which did cover the mortgage sadly it doesn't and I had to extend the term which wasn't ideal. Any videos on capital gains tax would be greatly appreciated. Many thanks
@patc2515
@patc2515 Год назад
Really excellent content. I look forward to seeing more of your videos about the various things you mentioned at the end. All of it, lol.. Really well done, nicely spoken, thoroughly presented, super informative. Thank you for sharing this information! You've definitely earned my subscription! I'm sure this channel will hit the million subs club very quickly!
@margueritestrydom5807
@margueritestrydom5807 Год назад
This is amazing. I love your practical advice and the fact that you are showing people in Europe/ the UK what they can do. Please cover more Tax content and I would LOVE to see videos on offshore accounts and how to set up a company online as you mentioned in the video. Thank you for all your videos!
@SPxDaxBoSS
@SPxDaxBoSS Год назад
I originally started watching your videos cause i was interested in the content of your work, but honestly, more so in the attractiveness of your accent and the more obvious physical attraction... great smile!!! Anyway, I've seen about 5 videos now, back to back, and aside from the accent that makes me want to hear you talk all day and watch you smile in between every sentence i got to say you make absolute sense and are so helpful with the information you share i have learned a multitude of things on just the 5 videos ive watched thus far. Honestly ive shared 3 of the five videos and im binge watching every video i can from your channel. Cheers!
@MohammadNohman
@MohammadNohman Год назад
More of this please. Much needed information especially in this day and age. Thank you
@filmwork1
@filmwork1 Год назад
This explanation is way more easier to understand than the ones i've had with my accountant for 14 years. (Love the new graphics btw).
@fadifadi174
@fadifadi174 Год назад
Good video! Looking forward to part 2. Also your views on thr property market given the higher rates will be really appreciated
@shanksy9219
@shanksy9219 Год назад
First time watcher and have to say really great and informative video. Currently stuck on a few tax/investment issues and this gave some food for thought!
@marlenec1600
@marlenec1600 Год назад
Thanks Nischa. The first video of yours that I’ve watched was about the 9 habits keeping me poor and one advise you gave was to save 10% of my monthly salary as soon as I get my pay check. It made great sense. That way I have money saved right away before all expenses are deducted. I’ve started doing that. Thanks.
@juniorolajide213
@juniorolajide213 Год назад
Videos about offshore accounts and energy efficient cars will be great!! Loving the content so far, especially the fact that you're UK based.
@Anabella122
@Anabella122 Год назад
Hi Nischa, I have recently come across your channel and I just want to say what great job you are doing. I love your style and your way of explaining financial concepts which is so easy to understand. And it's great that you are also in the U.K, as I am, as your information feels much more relevant. So glad I found your channel and thank you for the invaluable financial education :)
@nischa
@nischa Год назад
Thank you so much Anabella
@chrislamb2690
@chrislamb2690 Год назад
Your way of explaining finance is easy to follow . Stumbled across your work other day , took ten percent of my wage and also wife’s with the theory - pay yourself 10% into savings . Have always thought about starting a website - food related but think I will set it up as a company , incase of sponsors . Thanks so much
@marcisca4296
@marcisca4296 Год назад
Just came across your channel and had to subscribe. Great content and presented in a very user friendly, easy to understand way. Thanks Nischa for the time, effort and sharing your knowledge.
@Maya-ln1os
@Maya-ln1os Год назад
Yes...please make a video about how everyday working people can set up off shore accounts.
