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10 ways to cut your income tax bill

Wednesday, June 22, 2011 | Posted by: Mike Hyland
Categories: Protecting your wealth | Tags: tax, tax planning, income tax, income, reduce, Mike Hyland, minimise, strategies, savings

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The top rate of income tax of 50% is the highest since 1988. Coupled with the 1% hike in National Insurance rates from 6 April 2011, the bleak picture for higher earners is that what ends up in their wallet or purse can be significantly less than half of what they earn. Here are 10 suggestions for how to avoid paying too much tax.

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Money savers: Ways to cut your tax bill in 2011

Thursday, January 06, 2011 | Posted by: Fiona Cullinan
Categories: Business, Personal, Protecting your wealth | Tags: tax, entrepreneurs, tax planning, property, inheritance tax, CGT, Sue Knight, income tax, IHT, pensions, income, debt, reduce, pilot trusts, minimise, capital gains, strategies, savings, personal

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Don’t miss our excellent money-saving series from Sue Knight, Director, Tax. Here’s a roundup of her posts on strategies for reducing your income tax, capital gains tax and inheritance tax burdens.

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Income tax strategies for high earners and entrepreneurs

Thursday, December 09, 2010 | Posted by: Sue Knight
Categories: Business, Protecting your wealth | Tags: tax, tax planning, property, capital gains tax, CGT, Sue Knight, income tax, pensions, income, reduce, investments, minimise, strategies, savings, personal, Finance Bill 2011, wrapper

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The publication of draft clauses for the Finance Bill 2011 is imminent and no doubt there will be opportunities for some and disappointment for others. One thing is certain: the 50% income tax rate for those with incomes over £150,000 is likely to be with us for the foreseeable future, putting income tax reduction on the agenda for many. Although it has been interesting to hear a number of politicians from different parties talking about it as a ‘temporary tax’.

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Advanced strategies for reducing your IHT bill

Thursday, October 14, 2010 | Posted by: Sue Knight
Categories: Protecting your wealth | Tags: tax, entrepreneurs, tax planning, Sue Knight, IHT, debt, reduce, inheritance, pilot trusts, minimise, strategies, BPR, personal

Using one of the search engines to find information on inheritance tax (IHT) will bring up some simple steps to reduce it, but once these are exhausted what other ideas are available?

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Eight ways to reduce your CGT bill

Friday, August 20, 2010 | Posted by: Sue Knight
Categories: Protecting your wealth | Tags: tax, tax planning, capital gains tax, CGT, Sue Knight, reduce, strategies, minimize

The capital gains tax (CGT) changes in the Emergency Budget have been covered

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