))
S7 Ep 7: Financial FAQs, 7: Taxes
Manage episode 426875215 series 3346488
Content provided by Simon Glazier and Bex Elder, Simon Glazier, and Bex Elder. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Simon Glazier and Bex Elder, Simon Glazier, and Bex Elder or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
In the penultimate episode of this season on financial FAQs gleaned from the Internet, Bex picks Simon’s brain on the topic of Taxes.
Some key points of interest covered in this episode include the following:
- Bex starts off by asking Simon what tax is and how it works. [01:32]
- In response to further questions from Bex, Simon explains the nature and practicalities of each of the following: National Insurance [06:06]; Income Tax [11:11]; VAT [12:53]; Capital Gains Tax [16:07]; Inheritance Tax [19:17].
- Simon explains what is meant by ‘tax efficiency’, ‘tax avoidance’ and ‘tax evasion’ [21:39] and goes on to outline three HMRC and Government approved tax avoidance mechanisms that exist in the UK: pensions [22:22], ISAs [22:56] and Charitable Giving [23:18].
- Bex asks Simon to explain the circumstances in which someone in normal employment should complete a tax self-assessment. [24:27]
- Simon provides three top tips arising from this week’s discussion. [26:53]
- The final episode of this season will focus on the subject of Scams. [29:29]
Suggestions or feedback arising from this episode can be sent via email to [email protected] while messages via Instagram should be directed to @whereyourtreasureispodcast.
This show has been brought to you by Free Range Podcasting.
You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link.
94 episodes
Share
