Having had to categorise myself to read Monzo’s latest prospectus, it turns out that I’m a ‘High Net Worth Individual’ as I earn over £100k/year.
It’s been something on my mind for a while now given that a 5% or 10% pay rise at work doesn’t haven’t the same impact on my take home pay as it used to given that most of it goes in tax … so I need to change mindset a bit about how I can more efficient around my take home value (e.g. asking for extra pension contributions perhaps or a travel bursary rather than a direct pay rise).
I guess over the last 12 months though I’ve come to realise that I’m really naive in this area. So how do you suggest I learn about being more tax efficient? Are there specific books/podcasts/websites that I should look at?
Thanks in advance!