MTTM Podcast Episode 294 – COVID tax-trap, move house ASAP & investing for negative interest rates

1 min read Published: 01 Nov 2020

Episode 294 - In this week's podcast we discuss a potential tax-trap that is impacting self-employed workers and freelancers in the wake of the pandemic and provide some tips on how to avoid it. I also provide some insight into negative interest rates and what it could mean for your finances. Finally, with the stamp duty holiday due to end in around five months time, we give a few tips on how to sell your house quickly.

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Resources

The fleecing of the freelancers - Article by This is Money which inspired the tax piece

SA303 form - Reduce your payments on account

Time to pay arrangement - Pay your self-assessment tax bill in instalments

Estimate your income tax - Calculator provided by the Gov.uk website

Dividend Calculator - provided by itcontracting.com

5 ways to move house quickly