Taxaction news

As part of our TaxAction 2016 campaign in partnership with Prudential, we bring you the ten top ideas for reducing your tax bill, as supplied by financial advisers listed at Unbiased. You don’t need a hedge fund to make your money grow fast – you just need to trim back the amount you waste every day

As part of the TaxAction 2016 campaign, unbiased.co.uk and Prudential have released a new guide. Find out how and why your pension is so effective at saving you unnecessary tax. In early 2016 the headlines were full of the Panama papers, amid speculation as to who had been trying to trim their tax bill. The irony is,

Stop the Press: David Cameron’s mother gifted him £200,000 in a possible bid to avoid inheritance tax. But what we demand to know is this: why don’t more people do the same? The non-story of the week was the revelation that David Cameron may not have to pay inheritance tax (IHT) on a £200k gift

You could try funnelling your income through a labyrinth of offshore companies… or you could just open ISAs, pay a little bit more into your pension and take a few other simple measures. Believe it or not, reducing your tax bill can be dead easy, and it doesn’t have to risk the wrath of HMRC.

As our TaxAction 2016 campaign gathers pace, we drop in on a typical affluent household somewhere in England… and catch them in the middle of some very odd behaviour. Sally calls from the kitchen. ‘BRYCE! The bin bag needs changing!’ Bryce, in the study upstairs, is losing a fight with a self-assembly filing cabinet. ‘Maybe

This year the UK public is set to waste around £4.6 billion in unnecessary tax. A similar figure was frittered away last year. Why is this happening, and is there anything we can do reduce this waste? The unbiased.co.uk and Prudential campaign TaxAction 2016 launches today, in a bid to do just that. If asked

They should really offer classes in tax at school – after all, it affects everyone. But perhaps the government doesn’t mind if you accidentally pay more tax than you need to? You, on the other hand, definitely should mind – so Ajay Naik of Bankfield is back with another valuable lesson. (If you missed part

Pensions Minister Steve Webb has proposed a new flat-rate of tax relief on all pensions. It might be unwelcome news for higher and top rate taxpayers – but would be very exciting for everyone else. Here’s why. You pay in £2. The government adds £1. It sounds both good and simple. And it could become

The amount you can put into your pension and still claim tax relief is now just £40,000 a year, but you can still benefit from a higher annual pension allowance with some careful planning.