George is 29 years old and has a highly paid job in the City. He...

80.2K

Verified Solution

Question

Finance

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 Georges 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.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students