5 Hidden UK Tax Breaks adding up to £90k (EP. 5 – 100 Ethical Wealth Hacks)
In this video I explain 5 little-known UK tax-breaks that can legally save you £10,000s. \n\nFor an AJ Bell ISA – https://clk.omgt1.com/?PID=9933\u0026AID=1864341\n\nYou can invest in SEIS/EIS companies though our Angel Syndicate – 🙆🏻♂️ https://www.islamicfinanceguru.com/startup-funding/\n\n💌 Sign up to our email newsletter – https://www.islamicfinanceguru.com/subscribe\n🌍 Our website – https://www.islamicfinanceguru.com \n🎙Our weekly podcast – https://www.islamicfinanceguru.com/podcast/\n👔 Linkedin: https://www.linkedin.com/company/islamicfinanceguru\n🐦 Twitter – https://twitter.com/ifguru\n📕 Facebook – https://en-gb.facebook.com/islamicfinanceguru\n📸 Instagram – https://www.instagram.com/islamicfinanceguru\nTo get 📕 Islamic Wills in the UK – http://wills.islamicfinanceguru.com/\n👨🏼🏫 Our Investing Courses – https://www.islamicfinanceguru.com/courses/\n🙆🏻♂️ Our IFG Angel Investing Syndicate – https://www.islamicfinanceguru.com/startup-funding/\n\nTIMESTAMPS\n00:32 – Marriage Allowance\n01:25 – SEIS/EIS Schemes\n03:21 – Tax Relief on Charitable Donations\n03:46 – Individual Savings Accounts\n04:38 – Inheritance Tax Hacks\n\nWho are we:\nWe are two Oxford grads who have studied Islamic finance both at uni and classically for over 6 years. We quit our corporate law jobs to go full-time on IFG in 2020. We are on a mission to help 25% of the world’s population with their personal finances.\n\nIslamic Finance Guru (IFG) is an Islamic finance comparison and analysis site that helps people with their investment, personal finance and entrepreneurial journeys.\n\nWe do this for one reason: to make our community better-off. We want to take Muslims from being among the poorest in society to the richest. We think that this is the most effective way to deal with problems like discrimination, under-representation and poverty. For more about the team visit: https://www.islamicfinanceguru.com/about-us\n\n🌍 Our website / blog – https://www.islamicfinanceguru.com \n\nOur most popular videos:\n\n- Why an Islamic Will Can Save you £9700 – https://www.youtube.com/watch?reload=9\u0026v=A_12zVW2GjQ\n- Halal High-Paying City Jobs – https://www.youtube.com/watch?v=EXBptkhl5A0\n\nGet in Touch:\n\nIf you’d like to talk or have any questions or requests, we’d love to hear from you. Tweeting @IFguru directly will be the quickest way to get a response, but if your question is more complex, feel free to email us at https://www.islamicfinanceguru.com/contact-us/ – we try our respond to everyone!\n\n#investment #angelinvesting #startup #investing#shariacompliant #halalinvesting #halalinvestment #islamicfinance #ifg
UK tax cuts expected
The UK financial sector last year paid £ 75.6bn ($ 104.08bn) in taxes, but similar revenues are projected to drop markedly in 2021 as unlimited access to EU resources ends and the pandemic continues to rage on the territory of Foggy Albion.
City of London said its tax contribution until March 2020 remained largely unchanged from the previous period, despite uncertainty over the future of UK-EU relations.
«It is difficult to count on the usual amount of tax deductions due to the fact that the future is still in the fog.
We still cannot determine the long-term consequences of the pandemic, Brexit and the massive shift to remote work», – said Katherine McGuinness from City of London.
Revenues are expected to decline in the current fiscal year, which ends in March, sagging from £ 75.7bn to £ 71.1bn, PwC consultants calculated in their report..
«Moving to new UK-EU trade agreements will put further pressure on financial services recovery», – says the report.
UK trade deal with the eurozone from January 1 does not extend to financial services, and London is likely to gain limited access to the EU for the foreseeable future.
The export of financial services to the EU in recent years amounted to about 26 billion pounds sterling annually, but part of this segment has already moved to the EU countries, not wanting to lose access to the European market.