In this video I go through everything that you need to know about investing and taxes in the UK.

This includes the 3 main vehicles we can use to invest in the UK - ISAs, pensions and general investment accounts.

And the 3 main 'phases' of investing - before investing, during investing (i.e when we are invested in something) and when withdrawing.

Ultimately, ISAs and pensions have great tax advantages. So if possible, make the most of these.

But, GIAs do have their place in specific situations. Not to mention that for some types of investments (e.g crypto) we can only use GIAs to invest.

Just be aware that with GIAs we may be liable to pay capital gains tax and/or dividends tax.

Capital gains tax arises when we sell, and the allowance is currently £3,000 per tax year.

Dividend tax arises when we earn dividends and this happens when we're investing as most funds pay dividends, and the allowance is currently £500 per tax year.

Listen to the full episode for all the details!

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📖 Stop Waiting, Start Investing Ebook - https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📊 Income, Expenses, Saving & Investing Tracker - ⁠⁠⁠⁠⁠https://payhip.com/b/SIaGz ⁠⁠⁠⁠⁠

📈 How to start investing workshop - https://payhip.com/b/1fic

📰 Newsletter - ⁠⁠⁠⁠⁠https://makingmoneysimple.mykajabi.com/Newsletter⁠

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

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🐦 Twitter - https://twitter.com/makingmsimple

It's no secret that I am a fan of global funds.

I am largely just a global index fund investor.

Why? Because it keeps my approach as simple and as diverse as possible.

Across my various investing accounts, and there are a lot of them (as we go through in the podcast), I usually solely invest into the lowest cost, most globally diversified fund I can find.

And I recently passed a huge milestone. After 7 years of investing, I now have £100,000+ in global funds.

So in the podcast episode, we go through the exact global funds I am investing into. Including what they're called, how many stocks they hold, what fees they charge, and more.

Listen to the full episode for all the details!

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📖 Stop Waiting, Start Investing Ebook - https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📊 Income, Expenses, Saving & Investing Tracker - ⁠⁠⁠⁠https://payhip.com/b/SIaGz ⁠⁠⁠⁠

📈 How to start investing workshop - https://payhip.com/b/1fic

📰 Newsletter - ⁠⁠https://makingmoneysimple.mykajabi.com/Newsletter

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram - https://www.instagram.com/makingmoneysimple/

🐦 Twitter - https://twitter.com/makingmsimple

Thomas (@thebankengine) joined me on this episode to talk about how he makes extra income each month - specifically a whopping £1,912 across April and May 2024.

Not just in the last two months though, Tom the bank (or tank 🚂) engine has been making thousands of additional pounds across the last few years.

This is all through extra income streams/extra side hustles that he has, some completely passive income streams and some more active income streams.

Tom has 11 extra income streams in total, and the great thing is that these are all real income streams. No income stream 'ideas' or 'hacks', real side hustle income streams that make him money.

People always ask about how to make some extra money or for side hustle ideas to make money - so hopefully this episode will help!

These 11 extra income streams include: 1) Cashback & points - e.g EverUp, Jam Doughnut. 2) Cashback sign up offers. 3) Bank switching. 4) Market research - e.g Take Part In Research, Askable. 5) Mystery shopping - e.g Roamler. 6) Surveys. 7) Matched betting. 8) Affiliate sign up offers. 9) Lifetime ISA interest + bank interest on savings. 10) Dividends. 11) Side business.

In the podcast episode we go through this full list, discussing each option, the pros and cons, drawing on our own experiences, potential costs or risks involved, specific examples, and a lot more.

Listen to the full episode for all the details!

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📖 Stop Waiting, Start Investing Ebook - https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📊 Income, Expenses, Saving & Investing Tracker - ⁠⁠⁠https://payhip.com/b/SIaGz ⁠⁠⁠

📈 How to start investing workshop - https://payhip.com/b/1fic

📰 Newsletter - ⁠https://bit.ly/3roNpIB⁠

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram - https://www.instagram.com/makingmoneysimple/

🐦 Twitter - https://twitter.com/makingmsimple