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ACCOUNTANT EXPLAINS: How to Pay Less Tax

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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

Dividend tax is not good either
Comment from : @jamiemaguire8576

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

This was excellent video I learned so much! Thank you
Comment from : @tadesha

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

Interest(ing) - that at £60K income you end up paying £12k which is of course 20 - if my maths is corrupt
Comment from : @MontyVideo969

how about you dont work at all so there cant be no tax for the UK Government to take from you?
Comment from : @iiamxxlah

Don't register for it
Comment from : @johnclements3624

stop working
Comment from : @odyssey814

Hmmm…nothing new there
Comment from : @NotInMyName01

Didn’t mention that the £60k tax payer didn’t have business expenses that came out of their £60k
Comment from : @markstothard2100

Need to mention that you pay tax on your pension when you draw it down
Comment from : @markstothard2100

Great video
Comment from : @gopalakrishnanpremalatha7447

SO GORGEOUS! 😍
Comment from : @michaelc1063

Thank you that was so helpful
Comment from : @renemma2697

Looking to buy my first property is it worth putting into a trust ? Jointly with my partner
Comment from : @shafiqurrahman310

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

What about forex trades di they pay income tax or capital gain tax ?
Comment from : @Mambotheprotogy

The more I make, the more it feels like taxes are eating away at my savings
Comment from : @Adam-dm8wg

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

Taxing benefits for uk 2025 is the next one
Comment from : @SamathaDaives

corporation tax is 25 now - wow 7 increase!!!
Comment from : @DanielDelazion

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

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

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

Can you please change your accent
Comment from : @preetdhillon3284

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

Do you have anything on credit?
Comment from : @wayside1723

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

Could help me how to get rid of debts plse
Comment from : @prem2007uk

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

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

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

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

Kids should learn your content at school Thank you for the great content
Comment from : @GoonerKen77

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

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

Brilliant
Comment from : @kantajohn

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

Could we get a follow-up video on Accounted Explains: Developing novel evasion strategies?
Comment from : @foggy7577

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

Nischa, very happy to meet you! Thank you for this video, it's a powerful teaching 🌹🙂
Comment from : @HenrijchLermont888

@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

@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

It's people like you that help Millionaires get out of paying their fair share of taxes !!!
Comment from : @william_marshal

I was like 'please dont be speaking hindi/urdu'brbeacuse some people title the video in english but talk another Lang
Comment from : @jop4846

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

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

How did Jimmy Carr pay less tax?
Comment from : @gazza363

How to reduce taxget rid of Starmer and his cronies
Comment from : @skedtm

yes please explain off shore accounts thank you
Comment from : @AP-BMWE46M3

All this going to change soon 😂😂😂😂 with all these news laws coming in
Comment from : @katrinacarlton4805

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

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

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

why am i watching this as a 18 year old
Comment from : @0romo1x

How to set up off shore accounts please!!!
Comment from : @gowonderwithdora-6276

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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Comment from : @LaHồngAn

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

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

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

You're amazing, thanks for sharing!
Comment from : @darrenmillings3715

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

Ffs just stick to UK
Comment from : @JG-OK

Please share tax saving information for expats Thank you
Comment from : @himadribhatt4552

i wont pay it
Comment from : @HidingInMyRoom1989

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

Do you have Or can you do a video or videos to explain trusts?
Comment from : @AussieLifeatSea-pf3dx

Thank you! Amazing videos!
Comment from : @samuelcallen

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

Do you have any for new self-employed, , reseller who has no clue what to do brbrThanks
Comment from : @AmiTuray

nice hair
Comment from : @SIGMedia1

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

Thank you I will need more on these tax reduction methods please
Comment from : @dozmaz5113

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

Hi it’s says I owe 9k estimated and paid £17k taxes am I due refund
Comment from : @Georgegallowa7

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

What about withdrawing from your LLC as dividends as apposed to wages/salary?
Comment from : @AwaiseMohammed-wt3zg

Do uber drivers get tax refunds ???
Comment from : @AndreiAlex-hw1iy

I couldn't listen you,i just looked at you
Comment from : @KUTTNGRI

Offshore Bonds please?
Comment from : @SoundKing

Did you ever end up making a dedicated video about offshore investing? I can't find it
Comment from : @ashleyterepka3091

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

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

But at the end of the day if u cashing out from ur pension u do get taxed again
Comment from : @citizenfx6380

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

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

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