Did you know that you can build up an ISA allowance without keeping the money in it? Well, that’s Flexible ISA in a nutshell. Flexible ISA is a fantastic tool for business owners because it allows us to move money in and out without losing the tax-free benefits.  I will also share a clever way to create a big ISA allowance (say £100,000) without having to invest the money. First, let’s quickly cover the basics. How a Standard ISA works – The Basics A typical ISA allows you to invest £20,000 every tax year. This is your £20,000 annual allowance.  Your pot grows tax-free, as long as it ..read more

This article will show you how to earn the most on your cash. Thanks to UK’s higher interest rates, you can make your cash work harder in 2023. This article explains how Savings accounts work, Money Market Funds, Cash ISAs, Premium bonds, NS&I products, Short-term Gov Bonds, their rewards, risks and their taxes. Before we dive deeper, here is a summary of the best places to hold cash in 2023: Account How much can I earn Notes Savings Account 3% easy access, 4.1% fixed Safe. Limited companies can open one too. Fixing your cash can earn a higher return than easy access but locks your ..read more

I had the pleasure of interviewing Andy Craig, a biotech and life sciences specialist. Andy is launching the Conviction Life Sciences company where investors can take part in this new venture. It is a “reaction to a structural opportunity which we think is very rare” targeting 20% annual returns on average. Disclaimer: Nothing in this article or video should be considered financial advice. Please do your own research before making any financial decisions. There are structural reasons that biotech and life sciences companies can be great investments right now. Non-US companies, particularly ..read more

January is the time of the year when people set goals and then quickly forget about them. The most common new year resolution is to exercise more, followed by ‘lose weight’ and ‘improve my diet’. Sorry ‘save more money’ and ‘career ambition’, you only come 4th and 5th! Source: Statista But even though goals are better than nothing, they are not very useful. Every January, I keep going back to what James Clear (Atomic Habits) says: Forget about goals, build systems instead Build systems, and the score will take care of itself. This applies to everything: weight loss, investing, career promoti ..read more

In this article, you will learn how corporation tax works, how to calculate it and how to reduce it. You will find out how corporation tax loss can benefit your business. I also provide a free corporation tax calculator for 2023. You can estimate your company taxes depending on the number of companies you own. Corporation tax is easy to grasp. Understand it well enough, and you can help your business grow faster. Main points: Corporation tax will be 25% in 2023 Small businesses will pay corporation tax between 19-25% The more small companies you own, the lower the benefits You can reduce your ..read more

There is no way to sugarcoat this. The UK is in a recession, and taxes are going up, as we were promised. Here are the updates Jeremy Hunt announced in the Autumn Statement 2022. A freeze on income tax thresholds Allowances frozen until 2028: Personal allowance (£12,500), NI, Inheritance tax, Pension allowances Capital gains tax allowance from £12,300, down to £6,000 from April 2023, and then halved again in April 2024. Dividend tax-free allowance drops from £2,000 to £1,000 in April 2023, and £500 in April 2024 Lower threshold for additional rate taxpayers (45% tax) from £150,000 to £125,14 ..read more

If you look at today’s news or talk to anyone remotely interested in the markets, you will get a grim view. You might feel this way too. I feel it. It is no surprise this year; everything has gone down. Stocks fell together with bonds, something that rarely happens at this scale. US but relevant: You might be saying- Investing is costing me dearly. In this post, I want to stop, take a step back and look at all asset classes since the pandemic began. How have assets performed since then, including this year’s decline? The results will give us perspective. I am not even considering ou ..read more

Are you investing based on your future liabilities? Having the luxury of a 20-year time horizon lets you take risks with your investments. We know that time in the market is more important than timing the market. But what about those goals in 5 or 10 years’ time? How do you invest to ensure you don’t fall behind by then? The concept of asset-liability matching is not the most exciting part of finance. But it makes investing more predictable and reduces behavioural mistakes. What is liability matching? The idea is simple. We all have needs and wants in life. Some are short-term, like buying ..read more

Can Buy-to-Let investing run more smoothly? Can you get better tenants? Can renters build house equity while renting? A common friend recently introduced me to the founder of Adjoin Homes, a new London-based property startup. I thought I’d write about what they do as it might be applicable to you either as an investor or as a tenant. I will explain what the new Rent-to-Own model is about. Apparently, this is a big thing in the US. I didn’t know. The UK is just getting started. Adjoin call it ‘Rent Now Buy Later’ They want to make housing-wealth accessible to everyone. At the same time, they w ..read more

Should you buy property through a limited company or in your own name? As a UK property investor, you face this question occasionally. People used to buy buy-to-let in their own name. With the recent tax changes, things changed. Investors have started buying property using limited companies. One big advantage of doing so is that company Buy-to-let owners have lower taxes. They enjoy better tax planning too. Companies can treat the mortgage interest as an expense. This is tax-deductible. Personal landlords can only claim a 20% tax relief on the interest amount, so tax is higher! But running a c ..read more