Looking for money debt advices to improve your financial positions and to avoid cash problems ? Although this seems a touchy subject, the reason for having a life insurance policy on a child is about cash accumulation, explains industry pro, Thomas. “Compound interest works best when you have a lot of cash or a lot of time. Kids have a lot of time. “When buying an Indexed Universal Life Insurance policy for a child, the cost is very low and remains the same over the life of the policy, while the cash continues to grow. The parent owns the cash and can borrow from it. The parent can also assign ownership to the adult child one day, along with the cash, just in time for adult things like a down-payment on a home. Or the child can create retirement income with the policy.”

LBYM, or live below your means. Such a simple concept, yet most of us do not practice it well. If you have a limited salary and high debt, by no means should you be upgrading to a brand new car, getting an expensive apartment, going out to eat every day, etc. With social media, trying to keep up with friends and our consumer mentality, we fall into a trap of overspending on things we don’t really need to keep up appearances. It’s okay to live comfortably, but don’t live beyond your means. Discover more info at Money Management.

If you’re contributing to a retirement plan and a savings account and you can still manage to put some money into other investments, all the better. Employment benefits like a 401(k) plan, flexible spending accounts, medical and dental insurance, etc., are worth big bucks. Make sure you’re maximizing yours and taking advantage of the ones that can save you money by reducing taxes or out-of-pocket expenses. Too many people are talked into paying too much for life and disability insurance, whether it’s by adding these coverages to car loans, buying whole-life insurance policies when term-life makes more sense, or buying life insurance when you have no dependents. On the other hand, it’s important that you have enough insurance to protect your dependents and your income in the case of death or disability.

Side Hustle to Make More Money: Are you happy with the amount of money you’re taking home each year? If you’re like most of us, a little bit of extra cash each month could go a long way. So, why not start a side hustle to supplement your income? Don’t worry. You don’t have to sacrifice all of your free time to start a successful side hustle. One of the big advantages of side hustling is that you can do it when you want and as much (or as little) as you want. The best advice I can give you is to start. Use any extra time you can find and make a little bit of progress every day. Soon you’ll be addicted to the side hustle lifestyle. So, how much money can you really make with a side hustle? Well, that’s the other awesome thing about side hustling, the income is virtually limitless. Since you’re not getting paid by the hour or a set salary, it’s really up to you to decide how much you want to earn. The more you feed your side hustle, the more it grows. Source: http://aspiretomoney.com/.

Issac Qureshi operates as a Trust Taxation Specialist supporting selected enterprises in the medical, property and wider business sectors, protecting their wealth and providing diverse tactics to help businesses save on their annual tax bill. Issac Qureshi is a persistent and determined executive with academic background which has spanned important institutions such as the London School of Economics and University College London, where he earned multiple degrees that have set the scene for his knowledge in the fields of Trust Law and Taxation.

Isaac Qureshi is a top rated London tax adviser who helps individuals, professionals and organisations save money on their tax bill, while making sure that the strategy is fully compliant with the current UK tax regulations. As a seasoned business owner himself, having taken his first company public in a multi million pound flotation. And still heading his second startup, taxation and wealth management advisory firm, Ogilvy & Haart, in the role of Non-Executive Director. Qureshi has extensive hands-on experience running and growing profitable businesses in the UK. This experience allows him a unique insight into the business world his clients operate in, and helps him tailor the best possible tax solutions for every individual client.

Planning your taxation under UK taxation rules can be complicated enough with income coming from a single revenue stream or salary. But when having to manage several sources of income, and make sure you get the most out of your tax plan by maximising your payment efficiency, things get really complicated. However, these complicated high income situations are exactly what Isaac Qureshi specialises on. He can help you get the most out of tour assets and income without overpaying on your annual tax payments.

