In this episode Carl discusses the 4 main tax wrappers that investors can use to legally shelter their income and gains from tax. Saving and investing into the right wrappers now could mean that all your income in retirement is tax free.
It began with some negative comments on economic growth forecasts over the next few years but let’s forget about the negative and talk about what happened in the Budget 2017.
All in all it was a pretty quiet affair with the headline being the abolishment of Stamp Duty on homes under £300,000 for first time buyers. If you’re a first time buyer and lucky enough to be able to afford a home between £300,000 and £500,000 then you won’t pay Stamp Duty on the first £300,000 either.
Time will tell if this will actually help first time buyers get on the housing ladder and in fact the Office for Budget Responsibility believe this measure could increase house prices.