Title | : | ACCOUNTANT EXPLAINS: How to Pay Less Tax |
Lasting | : | 8.42 |
Date of publication | : | |
Views | : | 1,2 jt |
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I used to struggle financially and never thought I’d be in a position to worry about things like taxes But as I learned more about wealth-building, made smart investments, and grew financially, everything changed Now, after purchasing my second home, I realize how important it is to understand the legal ways the wealthy manage their taxes Knowledge truly is power Comment from : @Bhandle3 |
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Dividend tax is not good either Comment from : @jamiemaguire8576 |
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Would be worth mentioning NI The rates are actually 28, 42 and 47 Or if really want to include all stealth taxes (employers NI) the rates are 43, 57 and 62 Comment from : @andrewjohnporter |
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This was excellent video I learned so much! Thank you Comment from : @tadesha |
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Any update that you advice for investment on ISAs for this upcoming year 2025 Nischa as this video is from 2 years ago? Thank you in advance Comment from : @veronicapietralito7075 |
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Interest(ing) - that at £60K income you end up paying £12k which is of course 20 - if my maths is corrupt Comment from : @MontyVideo969 |
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how about you dont work at all so there cant be no tax for the UK Government to take from you? Comment from : @iiamxxlah |
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Don't register for it Comment from : @johnclements3624 |
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stop working Comment from : @odyssey814 |
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Hmmm…nothing new there Comment from : @NotInMyName01 |
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Didn’t mention that the £60k tax payer didn’t have business expenses that came out of their £60k Comment from : @markstothard2100 |
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Need to mention that you pay tax on your pension when you draw it down Comment from : @markstothard2100 |
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Great video Comment from : @gopalakrishnanpremalatha7447 |
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SO GORGEOUS! 😍 Comment from : @michaelc1063 |
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Thank you that was so helpful Comment from : @renemma2697 |
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Looking to buy my first property is it worth putting into a trust ? Jointly with my partner Comment from : @shafiqurrahman310 |
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I'm now on 25k per month with my new business I don't really fancy paying 11k per month to taxes as I believe that is daylight robbery don't care what anyone says criminal brHow am I getting around this to lower that amount Comment from : @Jessicafull1345 |
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What about forex trades di they pay income tax or capital gain tax ? Comment from : @Mambotheprotogy |
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The more I make, the more it feels like taxes are eating away at my savings Comment from : @Adam-dm8wg |
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I am a personal trainer and I would like to also do an AAT course Could I pay for the AAT course through my business account and count it as a business expense?🤔 Comment from : @annaz9655 |
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Taxing benefits for uk 2025 is the next one Comment from : @SamathaDaives |
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corporation tax is 25 now - wow 7 increase!!! Comment from : @DanielDelazion |
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Hi Nischa,brbrWe have been asked to consider transferring our current property, which we plan to let out after making our onward purchase, to a limited company This is because mortgage lenders may view my husband as a high taxpayer I have noticed others discussing how having three or four properties can lead to tax savings Given the extra stamp duty for anyone owning second or additional properties, do you think it would be more cost-effective for us?brbrI understand there will be stamp duty and capital gains tax to consider, but would those costs outweigh the substantial stamp duty on the onward purchase or the overall tax we will need to pay on the rental income we expect to receive? Comment from : @Husheana |
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What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio Comment from : @CharliesMcCormicks |
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So I am selling my home on Jan 30 We are leaving the country on Feb 7th I would want to become a non resident right after selling my primary residence correct? I would not want to be deemed a nor resident if I am away from canada for too long and them come after my investments that I made with the house money and be taxed on that (if I am so lucky to have that money increase in value) That is how I see it Let me know if I am wrong Comment from : @PartyofSixPY |
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Can you please change your accent Comment from : @preetdhillon3284 |
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Tax laws can be so complex, and it’s super helpful to break them down like this Understanding how different policies can impact our finances is crucial for making informed decisions Comment from : @MargaretOlivia2u |
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Do you have anything on credit? Comment from : @wayside1723 |
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Can you do some tips for people who are doing side kick income and how to file taxes and get benefits, this is apart from a regular job Comment from : @VineshDcruz |
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Could help me how to get rid of debts plse Comment from : @prem2007uk |
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A tax comparison of an individual to a company is all good but when the individual of that company wants to withdraw an income/dividend, that too is taxed if over the threshold So it's not just 19 tax paid Something to keep in mind Comment from : @75manjit |
