George is 2
George is 29 years old and has a highly paid job in the City. He is an additional rate taxpayer and he would like to be more tax efficient with his investments. His gross total income is currently £190,000 p.a. He contributes £15,000 p.a. to a pension through his employer pension scheme and to a Stocks and Shares ISA another £1,000 per month. His expenses are £3,000 per month and he would like to invest most of his disposable income. He would like to put just £1,000 per month in his deposit account against his emergency funds.
Please calculate what is George’s net salary and recommend what options he has to invest his money in a tax efficient way? His Attitude to Risk is High and he is a long-term investor.
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