Explained: How UK Income Tax Works

Have you ever wondered how your hard earned cash is actually taxed?

Well, wonder no more!!!

In this post I lay out how UK income tax works and what it means to you.

Myth Buster 101

In a recent poll on my Instagram page, 30% of the respondents believed a higher rate tax payer only pays 40% Income Tax.

So, if you only take one thing away from this post, let it be this:

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The Wealth Creation Machine

“Are you looking to build wealth?”

“Do you want to secure your financial future?”

“How about free money every month?!”

If you answered “YES” to any of the above questions…

YOU NEED A PENSION!

Pensions are in somewhat of a marketing crisis. They are more important than ever, but chronically misunderstood.

‘Pensions’ are seen by many as a dirty word. The word isn’t sexy or alluring and tends to conjure up images of withering away in later life, too old to enjoy your money.

Continue reading “The Wealth Creation Machine”