Skip to main content
All Posts By

David Gregory

Financial Fitness

Tax efficient investments for Athletes

Tax efficient investments for Athletes. As professional athletes in the UK enjoy success and significant earnings, they must also focus on securing their financial future beyond their sporting careers. One crucial aspect of achieving long-term financial stability is optimizing tax efficient investment strategies. Fortunately, UK athletes have access to various tax-efficient wrappers that can help them minimize tax liabilities and…
David Gregory
August 3, 2023
Financial Fitness

Looking After the Health of Your Wealth

Looking After the Health of Your Wealth. It’s great that you’re mindful of your physical health. Now imagine the impact it’d have on your life if you also took similar care of your wealth. With the right support, you can make sure you’re in great shape in that way too. How to keep your finances as healthy as your body…
David Gregory
August 1, 2023
Client Stories

Why professional football players go bankrupt

Why professional football players go bankrupt. Sadly, this happens all too often as 40% of Former Professional Football Players go Bankrupt After Retirement.   Here Are the Personal Finance Lessons to Takeaway   ...This is a story of a professional football player named Jacob Smith. Jacob possessed immense skill and was highly regarded by his teammates and fans. He had…
David Gregory
July 7, 2023
Financial Fitness

How different forms of income are taxed for athletes

How different forms of income are taxed for athletes. Professional athletes in the UK generate income from various sources, which may all be taxed in different ways. Income might come from: Winning Income Sponsorship Income Image rights Endorsements Signing bonuses Career income Taxation of income for athletes It is essential to understand the taxation of income for athletes and payment…
David Gregory
July 5, 2023
Financial Fitness

Achieving Financial Independence for Sports Athletes

Achieving Financial Independence for Sports Athletes: Insights from the FIRE Movement. Financial independence is a goal that many people aspire to achieve, including sports athletes. The FIRE (Financial Independence, Retire Early) movement offers strategies and principles that can be adapted by athletes to secure their financial future and potentially retire at a younger age. This article explores the key concepts…
David Gregory
July 4, 2023
Financial Fitness

Achieving Financial Independence for Professional athletes

Achieving Financial Independence for Professional athletes. In the world of sports, achieving financial independence is a crucial goal for professional athletes. Professional sports provide a unique opportunity for athletes to excel in their chosen field and achieve financial success at a young age. However, it is crucial for these sportsmen and women to understand how to manage their finances effectively…
David Gregory
June 20, 2023
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
Close Menu