In this episode we have Benedicta, who is a CIMA Qualified Accountant with over 13 years experience working in Government Finance, she’s a Finance Management Consultant, Public speaker and the founder of Beniratio Finances.

In this episode we discuss:

- Impact of Personal allowance being frozen

- Capital gains tax changes and what that means for you

- How businesses, employees and contractors are affected by the National Insurance changes

- How to pay less tax in April 2025

- Why you need to build wealth outside of the UK

- What to do before and after the 5th April 2025 and much more

Connect with Benedicta:

Website: https://beniratiofinances.com

Instagram: https://www.instagram.com/beniratiofinances

*NOTE*: Regarding the deferred remittance - According to GOV.UK, UK residents who are non-domiciled can choose to be taxed on the remittance basis, meaning they are only taxed on their UK income and gains, plus any foreign income and gains that they bring (remit) into the UK

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TIMESTAMPS

0:00 - Preview

0:55 - Intro

1:30 - Meet Accountant Benedicta

8:30 - This is like them taxing you more!

13:41 - Tide Ad

15:07 - Legal ways to reduce taxable income

17:02 - Impact of the employee NI threshold being frozen

19:49 - Council tax going up by 5%

23:50 - This capital gains tax went up by 80%!

27:58 - How not to pay capital gains tax

29:46 - How the increase in capital gains tax changes everything

33:25 - You need to build wealth outside of the UK

36:33 - How to build wealth outside of the UK

42:25 - Using tax free accounts to not pay any tax!

47:33 - Charging employers more impacts the employees!

54:34 - The importance of the employment allowance increasing

56:20 - How NI changes impacts contractors

59:21 - Employee vs Business Owner in the UK

1:01:14 - Subscriber questions

1:05:15 - HMRC Self-Assessment change

1:07:27 - Key actions to take before and after 6th April

1:10:40 - Top tips for minimising taxes in 2025

1:12:28 - Final words

Disclaimer: The information contained on this video is not intended as, and shall not be understood or construed as, financial advice. I am not a financial advisor and the information in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.

#FinancialPlanning

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