If you have been involved in capital asset transactions, which counts the exchange or sale of stocks, bonds, securities, or other investments, and earned money, you will be subject to Capital Gains Tax (CGT). If you have lost money on said investments, you are equally eligible for tax deductions. So unless you are exceptionally say in UK tax rules, you will need to look for a tax adviser in the London area.

Issac Qureshi is an expert on Trust Law and Taxation, with 15+ years of experience as a tax advisor, dealmaker and business professional. He has negotiated multi million pound flotations and built companies bringing in six figure profits annually. A big part of getting those results is the right business and taxation strategies. And that is what Qureshi helps individuals and especially organisations around London do today. Simply relying on your accountant to manage your tax payments, and manage your wealth and assets, can be a fine smile solution as long as we are talking smaller figures. However, accountants are not trained or experienced in implementing wealth preservation strategies that are the only effective way to keep your wealth protected.

Should you hire a Trust taxation specialist in the UK? Hiring a trust taxation specialist in London or another major British city is no longer just for the super wealthy. Everyone with an income level that places them in the higher tax rate or earn income on dividend or their savings could be loosing a substantial amount of money every finical year due to inefficient tax planning.

As a taxation advisor, Qureshi has an overview of the larger context of your tax situation that only comes from having been in your shoes as a business owner for years. It with meticulous attention that he tailors tax strategies for his customers to their circumstances, rather than rely solely on his knowledge on tax law and current regulations. Isaac Qureshi is a tax professional who understands your situation as a business owner, and is willing to sit down with every individual client and listen to their income and taxation needs, before tailoring the optimal tax solution with them. So if you want the best taxation strategy you can get, and the optimal tax plan and income protection, in full compliance with the laws and regulations in the UK, then you need a taxation strategy tailored to your individual situation — there simply is no one-size-fits-all when it comes to taxation.

As a Dealmaker in London, Issac Qureshi has been responsible for broking successful stock market flotations and market listings. He has managed multimillion pound budgets for international corporations, and has been in charge of the global rebranding of The Royal Bank of Scotland. He has gained a reputation as one of the best ddealmakerss in London, for working with big name organisations like Omnicom and TBWA. But his strategic thinking shows clearest in the way he took his own companies, Urban Logic and Ogivy&Haart, from startups to multimillion pound enterprises.

As a dealmaker in Yorkshire, Qureshi has helped medium sized to larger corporations, and even high income individuals and business owners, make better deals and business partnerships. He has helped businesses bring down their tax payments to a level that allowed them to grow and expand their operations. And worked out strategies for high-income individuals to safe-guard their savings and assets through financially difficult times, or to pas sit unto the next generation without the majority being shaved away by inheritance tax.

How can I reduce inheritance tax in London? Have you reached the age where you are beginning to think about what you will leave behind for your children or next of kin? Then you should also start thinking about how you best protect what you leave behind from being completely withered away by inheritance tax. If you have asked yourself the question; “How can I Reduce my inheritance tax?”, then you have come to the right article.

If you are a UK domicile your estate will be subjected to inheritance tax before your next of kin will receive anything. How much inheritance tax is charged depends on value of your estate. If your estate is valued over £325,000, 36-40% of the estates value will be charged before the remainder is handed to your next of kin. That means that if you leave your home to, e.g., a spouse or your children, and the property is worth less than £325,000, then they will inherit the property without having to pay 40% inheritance tax. But if the property is worth, e.g., £400,000, then they have to pay a tax bill of £30,000 when taking over the property.

When you have your savings (liquid assets) parked in a business or personal savings account, the low current interest rate means that your wealth is vulnerable to inflation. Simply because your income from interests is lower than the devaluation by the current inflation rate. Once your interests from your savings exceeds £5,000, not only will your savings be vulnerable to inflation, you will also be subjected to taxation. So if you have large savings sitting in savings accounts, you are most likely losing money at the moment and it’s not different with non-liquid assets. Profits, returns, and other income from property and other assets will be subjected to capital gains tax and other forms of extra taxation.