ACCOUNTANT EXPLAINS: How to Pay Less Tax

This is part 1 of a series which I may or may not continue with depending on what your thoughts are! Everything I say is legal with many people already utilising this. I hope you enjoy it Xx

⌚️Timestamps:
00:00 - Introduction
00:25 - Disclaimer
00:45 - How is Income Tax Calculated
02:30 - Pension Contribution
04:20 - Company Structure
06:06 - Non-Taxable Income Stream
08:05 - Final thoughts

MY FILMING EQUIPMENT:

KEEP IN TOUCH:

DISCLAIMERS & DISCLOSURES

This content is for education and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

[kooliecurlz]

I think apart of what has been making your channel grow so rapidly lately is not only because of your wonderful content but also I’ve noticed that YouTube is lacking of European/ UK financial creators that know what they are talking about and make their content engaging at the same time. I am grateful because usually when searching on here it’s a lot of US based content which isn’t very helpful a lot of the time (personally)

[roselinededua]

Please make a dedicated video for self-employed tax payment! Thank you 💕

[iamnickthegeek]

Excellent video. Just a small point to clarify for anyone in the UK, you don't need to be a legal "Company" (e.g. Limited) to deduct business expenses before paying tax, you can absolutely do this as a "Sole Trader."

[rambo]

Putting aside the whole content aspect of this video, your delivery of content is absolutely to perfection. Clear, straightforward and precise. The professionalism, politeness and with clear vocals, without any emotional bias towards your content is incredible. I believe these factors is what keeps viewers engaged in your videos through till the end. Keep up this method and your channel will grow rapidly for sure.

[lupitahaussmann]

You speak so eloquently and have quickly become a finance role model. I'm looking forward to learning more! THANKS!

[JasonR]

I wanted to watch the full video before commenting and I am seriously blown away. I recently paid for a course to learn this and this single video is so much better than that entire course! Nischa, very well done and thank you so much.

[elviraeiduka]

The quality of your content is amazing, thank you for this useful information! ❤ Could you dive deeper into taxes for small business owners: what can generally be written off as expenses, what to look out for in a tax advisor, when to start looking for an accountant (at what stage of the business) and maybe the average charge rate of tax advisors and long term accountants. Keep up the good work, Nischa ✨

[ironore]

You’re Subs growth is super impressive.

I think what people like is your honesty, transparency and helpful content.

Too many on YT are trying too hard.

[sitapatel]

Great informative video! Would love a Video on UK pension relief - and a breakdown of how the 20% / 40% / 45% income tax brackets impact tax relief please

[filmwork]

This explanation is way more easier to understand than the ones i've had with my accountant for 14 years. (Love the new graphics btw).

[willreidy]

Great video Nischa - no messing around, straight to the point & you come across well. Thanks

[kevingomez]

Yo! Came across this video on my lunch break. What a blessing! Thanks for the knowledge, much appreciated! 🙌

[margueritestrydom]

This is amazing. I love your practical advice and the fact that you are showing people in Europe/ the UK what they can do. Please cover more Tax content and I would LOVE to see videos on offshore accounts and how to set up a company online as you mentioned in the video. Thank you for all your videos!

[jshott]

Thank you for such informative, clear and accessible content Nisha! Id love to hear more about tax efficient ways of buying energy efficient cars. Thank you

[rusaliagumerovachingizhan]

You are truly professional and very kind, intelligent, honest and I enjoy all your videos. The knowledge that you share with public is very concise, we need more videos from British Professionals, educating us lot on many aspects. Taxation code and method must be applied in a way that should benefit the working class, so thank you Nisha for sharing this information with us. Wish you all the best in your career and personal life.

[jacquelineblackmore-allen]

I love your channel Nischa! So succint, relevant, and easy to understand. I've only been watching for a couple of weeks but I am really inspired! Forgive me if you have already covered these, but I would love to see videos on the following:
- What to prioritise with respect to savings, investments, etc, when starting at an older age (e.g., 40+), would the priority list be different to when someone is, say, 25-30? Is there anything that should be avoided or prioritised?
- Investing pre-IPO (e.g., crowdfunding for start-ups) vs buying shares in public entities.
Thanks in advance and keep up the good work!

[Anabella]

Hi Nischa, I have recently come across your channel and I just want to say what great job you are doing. I love your style and your way of explaining financial concepts which is so easy to understand. And it's great that you are also in the U.K, as I am, as your information feels much more relevant. So glad I found your channel and thank you for the invaluable financial education :)

[fadifadi]

Good video! Looking forward to part 2. Also your views on thr property market given the higher rates will be really appreciated

[jf]

Probably the best 8 min 41 secs I've spent on YouTube. Thank you! 🙏

[upsetter]

great video. short, impactful, and straight to the point. Keep up the good work