Thanks Ian for a very helpful video, I shall be using your spreadsheet. It has thrown up a few questions I’d welcome your thoughts on; 1) Why isn’t the additional rate of tax quoted as 65% as you still have no personal allowance. 2) Should you wait for HMRC to say you need to complete a SA form. 3) Is there anything you can request from HMRC to see what effect paying extra personal pension contributions has on your net adjusted income. Many thanks
Hi Ian, Love your content! As a 28 year old with a 25+ year investing horizon, and a high risk tolerance (willing to stomach high volatility for higher long term returns), my portfolio is 80% invested in UK smaller company investment trusts, 10% invested in Japanese smaller company investment trusts, and 10% other ITs. I know I'm lacking diversification and am okay with that. Any comments and/or advice would be highly appreciated!
@SteveMoore1969 It was a great decade for the UK smaller company ITs before the last few years! IMO US valuationd look bloated and fast growing smaller UK cos have very attractive valuations
Thank you, Iain, for your generocity! It would be great if you could do Scottish tax and add property income and expenses.
Property numbers are included you input the net of income less expenses and also input the mortgage tax credit
@@IanShadrackInvesting thanks again! One advancement could be to include How Donations can impact tax bills?
Thanks Ian for a very helpful video, I shall be using your spreadsheet. It has thrown up a few questions I’d welcome your thoughts on; 1) Why isn’t the additional rate of tax quoted as 65% as you still have no personal allowance. 2) Should you wait for HMRC to say you need to complete a SA form. 3) Is there anything you can request from HMRC to see what effect paying extra personal pension contributions has on your net adjusted income. Many thanks
Hi Ian,
Love your content!
As a 28 year old with a 25+ year investing horizon, and a high risk tolerance (willing to stomach high volatility for higher long term returns), my portfolio is 80% invested in UK smaller company investment trusts, 10% invested in Japanese smaller company investment trusts, and 10% other ITs.
I know I'm lacking diversification and am okay with that.
Any comments and/or advice would be highly appreciated!
It's good to see someone young prefer the UK over USA/s&p500 it's been a horrible decade. I hope you're right and it pays off sooner than 25years.
@SteveMoore1969 It was a great decade for the UK smaller company ITs before the last few years! IMO US valuationd look bloated and fast growing smaller UK cos have very attractive valuations