The UK tax system stops you building wealth | Here’s how to beat it!

#ukeconomy #uktax #hmrc #jeremyhunt #rishisunak #hmrcsidehustle #stocksandsharesisa The UK tax system is in dire need of reform. In this video, we’ll discuss the current flaws and suggest some policies that could help fix it. From addressing income inequality to changing corporate tax rates, let’s explore ways to improve the UK tax system for the benefit of all citizens. Welcome to Modern Money Talk, where we discuss personal finance and personal development! These two topics are closely related, and that by improving your financial situation, you can also improve your overall well-being. On this channel, I share tips and information on a variety of topics, including: Budgeting and saving money Investing and retirement planning Getting out of debt Starting and growing a business Building wealth Achieving financial independence Personal development topics such as self-confidence, goal setting, and time management I will also be sharing my own personal story and journey to financial freedom. I hope that my stories and experiences will inspire you to take control of your finances and achieve your own financial goals. So whether you’re just starting out on your financial journey or you’re looking for new ways to improve your financial situation, I encourage you to subscribe to my channel and watch my videos. 00:00 Introduction 00:50 The system 01:32 How tax is calculated 03:29 Not all income is equal 04:25 Capital gains tax 05:27 How is it rigged? 08:18 How to legally pay less tax 09:02 ISA 11:04 Pensions 12:34 Annual pension allowance 13:13 Pension carryforward 14:05 Getting paid the right way 15:12 Claiming household bills 15:42 Marriage tax allowance 16:00 Speak to an advisor