If you invest in the wrong assets, you'll pay twice as much tax

Investopoly · May 25, 2018 · 5m

The ultimate aim of investing is to build wealth. Current and future tax liabilities can have a significant impact on your ability to build wealth. Simply put, the less tax you pay, the more money you keep for yourself. Therefore, taxation is a major consideration.That said, tax consequences should never drive investment decisions alone. Tax is one of many considerations so its important to not become too tax focused. Balance is the key here.Income versus capital gainMost growth assets provide a combination of income and capital growth.Income is taxed at your marginal tax rate (which is 39%…