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You do not pay tax on the money you put into a pension What is not mentioned is that you pay tax on the pension when it comes back to you later Youre not getting away with paying tax You’re just deferring it Comment from : @bcarroll7317 |
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So if I'm earning 55,000 pounds annual salary and personal allowance is at 12,570 pounds that makes my taxable income to 42,430 pounds So will that make me only pay 20? Comment from : @kquehdbfkswu23 |
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What is llp and trust I am leaving in uk can u guide good person or company give me guide got few property to give my kids Comment from : @subhashshah755 |
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Kids should learn your content at school Thank you for the great content Comment from : @GoonerKen77 |
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the thing that puts me off a pension is your money is locked away until youre like 60, for me thats 30 years away, and the government keeps raising the age of retirement,accessability rules and tax rates on it for me it seems pointless to put money away like that when you may need it in say 10 years Comment from : @stanleyflooring6772 |
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Thank you so mich for your help I love that u put into this so good explanation that even me who never thought about these before so om totally new in this Thank you Comment from : @MP-ko8go |
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Brilliant Comment from : @kantajohn |
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could you please give me an advice on stamp duty?bri am unemployed officially but i have purchased a house and i am buying another one that i will loose 45 thousand on stamp duty on its own? Comment from : @andrishagurs2564 |
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Could we get a follow-up video on Accounted Explains: Developing novel evasion strategies? Comment from : @foggy7577 |
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Just pay your tax and stop looking for ways that ultimately make you a parasite on other tax payers - paying for the services you expect Comment from : @paulbrightwell3621 |
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Nischa, very happy to meet you! Thank you for this video, it's a powerful teaching 🌹🙂 Comment from : @HenrijchLermont888 |
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@nischa I'm employed but been requested to complete tax assessment by hmrc Can I claim any further expenses like self employed? Comment from : @adeelmohammed6921 |
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@Nischa Hi Do you offer your services to Forex Traders? and do you have experience dealing with the people who trade Forex as a business Comment from : @pauledokpolo4512 |
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It's people like you that help Millionaires get out of paying their fair share of taxes !!! Comment from : @william_marshal |
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I was like 'please dont be speaking hindi/urdu'brbeacuse some people title the video in english but talk another Lang Comment from : @jop4846 |
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Nice work! Thanks for sharing this I have been helping people around the world to Incorporate in Georgia 🇬🇪 sincr 2017! Here you pay just 1 of tax Comment from : @maridevskey |
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I have a couple of properties however I'm planning on getting married and moving in with my missus and add to her mortgage Do I need to pay 2nd property tax agian ? Comment from : @Bonk-A-Lonk |
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How did Jimmy Carr pay less tax? Comment from : @gazza363 |
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How to reduce taxget rid of Starmer and his cronies Comment from : @skedtm |
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yes please explain off shore accounts thank you Comment from : @AP-BMWE46M3 |
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All this going to change soon 😂😂😂😂 with all these news laws coming in Comment from : @katrinacarlton4805 |
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Great tips! I used to feel lost with taxes, but working with Bolster Group really helped me optimize everything and save more It’s all about the right strategies! Comment from : @CyrilHollein |
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Thanks for the breakdown! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase (air carpet target dish off jeans toilet sweet piano spoil fruit essay) How can I transfer them to Binance? Comment from : @DemetriaJingst |
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The cheque i cut the government on my properties and investments are seriously eating into my project bufgets It would hurt less if I received value for my taxes but healthcare still isn't cheap, my children's college tuition costs a small fortune, and my husband and I still have retirement to plan for Right now the only solutioniwe see is to scale up my profits and with our limited knowledge, we are at a loss on how to do that Comment from : @AnnieHolsen |
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why am i watching this as a 18 year old Comment from : @0romo1x |
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How to set up off shore accounts please!!! Comment from : @gowonderwithdora-6276 |
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I’m a little confused on how you explained the first tip with how our income is taxed If I make 11,000 would I pay 20 tax on subtract this from the bracket amount? Comment from : @zoeb6067 |
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Finally got my new apartment, you have really made me believe in you that i have know option left to recommend you as the worthy and honest person to work with @Financialdocsprovider Thanks so much for coming through with quality statements made! Comment from : @VănTrườngNiệm |
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After trying multiple services for statement creation, I was left disappointed However, @Financialdocsprovider exceeded my expectations! The quality of the bank statements, pay stubs, and tax returns I received was top-notch and passed all verification checks I highly recommend their services! Comment from : @LaHồngAn |
