Personal Money Management 101

Tax Planning Tips

Taxes (and death) - life's only certainties.
- But you don't want to pay more than you need to.
Tax evasion = not paying what you are legally obliged to pay
- a criminal offence
Tax avoidance = arranging your affairs to minimize tax -
- a very sensible thing to do
Take full advantage of tax breaks
- Find out what expenses are tax deductible.
- In the UK ISA's offer limited tax free investment each year, does your country offer an equivalent?
- Is capital gain (growth) taxed differently than income?, perhaps you can shift the balance of your portfolio - IF it's in keeping with your overall objectives.
BUT - Don't choose an investment only for the tax breaks -
Be sure
- i) it fits your overall objectives .
- ii) fees don't outweigh tax savings.

Personal Money Management 101 Tax Planning Tips


Home Blog Financial Intelligence Financial Planning Debt Management Real Estate Mortgages Investing Stocks Software Books Disclaimer Resources Sitemap	Taxes (and death) - life's only certainties. But you don't want to pay more than you need to. Tax evasion = not paying what you are legally obliged to pay a criminal offence Tax avoidance = arranging your affairs to minimize tax - a very sensible thing to do Take full advantage of tax breaks Find out what expenses are tax deductible. In the UK ISA's offer limited tax free investment each year, does your country offer an equivalent? Is capital gain (growth) taxed differently than income?, perhaps you can shift the balance of your portfolio - IF it's in keeping with your overall objectives. BUT - Don't choose an investment only for the tax breaks - Be sure i) it fits your overall objectives . ii) fees don't outweigh tax savings.
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