Andy Egwim explains why simple investing costs you money. UK inheritance tax takes 40% without planning. He shows how limited companies and tax strategies protect your wealth and keep your family from selling assets to cover taxes.
Ndubuisi 'Andy' Egwim.
40%.
You are working harder than your money, you need to make sure that your money works harder than you. That's what investing is all about. And if you invest tax efficiently now, your money is not just working hard, it's breathless and it's panting and it's sweating. It's trying to help you to work less. Everything in finance that is simple and straightforward usually cost you money if it's too simple. And like people say, oh, I don't want to use a limited company to do local mergers, they should just take the 40%. I'm like, really? In the UK, there's a tax even till death. It's called inheritance tax. And if you do nothing about it, if you don't do any good tax planning, it's just sad seeing people having to give up, like 40% of what they worked for all their life. And their families might have to sell their house.
