Take more of your income home
For a lot of us, taking care of ourselves and our family means providing as high a standard of living as possible with the income we have available. Unfortunately, our tax obligations can often get in the way of that.
But with careful personal tax planning, you can reduce your personal tax bill. As tax experts, we can help you with that, advising you on some of the best ways you can reduce your personal tax burden.
For instance, you could make pension or charitable contributions to reduce your income tax liability, or give away gifts during your lifetime to escape having to potentially pay inheritance tax on their value.
You can also take advantage of your personal allowances to reduce your tax bill. For example, directors who extract profits from their companies as dividends will pay dividend tax at lower rates than income tax.
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