28 - Let's talk about tax Harry!

In the week that Prince Harry and Meghan Markle announced they want to step back as senior royals and become financially independent, Marc Shoffman and Joshua Gerstler explain what the pair and others need to know about income tax.What is a tax band?Why do we pay income tax?What are the different income tax rates?How to reduce your income tax billHow a round of beers explains how the tax system worksShow linksHere are some links to subjects we discussed in this week's show so you can find out more.Tax ratesBeer and income taxAbout usThe In For A Penny podcast is produced and presented by freelance personal finance journalist Marc Shoffman and The Orchard Practice financial planner Joshua Gerstler.Each episode aims to address the confusing concepts and challenges from the world of business, finance and wider society.How to leave a reviewApple devices:Launch the Apple Podcast app on your smartphoneSearch for the In For A Penny PodcastClick on the artwork and tap the reviews tab to leave feedbackTap on the stars to leave a ratingClick sendYou may need to sign in to iTunes to do thisAndroid devices:Download the Podbean appSearch for the In For A Penny podcastLeave a review via the comments tabYou can also comment directly on our Podbean profile on a desktop computer@marcshoffman@joshgerstler@inforapennypod1 Support this show http://supporter.acast.com/inforapennypodcast. Hosted on Acast. See acast.com/privacy for more information.