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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
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
My favourite books 📚
Shoedog (my favourite book about intrinsic drive in business): https://amzn.to/3UdsiXz
Rich Dad Poor Dad (no.1 personal finance book – need i say more?!): https://amzn.to/3TbqRro
The Psychology of Money (creating a mindset of abundance): https://amzn.to/3fzDmPQ
I Will Teach You to Be Rich (No BS guide on how to get good with money): https://amzn.to/3FQRoY2
The Dhandho Investor (The book i recommend to anyone new to investing): https://amzn.to/3U6A1Xr
The Midnight Library (not a personal finance or personal development book but one that makes you grateful for every moment of your life): https://amzn.to/3TqkfW8
My filming equipment 📷
Camera: https://amzn.to/3T67Tma
Microphone: https://amzn.to/3NDUv7E
Tripod: https://amzn.to/3gM5WxU
Instagram: @nischa.talks
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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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!
keen to see content on setting up an offshore account and how to buy an energy efficient car. Thank you!
Hey Nischa I’ve just registered my company what’s the best bank account company that you recommend to open ? ❤
Off-shore accounts video please
Is there a video you have to explain taxes and costs for dummies ?
I decided to go for ltd instead of sole trader but there's so much to learn I feel like I'm drowning. Like if all my costs for my company is 10k , I took 30k earnings. Does my take home income get declared as 20k
These tax videos are very needed. Thank you and please make those videos
Can you make a video on how someone can get started with a view to investing in crypto
Can we go on a date? I’ll sort the tax in June:)
Would be interesting to know if there are any way to reduce tax for people on salary/employed who earn over 100k. Thank you!
Imagine everyone partaking in tax avoidance, no NHS , no schools , no Police etc ,there's a big difference between legally and morally .
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
Great video Nischa – no messing around, straight to the point & you come across well. Thanks
Not all heroes wear capes, please tell us about how we can set up offshore accounts and get away from being taxed to death
Could you make a video on how you can save money on tax as a landlord
Hi Nischa, really love your videos. can you please make a video about expanding more on setting up a company structure? Also, another video for 'how to set up an offshore account' would be really great. thanks 🙏
I wonder do thou actually offer accountancy services for Ltd Companies ??
I’d love to learn about the process of opening offshore accounts as you mention it’s easy for anybody to do? Please do a video on this if you could that would be very informative. 🙏
Sexy and brainy 🥰
offshore company set up video please
Please do the off shore and all the other crazier tax saving tricks
Hi, Robert Kyosaki mentions the importance of learning taxes. Are there any accounting courses out there in UK that you would recommend for people intending to do business rather than having to do a whole degree on it.
5:30 when you explain individual vs company, can’t you also claim items and expenses anyway because you’re registered as a sole trader? Because to be a company you have to have a lot more involvement in the tax process and fill more forms etc?
Literally one of the most useful people on youtube – thank you so much!
Hi Nischa, do you know if you can invest in a Pension Contribution in the UK from a different country? I am a citizen in both the UK and my home country but earn purely from my home country. How would one go about doing this?
Very good vid, I do outside ir35 contracting to keep my taxes low.