Other Investments
If you have an Individual Savings Account (ISA), a residential address is important for tax purposes so if you are planning to move abroad, you may not be eligible to carry on paying while you're away.
Instead, think about whether you want to keep your ISA while abroad, consider any payments that need attention before you move. In all else, get professional advice on your options to ensure you get the best return on your investments.
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Similar ideas to Other Investments
Save and Invest
You’ll only build wealth if you save a reasonable percentage of those earnings.
- If your employer offers a 401(k) plan, increase your contribution.
- Automatically send a portion of your money to your savings or investment accounts before you can spend it.
- Purchase a home ...
Spending your money
The best thing to do with your money during a recession is to pay off your credit card debt.
Paying off a credit card that charges 18% interest is equivalent to getting an 18% return on investment. You may not get that from most other investments during a recession.
Closing thoughts
Getting your taxes right is essential.
- That’s why it's recommended to get professional help calculating your tax bill if you have any doubts. This may be the case if you’ve been trading and not just investing.
- The tax implications of regular trading are much more complicated....
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