In this episode, we delve into the MAJOR importance of financial literacy and education. We explore income tax, National Insurance contributions and highlight the benefits of employer schemes like pensions.
Key Points:
- Start financial education with an understanding of income and taxes.
- Recognise the distinction between income tax and National Insurance contributions.
- Knowing your tax bracket aids in financial planning.
- Explore employer benefits like pensions for long-term financial security.
- Utilise workplace pensions for employer contributions and tax benefits.
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