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Financial Fitness

How Professional Athletes can leverage the 1% Rule

The Playbook for Financial Success: How Professional Athletes can Leverage the 1% Rule Introduction In the high-stakes world of professional sports, financial stability is a game-changer.For professional athletes, mastering the art of financial management is as crucial as perfecting their skills on the field. Enter the 1% rule, a strategy that's not just a financial compass but a playbook for…
David Gregory
December 1, 2023
Financial FitnessTop Tips and Tools

The Case for Athletes Establishing Image Rights Companies

The Case for Athletes Establishing Image Rights Companies. What is an Image Rights Company?   An image rights company is a legal entity established to manage and commercialise an individual's image and likeness. This entity acts as a separate commercial arm, allowing athletes to retain control over their brand and leverage it for financial gain. In the world of professional…
David Gregory
November 21, 2023
Financial Fitness

Navigating the World of Football Agents and Taxes

Welcome to our guide on 'Navigating the World of Football Agents and Taxes'. The world of football is highly competitive, and for young academy-level players in the UK, making it to the professional level is a dream come true. Along this challenging journey, one of the decisions players may have to make is whether to hire a football agent and…
David Gregory
November 7, 2023
Financial Fitness

Financial Planning for Academy Players: A Guide for Ages 16-18

Financial Planning for Academy Players: A Guide for Ages 16-18. Becoming an academy-level football player Being an academy player in any sport is a dream come true for many aspiring athletes. However, it's essential to recognise that a professional football career is often short-lived, and the financial stability of players largely depends on how they manage their earnings during the…
David Gregory
November 3, 2023
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
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
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