UK Self Assessment Deadline: How To Avoid HMRC Tax Penalties скачать в хорошем качестве

UK Self Assessment Deadline: How To Avoid HMRC Tax Penalties

➡️ Approaching the UK Self Assessment Deadline? In this video, I break down how to avoid HMRC tax penalties and share the painful story of the £3,000 unexpected tax bill I made as a new expat. We cover UK tax bands, the 60% tax trap, and when you need to file a Self Assessment return so you don't lose money like I did. Not financial advice. Full disclaimer below. 🔥 Join our FREE 30-day Wealth Transformation Program 👉🏽 mygistnetwork.com/30-day-wealth-transformation-waitlist/ References ✅ Income Tax rates and Personal Allowances www.gov.uk/income-tax-rates ✅ What your tax code means https://www.gov.uk/tax-codes/what-you... ✅ Check if you need to send a Self Assessment tax return www.gov.uk/check-if-you-need-tax-return ✅ Capital Gains Tax www.gov.uk/capital-gains-tax ✅ Tax on Dividends www.gov.uk/tax-on-dividends ✅ Tax Rules for Side Hustles taxhelpforhustles.campaign.gov.uk/ Get Assistance on Taxes ✅ TaxAid taxaid.org.uk/tax-information/what-are-taxes ✅ HMRC Customer Support on Twitter x.com/HMRCcustomers ✅ Find an FCA-regulated adviser www.unbiased.co.uk/ ✅ Citizens Advice www.citizensadvice.org.uk/debt-and-money/tax-advice/getting-tax-advice/ ⏱️ Timestamps 00:00 Introduction 00:27 Disclaimer 00:57 My £3,000 Personal Tax Lesson 03:06 Step 1: How Much Did You Earn? 05:13 Other Taxable Income Beyond Salary 06:31 Tax Bands and Rates 08:51 Tax Calculations and Allowances 10:26 The £100k Tax Trap Explained 12:42 Is PAYE Enough? (Tax at Source) 13:49 Handling Tax Bills 14:48 Tips On Finding Information Online 15:44 Additional Income To Declare 16:18 Side Income Allowance 16:59 More On Self-Assessment 19:03 Where To Find Help 24:39 Getting A Paid Professional 27:06 Today's Exercise Investment Platforms I Use (Affiliate Links) - Get a Welcome Bonus 💎 InvestEngine (Best for ETFs) https://investengine.com/referral/u/j... 💎 Trading 212 (Best for Stocks) https://www.trading212.com/invite/HXj... Video Creation Tools & Equipment That I Use (Affiliate Links) 📹 Camera, Lights, Microphone and more https://mygistnetwork.com/resources/ 🎥 Video Editing with AI (50% DISCOUNT) https://descript.cello.so/ePYSEUoGv4B 💡 Idea Generation and more https://vidiq.com/mygist 💰 Canva https://www.canva.com/join/xbc-pfl-ptx 🎵 Music by CreatorMix.com and Pixabay.com 📢 Pictures and video clips from Freepik.com, Pexels.com, and Yarn.co 📩 Channel Info This video is part of a series on the @MoneyGistUK channel on investing and wealth-building strategies in the UK. The channel provides educational content on UK personal finance and investing from my perspective as a Nigerian expat. I share insights from my personal experience on topics such as ISAs, ETFs, budgeting, saving, investment strategies, navigating UK financial systems, and other UK investing tips for African expats and immigrants. Subscribe to stay updated on future #MoneyGist episodes:    / @moneygistuk   ⚠️ IMPORTANT DISCLAIMER - THIS IS NOT FINANCIAL ADVICE This video reflects my own journey and is provided for informational purposes only. It does not constitute financial advice and I am not authorized by the Financial Conduct Authority (or any other regulatory body in the United Kingdom or elsewhere) to provide financial advice. Investment values can go down as well as up, and past performance is not a reliable indicator of future results. Capital invested is at risk. For personalized financial planning and investment guidance, always consult a qualified UK financial advisor. Ultimately, you are responsible for your financial decisions. 🔗 AFFILIATE DISCLOSURE Please note that some of the links in this video are referral/affiliate links, meaning I receive a commission on qualifying purchases or payments made through them at no extra cost to you. I may also own shares in some of the companies mentioned in the video. However, this has no influence on my opinions or the content shared. Thanks for supporting the channel. #MoneyGistUK #NigeriansInTheUK #InvestingForBeginners #PersonalFinanceUK #FinancialFreedom