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David Gregory

Financial Fitness

Difference between Playing and Commercial Income in football

Understanding the Difference Between Playing and Commercial Income in Football. This article aims to provide a comprehensive understanding of the difference between playing and commercial income in UK football, with a focus on image rights. It explores the legal structures, tax considerations, and the potential benefits of setting up image rights companies (IRCs) for footballers. In the realm of professional…
David Gregory
June 19, 2023
Financial Fitness

How to safeguard Athletes Income

How to safeguard Athletes Income. For professional athletes in the UK, safeguarding Athletes' income is crucial, especially considering the potential risks associated with their careers. Fortunately, there are several protection policies available to athletes that can provide financial security in case of career-ending events, injuries, or illnesses. This article will explore the importance of these policies and how athletes can…
David Gregory
June 16, 2023
Financial Fitness

How Professional Athletes Can Utilise Venture Capital Trusts

Professional athletes face unique financial challenges not just to do with the sport they play. This may include managing significant income, planning for an early retirement and sustaining the lifestyle they’ve become accustomed to. One effective strategy for these athletes to build a sustainable income stream, is to consider is utilising Venture Capital Trusts (VCT's). VCTs provide a tax-efficient investment…
David Gregory
June 13, 2023
Financial Fitness

Utilising Limited Company Structures for Racing Car Drivers

Professional racing car drivers in the UK can utilise limited company structures to manage their winnings and sponsorship income efficiently. By establishing a limited company, drivers can benefit from various tax advantages and have greater control over the distribution of their income. This article will outline the process of setting up a limited company and discuss the tax benefits associated…
David Gregory
June 9, 2023
Financial Fitness

Preparing for Early Retirement at Age 30: A Guide for Professional Athletes in the UK

Preparing for early retirement is crucial to ensure a smooth transition and financial security in the long run. Retirement at age 30 may seem unconventional, but for professional athletes, it is a reality they often face due to the physically demanding nature of their careers. Athletes can take specific steps to prepare for early retirement, including investing via regular contributions…
David Gregory
June 8, 2023
Financial Fitness

Financial Planning for Professional Sports Athletes: A Comprehensive Guide

Financial planning plays a crucial role in the lives of professional sports athletes, particularly those between the ages of 16 to 30. As they navigate their careers, athletes must ensure their wealth is effectively managed, considering various factors such as investment strategies, sponsorship income, retirement planning, tax planning, endorsements, and the use of limited companies to house image rights and…
David Gregory
June 7, 2023
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