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Hi Nischa, Thank you for the great content As someone with a regular job, If I set up a limited company but keep the money in it and do not pay myself a salary can the company be left to continue to grow and only pay corporation tax? Comment from : @ritchie1984 |
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Pension scheme is a waste of time really, the annual return managed by the pension fund managers hardly beat the market ! best to invest in your own Stock and Share general account or ISA Comment from : @superhao821 |
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HI Nischa Please could you recommend any course for tax returns? As I am being wrongfully charged for self assessment when I have never been self employed Thank you Comment from : @simonrolfe5528 |
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You're amazing, thanks for sharing! Comment from : @darrenmillings3715 |
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And how does it work for PAYE people as it seems that we are ones that get ripped off That on an annual salary of £39 190 I pay tax of £138592per month £16 631 for the yearso nearly half my salary goes to fund those on benefitsdisgusting Comment from : @sjsthelegend |
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Ffs just stick to UK Comment from : @JG-OK |
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Please share tax saving information for expats Thank you Comment from : @himadribhatt4552 |
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i wont pay it Comment from : @HidingInMyRoom1989 |
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I sold my main residence and bought another place to replace it As I was “moving home”, I didn’t pay the additional stamp duty brbrHowever, I also bought a secondary property with the aim of renting it out at the same time brbrI completed both properties on the very same day brbrHowever, I am not living in the property I paid lower stamp duty forbrbrMy main residence happened to be the one I paid higher stamp duty for brbrWhat’s going to happen now? brbrI dont want to face issues if I change my main residence again from a capital gains tax and stamp duty (moving home point) of view brbrAny advice is appreciated, thanks Comment from : @ozksean682 |
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Do you have Or can you do a video or videos to explain trusts? Comment from : @AussieLifeatSea-pf3dx |
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Thank you! Amazing videos! Comment from : @samuelcallen |
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How about making a video for people to pay their correct share of tax? This country is filled with people looking for ways to avoid tax, to the extent that they charge back ALL their electricity use to their companies!! The incoming government needs to tighten the tax laws, especially for folks who look for loopholes that you are proposing Comment from : @mimi-pluto |
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Do you have any for new self-employed, , reseller who has no clue what to do brbrThanks Comment from : @AmiTuray |
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nice hair Comment from : @SIGMedia1 |
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Can you share a video link that explains how to use Case and Shares and Stocks ISA's at a beginner level? Comment from : @Coolbuddy53 |
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Thank you I will need more on these tax reduction methods please Comment from : @dozmaz5113 |
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Hello Nicha, I am impressed with your accurate content knowledge and full understanding of the topic Consider you earned a good friend who has the same mentality You are very welcome Comment from : @celticlatins7716 |
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Hi it’s says I owe 9k estimated and paid £17k taxes am I due refund Comment from : @Georgegallowa7 |
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Could you do a video for people with a side hustle? So you are paye (40 tax bracket) and make like 5k in side hustle How can i put 5k into my pension without a tax bill or at least reduced Comment from : @reabo |
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What about withdrawing from your LLC as dividends as apposed to wages/salary? Comment from : @AwaiseMohammed-wt3zg |
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Do uber drivers get tax refunds ??? Comment from : @AndreiAlex-hw1iy |
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I couldn't listen you,i just looked at you Comment from : @KUTTNGRI |
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Offshore Bonds please? Comment from : @SoundKing |
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Did you ever end up making a dedicated video about offshore investing? I can't find it Comment from : @ashleyterepka3091 |
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Just to update this video from 12 months ago, corporation tax in the UK is now at 25 It's definitely still worth setting up a business as long as you can offset that extra 5 in taxes though Comment from : @abergwynantfarmvideos |
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Thank you for your video!!! Is not much content about there from the UK Could you make a video about taxes when starting a YouTube channel? Should you become self employed straight away? Or wait to get income? brThank youuu!! Comment from : @virgygonzalez7312 |
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But at the end of the day if u cashing out from ur pension u do get taxed again Comment from : @citizenfx6380 |
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Hi NishaThanks for your great ideas Let me share my small concern over your business idea to reduce tax Is it suitable for a person who is not interested in business, since most of his expenses are households, and hence he cant adjust it with company expenses Am I right? Comment from : @KoshyJesusLovesYou |
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Premium bonds …? I have nearly the full amount and was wondering if i could buy something similar in other jurisdictions without having to tell the Tax Office ? Comment from : @abeonthehill166 |
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I should watch more content like this because you don’t realise how much money your giving away! If you and Martin Lewis created a financial advice company you would take over the world! This video was so helpful and straight to the point! Keep up the good work amazing!!!! Comment from : @JudyJames-n7z |
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