@SaintOrCinema
@SaintOrCinema Год назад
More of your amazing wisdom in tax please! 🤩 especially legal and ethical offshore accounts X
@upsetter0596
@upsetter0596 Год назад
great video. short, impactful, and straight to the point. Keep up the good work
@kathleenjames3546
@kathleenjames3546 Год назад
Thank you for sharing your thoughtful content…for putting it out there with the passion that many of us need and strive for. I'm starting to listen to you almost every morning. Your voice and words are calming, clarifying, uplifting and motivating. It feels real and genuine. I am grateful to have your channel as a source for having a better relationship with myself and the world around me
@Dumbled0resArmy
@Dumbled0resArmy Год назад
Hi Nischa, Can you make a video around setting up a company and the benefits and drawbacks of each company structure (LTD, LLP, ect)
@sb-fc6uj
@sb-fc6uj Год назад
Yes I agree, I am currently self employed and I seem to remember another option was LTD company but as I don't earn very much as its part time work I chose self employed. Is that what you meant when you referred to 'individual' and 'company' in this video? I am in the UK
@alexandraparri
@alexandraparri Год назад
Thanks for a great video, Nischa! Can you please make a video about the tax benefits of setting up a trust and what kind of income/assets you can add in the trust? Also more content around properties would be a plus! Thank you :)
@intrinsicwellness
@intrinsicwellness Год назад
Thank you for your clear explanations, tips and knowledge. You make things so much clearer for me to understand.
@vanessakellow2957
@vanessakellow2957 Год назад
Nischa, a huge thank you for such informative content. Stuck in a Section 24 nightmare. Good to hear some options. Thank you again for taking the time. Vanessa ❤❤
@ms_tangarello
@ms_tangarello Год назад
Hi Nischa, recent subscriber and am starting a habit of watching your videos once per week. Your videos are always top notch and feels amazing to keep learning more ways to financial freedom :)
@Sandy83
@Sandy83 Год назад
I know nothing about finance but happy to learn that I am already doing a few good things like salary sacrifice (although i just got laid off last week) & filling my ISA/LISA. This is really great content, super happy to have found your channel!
@ninth_of_november
@ninth_of_november Год назад
Watching your amazing videos has become a weekend habit for me! I’d love to learn more about what I can use my pension towards.
@allborosnyc4544
@allborosnyc4544 Год назад
Nischa, great explanation on taxes. Here's my issue- I live in NY, USA and my wife and I contribute to a tax deductible 401K retirement account. We deduct property/school tax (max 10K allowed), deduct mortgage interest and deduct charity contributions. The Standard deduction is 25K for married couples filing jointly. So, we lower the taxable income by 35K (retirement contributions) & the federal tax bracket stays the same and the 35K pension contribution hardly made a beneficial difference. Plus, the standard deduction is 25K so we can't deduct the property taxes or mortgage interest. Charity contributions and my 2 children barely make a credit or deduction difference. Taxes are insane!
@KevinTalbotTV
@KevinTalbotTV Год назад
great overview. Taxes in this country are getting bad, thinking of moving to the isle of man, could you do a video on that? How to set up the new company, how long you have to stay there to get the tax benefit etc.
@FaizanShaikh-pp1kg
@FaizanShaikh-pp1kg Год назад
Which country?
@benz.
@benz. Год назад
@@FaizanShaikh-pp1kg I'd confidently assume he is referring to the UK 🇬🇧
@pokethebear242
@pokethebear242 Год назад
isle man dead, but yh moving if healthy good
@Rapha187
@Rapha187 Год назад
Why do Americans always think they can just move to another country? You can’t! You need a visa (thru spouse or high end investments). Emigration is a long and hard process.
@benz.
@benz. Год назад
@@Rapha187 Well... he's not American. The Isle of Man and the UK have good reciprocal agreements regarding living, visiting and working in the respective jurisdictions. It's much easier than moving from the UK to elsewhere, so I don't see the issue.
@keithlacey
@keithlacey Год назад
Off shore account video please :)
@pc3250
@pc3250 5 месяцев назад
Great videos and nice to see advice coming from the UK. You make the dry content really easy to follow and interesting. I hope it continues and good luck with your career.
@Frontline35
@Frontline35 Год назад
I have been binge watching your videos for about an hour now. I’m going to try some of these and see how it goes.
@babdudesigner5862
@babdudesigner5862 Год назад
I am an Accountant myself and still I learn few things new from this video. Good video.
@Lady_Cassandra
@Lady_Cassandra Год назад
This was so informative, thank you! I'd love to learn more strategies and information about offshore accounts. You make accounting so much fun, much love!
