In this episode we have Benedicta, who is a CIMA Qualified Accountant with over 13 years experience working in Government Finance, she’s a Finance Management Consultant, Public speaker and the founder of Beniratio Finances. In this episode we discuss: - Impact of Personal allowance being frozen - Capital gains tax changes and what that means for you - How businesses, employees and contractors are affected by the National Insurance changes - How to pay less tax in April 2025 - Why you need to build wealth outside of the UK - What to do before and after the 5th April 2025 and much more Connect with Benedicta: Website: https://beniratiofinances.com Instagram: https://www.instagram.com/beniratiofinances *NOTE*: Regarding the deferred remittance - According to GOV.UK, UK residents who are non-domiciled can choose to be taxed on the remittance basis, meaning they are only taxed on their UK income and gains, plus any foreign income and gains that they bring (remit) into the UK 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL 🤝 Sponsor Tide - Earn 3.81% AER Variable on your business savings here: https://glnk.io/91954/ato8fr You'll get a free £100 when you use the code ‘SAVVYWALLET' and fund the Instant Savings Account with £5,000 within the first 30 days. Ts&C's apply. New Tide members receive a 0.77% AER boost on the standard 3.04% AER on unlimited balances until 01/06/25, after that the standard rate applies with no interest earned on balances over £75,000. Rates correct as of 06/02/2025. Terms and conditions apply. Visit tide.co/savings for up to date rates. 🤝Partners Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️(The investing platform I use) Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 0:00 - Preview 0:55 - Intro 1:30 - Meet Accountant Benedicta 8:30 - This is like them taxing you more! 13:41 - Tide Ad 15:07 - Legal ways to reduce taxable income 17:02 - Impact of the employee NI threshold being frozen 19:49 - Council tax going up by 5% 23:50 - This capital gains tax went up by 80%! 27:58 - How not to pay capital gains tax 29:46 - How the increase in capital gains tax changes everything 33:25 - You need to build wealth outside of the UK 36:33 - How to build wealth outside of the UK 42:25 - Using tax free accounts to not pay any tax! 47:33 - Charging employers more impacts the employees! 54:34 - The importance of the employment allowance increasing 56:20 - How NI changes impacts contractors 59:21 - Employee vs Business Owner in the UK 1:01:14 - Subscriber questions 1:05:15 - HMRC Self-Assessment change 1:07:27 - Key actions to take before and after 6th April 1:10:40 - Top tips for minimising taxes in 2025 1:12:28 - Final words Disclaimer: The information contained on this video is not intended as, and shall not be understood or construed as, financial advice. I am not a financial advisor and the information in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation. #FinancialPlanning Learn more about your ad choices. Visit megaphone.fm/adchoices

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