Taxes: The System No One Explains

Broke: And How to Fix It

• Podcast Home
• Download Episode

Monday, 6 April 2026 - 49 minutes

You will pay over £1 million in tax across your lifetime. Most people leave school not knowing what National Insurance is, why they pay it, or what they're supposed to get back. And while you're handing over roughly 30% of your earnings before you see a penny, the ultra-wealthy are paying armies of people to make sure they pay as little as possible - legally.This week we're getting into the tax system: how it actually works, who it's working for, and why young people are getting one of the worst deals in it.Joining us is Caitlin Boswell from Tax Justice UK, who breaks it all down in a way nobody ever did in school. We get into why someone on a salary often pays more tax than someone earning the exact same amount through investments, how the tax system is quietly widening the generational wealth gap, and whether the "we're broke as a country" narrative is actually true or a political choice. We also get into the stuff that actually affects your life right now: side hustles, influencer income, the end of the tax year and what a fairer system would even look like.Plus, we've had six episodes of some of the most eye-opening money conversations around, and this week we're revisiting the best bits. From debt and bankruptcy to budgeting, investing and the gender wealth gap - we pull out the moments that hit different and the advice worth hearing twice.

Subscribe to this podcast

• Apple Podcasts
• Apple Podcasts
• RSS Feed