@aymenelmardi7788
@aymenelmardi7788 Год назад
Thank you for taking the time to make this video . Really Helpful crazy world " Because you have a passion for finance & accouting, we get free advice"
@faceonnailsdonehairdid
@faceonnailsdonehairdid Год назад
Thanks for this, it's so good to see a video on taxes taking into account the UK tax system, so many on YT are targeted at the US.
@alphadanger2223
@alphadanger2223 Год назад
6:30 I think you should clarify that for S&S ISA accounts you can pull out your money at anytime and any profits are tax free also, not just when you retire incase people are confused versus a pension
@nischa
@nischa Год назад
^correct, thanks for adding it here
@Ac3eeey
@Ac3eeey Год назад
You’re the hero we all need in this world. ❤️ Please talk about property tax and offshore accounts when you get the chance. 👏🏾
@irisdanagher
@irisdanagher Год назад
Think she needs to get Nadhim Zahawi as a guest speaker for that video. 🤔
@the.homestead.dietitian
@the.homestead.dietitian Год назад
I agree! Would love to learn about offshore accounts
@mpink8907
@mpink8907 8 месяцев назад
I’d love to learn about offshore accounts too!
@HazelAshleenFitness
@HazelAshleenFitness Год назад
I’m so pleased RU-vid put you in my algorithm. I look forward after this to watching your other videos. I have a property I rent out, am part time employed and self employed with my own business, so am really keen to look at taxes whilst I grow. Thanks so much 🙂
@justanothergirl5
@justanothergirl5 Год назад
Hey Nischa.. please do dive into the other ways you briefly mentioned at the end of the video that can help save money on taxes. Can’t wait. Congratulations on the 200k plus subs. You’re the first finance channel that I’m legit following and watching. ✌🏼
@laurenherbert7652
@laurenherbert7652 Год назад
Nischa I’ve been so inspired and motivated by your content. I discovered your channel in the last month and there’s already been a marked improvement with my finances/attitude towards my spending/earning already. You’re a fantastic teacher. Keep up the great work! Xx
@vickipedia3253
@vickipedia3253 Год назад
I agree
@parismozzy5388
@parismozzy5388 Год назад
Yes totally agree 😃Nischa is fantastic! So happy we’ve found her x
@nischa
@nischa Год назад
So happy to read this, thank you Lauren! Xx
@electricbelletrist6810
@electricbelletrist6810 Год назад
Would definitely love to see a video on savings for energy efficient cars please. Such a comprehensive & approachable introduction to tax- thank you!
@isiivanova
@isiivanova Год назад
Hi Nischa, this is super useful! Please continue to share more information on the topic of taxes! Thank you 💜💜💜
@chrissyr6388
@chrissyr6388 Год назад
Nischa! That was so helpful! In California our taxes are so dang high, I’m looking to find avenues to keep more money in my pocket🤭 Would you be able to break down what you can wright off for small businesses? Even perhaps you tube side business?
@ThaiLemongrass2020
@ThaiLemongrass2020 Год назад
You are so very good at this. I am a Thai who is loving and living in the UK. I have just understood the UK tax ladder from your video. You have a new fan now. I hope I watch more of your useful videos xx
@anthonyiloenyosi5713
@anthonyiloenyosi5713 Год назад
I subbed 7 minutes into the video. Great content, Nischa! I'm looking forward to all the content you mentioned in this episode's 'Final Thoughts' chapter.
@FilmBooth
@FilmBooth Год назад
Your channel is flying :) everyone keeps telling me about you, amazing work Nischa
@Alexedmartin.
@Alexedmartin. 7 месяцев назад
Reducing your tax liability is a smart financial move. It's all about strategic investments and leveraging tax-saving opportunities. I've seen significant benefits by diversifying my portfolio and taking advantage of tax-efficient investment vehicles. It's not about avoiding taxes, but rather optimizing them to maximize your wealth. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made
@Alexedmartin.
