How To Build Wealth Without Paying Any Tax

Photo by Towfiqu barbhuiya on Unsplash

People discussing building wealth or investing often discuss the latest top stock pick or crypto trend. How to approach investing to minimise the tax burden is rarely discussed.

Now we are not talking here about tax evasion. That is avoiding paying legitimate tax when it is due. We are talking about legitimately arranging your financial affairs to minimise tax and are used by the rich to arrange their tax affairs legally.

There are five reasons why most people should look to do this:

• Reason #1: It reduces the amount you need to pay in tax each year
• Reason #2: Although potentially small amounts, this can compound over time to make a significant difference
• Reason #3: It can make as big a difference as which stocks/funds/bonds you choose
• Reason #4: If you adopt this strategy and automate it builds wealth at a faster rate as you sleep
• Reason #5: If arranged correctly, you can reduce your inheritance tax burden when passing wealth on to your family in the future.

Want to know more? Then read on…..

Where should I invest my money?

In simple terms, your money is put into an account or investment vehicle such as a pension, ISA, unit…