TaxPlanUK 2011.01
AX AVOIDANCE is making genuine changes to your financial arrangements, which, as a by-product, results in legally paying less tax.
TAX EVASION is misrepresenting your financial arrangements, to pay less tax. (monetary value of, ownership of, true source of income etc..) This is illegal and you must not do it.
TaxPlanUK helps you with TAX AVOIDANCE. By making better use of your own and your partner's tax thresholds you can keep more of your hard-earned money to yourselves. Income tax, capital gain tax, they all have free thresholds and higher rate thresholds. ISA's & pensions are another free source of putting your money to work without paying tax on it. Company vehicles, depending on their CO2 emissions, can be an unnecessary and unexpected tax burden.
A) Fill in your financial information. Click on the "SAVE ME TAX" button. Sift through the results to see if any of the suggestions are practical and attractive to you. Move money/make changes as appropriate (it doesn't save you any money unless you do this final stage)
B) Try "what-if's" of your own: What-if you work 3 day a week and your partner works 2 to share childcare? What-if you upgrade to a performance company car? What if you retire early with a lump sum? You might be better off than you expect. Then make changes to your lifestyle as appropriate (it doesn't save you any tax unless you do this final stage)