@Alexedmartin. 7 месяцев назад
I invest across the top markets but not by myself though. i follow the guidelines of Regina Louise Collaro . you might have heard of her.. I can correctly say she's worth her salt as an investment adviser as her diversification skills are top notch, I say this because i see that in her results as my portfolio grows by averages of 5 to 1O% on a monthly basis, unlike i can say for my other inve stm ents which has just been trudging along. my portfolio just mirrors what she place and not just on some particular industries of my choosing. I was able to retire early and gain financial freedom through her help.
@Alexedmartin.
@Alexedmartin. 7 месяцев назад
Regina Louise Collaro is based in the United States and can work with anybody wherever they stay. If you would like more information on reaching her, you can conduct a search online.
@ugojazzy7812
@ugojazzy7812 7 месяцев назад
personally, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does.
@emeldcentor1474
@emeldcentor1474 7 месяцев назад
​@@ugojazzy7812I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me.
@davegenders2490
@davegenders2490 Год назад
A video on setting up an offshore (tax free) account would be very useful and very interesting, Nischa.
@mnnaqs
@mnnaqs Год назад
Thanks Nischa your the best really appreciated... thank you for listening
@ohoop
@ohoop Год назад
This was amazing and 100% convinced me to get a financial advisor, so glad you made this video many many thanks!
@ihaziqhabib
@ihaziqhabib Год назад
Amazing video Nischa, would love to know about your career journey 😊
@Jaymy580
@Jaymy580 Год назад
Having worked for a UK pension provider it is scary how many people don't know some of the basic things to do to better themselves. I am no expert and would love to know more. The offshore accounts, property tax and energy efficient car savings would be great to know more about.
@DragonRollYumYum
@DragonRollYumYum Год назад
Excellent video! A couple of things: (1) in the US, in addition to 401K plans, there are also Health Savings Accounts (HSAs) - also great for squirreling away for future for funding healthcare expenses - and who does not have them with aging? :), (2) We are probably really underutilizing our ROTH IRA accounts .... will look into this more (Peter Thiel is a master of doing this, literally putting in billions!), and (3) yeah, I should incorporate my side hustle at some point ....
@EmisFearGuitar
@EmisFearGuitar Год назад
Dang i spent my Saturday night doing my hmrc tax return yesterday, no jokes! :P but i'm glad your video is sort of a confirmation for my that i'm on the right path. For the moment i haven't setup a company yet, as i have a mix of employee and self-employed situation at the moment, and 20-21 was fine that way for me. But definitely i am keeping an eye now as i opened a Vanguard account and started a bit of trading on Revolut last year so 21-22 and definitely 22-23 could be a changer. So yeah, well done Nischa, you got yourself a new subscriber here ;)
@solmontano6689
@solmontano6689 Год назад
Would love to hear about setting up offshore accounts/ companies in tax havens. And ways they can be used to minimise earned income in the UK and Canada. Cheers! 🙂🙂
@kima6474
@kima6474 Год назад
No frickin way! Nischa, are you really at 225k subs already? HUGE Congrats 🥳 ; it’s well deserved. Okay, lemme dive into this video now. Thank you for all the great info you share. I always learn something from your videos, it’s not always the same regurgitated stuff everyone talks about. Even if it’s not something new, you always manage to put your own spin to it. I appreciate you❤️
@nischa
@nischa Год назад
I appreciate you and comments like this!!
@ummishaaq3273
@ummishaaq3273 Год назад
Yes please, a vid on the offshore options would be great! I would love to understand the processes
@roselinededua
@roselinededua Год назад
Thank you so much for this video! Extremely important and useful. Weldone 👏
@shadowr6348
@shadowr6348 Год назад
Just found your channel. As a Uk expat in the US, I realized when I came out here how financially illiterate we are in the Uk, we tend to give up our autonomy and expect our companies, HMRC and the Govt to make decisions for us, whereas here in the us, you are on your own. It is nice to hear a Brit RU-vidr offering education, so thank you.
@nida1990
@nida1990 Год назад
Nischa, can you please make a video showing how to set up a company in the UK? I am clueless as to where to start - I want to start my own tutoring/consultancy business as a side hustle apart from being a teacher. You are honestly a God sent
@thee_OFFline_Jawn
@thee_OFFline_Jawn Год назад
Thank you. I feel like your opening me up to the world in a whole new way.
