Ten top tips for reducing your tax bill
Category: Reduce tax & Uncategorized
1. Pay into a pension scheme
Invest in a company or personal pension scheme and gain tax breaks on your personal pension contributions.
2. Maximise personal allowancesâŚ
Ensure that you are making the most of your tax-free personal allowance (PA). If your spouse or partner has little or no income, consider transferring income (or income-producing assets) to them to ensure that they are able to make full use of their PA. Any transfer must be an outright gift with âno strings attachedâ.