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Saving from tax
pizzasys
Posts: 2 Newbie
i am a new earner and would like to know how can i save my tax...pleaes help me.. i never even fiiled my it declaration forum as i am below tax..just for future purpose i would like to know different ways of saving tax
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i am a new earner and would like to know how can i save my tax...pleaes help me.. i never even fiiled my it declaration forum as i am below tax..just for future purpose i would like to know different ways of saving tax
ISA's are the main form of tax-free savings, although you cannot decrease the amount of income tax you pay, you can save money and earn tax-free income when you put this money into an ISA account (up to £5100 this tax year)
If you actually want to pay less tax, look at your pension options, you can make tax-free contributions to a pension which will then lessen the income liable for income tax (However I'm no expert in pensions, maybe someone else can advise!) :j0
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