@veluv
@veluv Год назад
Thank you and very kind of you for sharing this information Nischa !
@lolitashaniel2342
@lolitashaniel2342 Год назад
I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green. I'm 47, and earn nothing less $150k per year, but nothing to show for it yet
@josephjoestar995
@josephjoestar995 Год назад
I’m pretty familiar with the whole ltd and expenses method, but 100% of my income is through PAYE. I earn just shy of 6 figures as a data engineer but I get taxed like a donkey, what are my options if my income is taxed before it even reaches my bank account? Will visiting a tax accountant be of any use? Thanks!
@jjmax3400
@jjmax3400 Год назад
Great content. These videos are so easy to understand!
@Brocky-ji6ue
@Brocky-ji6ue Год назад
Pls keep doing more on this topic . Love your videos
@bitobest8319
@bitobest8319 Год назад
Off shore accounts video please!
@guygreen2082
@guygreen2082 Год назад
Yes please here too.
@shiran0211
@shiran0211 Год назад
Hi Nischa, thank you so much for another great video. Do you think you could make a video is Ltd company vs self employment (tax implication, other differences, pros and cons for certain scenarios?) I would like to understand the benefits and implications on each in more detail for someone who wants to start their side business. Thank you!!!
@aspaceman9464
@aspaceman9464 Год назад
We need the other video ideas you mentioned at the end asap please and thank you, love the vids!!!
@MrOwen-vn1tn
@MrOwen-vn1tn Год назад
Nischa, Great video. You explain everything well. a good speaker with a nice voice.
@marquise5265
@marquise5265 Год назад
Niiiiissschaaaa! Thank you so much for this! I'm about to quit my job and "fly solo" professionally and tax-wise, so I need to learn as much as I can about registering as sole trader or maybe setting up a company. Doing it in the Uk or maybe somewhere abroad where the tax rate is lower (Bulgaria 10%). I've contacted a few people on Fiverr, but their advice was incredibly basic and not very helpful. Could you go more in depth with this topic or maybe recommend someone? 🙏🙏
@JoseLuisGuillenLopez
@JoseLuisGuillenLopez Год назад
Another thing that you can do for reduce taxes as an expense is if you are the house owner from the currently house that you are running your business. You as a company should pay a rent and also, as an owner you need to create other management business. But remember : The Ranger Rover cannot be declared as a business vehicle ; )
@Mariosyian4ever
@Mariosyian4ever Год назад
Beautiful descriptions and easy to follow examples! Thank you for this :D
@marssb6056
@marssb6056 Год назад
Looking forward to the next videos on setting up offshore accounts, property tax and stamp duty…all 3 much needed
@louiseburns5153
@louiseburns5153 Год назад
I'd love to hear about offshore accounts. The tax hikes coming in the UK are ridiculous and unfair.
@tziporah97
@tziporah97 Год назад
Love this video. Thank you for sharing this information with all of us.
@The_Finance_Guy
@The_Finance_Guy Год назад
Amazing video very well broken down and also covered the Stocks and Shares ISA very well too 🤓👍
@nireshkamalendran6456
@nireshkamalendran6456 Год назад
Great video again :) It was a great summary as always Would be interested to hear the remaining tax-deductions you presented at the end of the video. I am also interested in understanding property investment /property purchases via LTD vs a full-time employee buying it under our respective names please if possible
@AyosBrainStorm
@AyosBrainStorm Год назад
Great video! Please do a video on how to setup an offshore account and the benefits. Also, a video on property tax and how to maximise profits from a limited company for property would be great. Thanks!
@diskobiskit360
@diskobiskit360 Год назад
Looking forward to the next in this Tax series. Please label clearly as episode 2 in the sequence. Thanks for the great series!
@justbecauseitwas
@justbecauseitwas Год назад
Thank you for sharing your knowledge and bringing light into everyday people's life.
@dariushmilani6760
@dariushmilani6760 Год назад
Thanks very much Nischa. Great work. Greatly appreciated. Love to see some more clips regarding taxing.❤🤞👍
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