Don't Miss Out On These Tax-Saving Tips Before April ; It's Five Weeks to Year-End, so Now's the Time to Act
Mail on Sunday › February 27, 2011
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Summary
THERE are just five weeks to go before the tax year ends on April 5, giving savers, employees and couples a final chance to capitalise on annual allowances and tax concessions.
Tax rises in the pipeline mean there is extra incentive to make the most of your allowances this time. Financial Mail highlights six tax-saving opportunities for these final six weeks:See the full content of this document
Extract
Don't Miss Out On These Tax-Saving Tips Before April ; It's Five Weeks to Year-End, so Now's the Time to Act
ASSET SWITCHING
SWITCHING savings or investments between husband and wife or civil partners can reduce a couple's overall tax exposure.Everyone is taxed on their own income but also has a personal allowance - the portion of income you can earn before tax. This is currently Pounds 6,475, rising to Pounds 9,490 at age 65 and...See the full content of this document
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