How To Raise Money Podcast

Don't pay tax! Hold on Nigel and Ray, that's illegal isn't it? Ok, let's say Don't Pay Tax when you don't have to!  Not paying tax when you have to pay tax is definitely illegal (it's called tax evasion). But paying tax when you don't have to, simply because you didn't set your affairs up correctly, is crazy, right? And if you could arrange things so that you DON'T pay tax then that would just be seen as sensible, yes?  In fact paying tax when you don't have to is often called a tax on being ignorant. Now tax is a really contentious issue and when you talk about (not) paying tax it provokes a vicious and often unwarranted outburst from many. But let's just take a calm and rational look at things shall we? If you feel at the end of this that the tax laws are wrong then please don't get angry, instead it should be your mission to get elected and change them! In this episode what we are talking about is what is often called 'Estate Planning'. In brief this is where you look long-term, beyond your lifet