Ndubuisi 'Andy' Egwim explores whether to pay taxes now or later. Deferring taxes lets you keep money for immediate expenses and earn compound interest on it, though you'll want to avoid the 60 tax trap.
Our destiny in two ways. One, do you want to be taxed now or do you want to be taxed in the future? In the future. In the future. Why? Just tell me why. Why? Why would you want to be taxing the future? Not now.
Well, hopefully. Well, I need. I need more money now. Like by then I have less expenses, I guess so.
That'S brilliant. Okay, why else the.
Compounding interest.
That's fantastic. So. So compounding can work against you. Can work for you like your now your company is working against you at Dana because they are being charged fe compound against you but the same thing if you are delaying charging me pension what's happening Instead of the nhs, instead of the HMRC to take out that tax, let's say the tax you're going to be taxed with 40 or whatever and someone mentioned want to be paid in the future so that you can she can avoid the 60 tax trap. So that is also a brilliant reason.
