Having a plan to protect your wealth has never been more important. There are threats appearing which could change how you manage your assets, property, and investments and which could influence your goals and objectives.
The pandemic of 2020 and the impact this has on economies worldwide, is certain to have long-term consequences. The way to deal with this, which we will explore within this video, is to put wealth protection at the heart of your financial planning.
Doing so is a sensible approach at any time, so the approach and ideas outlined will work during any economic period.
In the UK, government finances have been hit very hard, debt and deficit levels have reached historically high levels.
This suggests that tax rises are likely in the coming years and wealth could be a target.
Property and investments, including investment income could be areas where rates of taxation go up, allowances are reduced or new types of tax are introduced.
It is often the case that governments bring in tax changes by stealth, for example by slowly increasing the percentage tax rate, freezing allowances or putting caps on tax breaks.
Watch this video to see how it works and learn some insights that can be very useful in your personal and business life.
This can have a similar effect to the idea of a frog sitting in water which is slowly heated up. It does not realise it is being boiled until it is too late........................................
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This channel is dedicated to providing financial education to help people to become financially secure and comfortable in retirement.
Remember to like and subscribe to my YouTube Channel.
