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Neat guide on how to live a tax free existence
birdlip
Posts: 33 Forumite
in Cutting tax
"The UK Government actively tries to steer your behaviour by offering tax breaks and tax free allowances. Exploit these incentives to maximise your personal gains"
"For a couple, there is an annual tax free allowance pot worth £30780 to exploit, excluding any money made from trading property, cars or possessions. Build up a fully ISA-wrapped shares and funds portfolio and draw down from it tax-free. This is not tax avoidance - this is simply making full use of the goverment's incentives. You can then choose which causes to distribute some of your money too - without the government dictating it - so the non-profit sector does not lose out."
Here's the detail:
http://playthesystem.co.uk/government.aspx
"For a couple, there is an annual tax free allowance pot worth £30780 to exploit, excluding any money made from trading property, cars or possessions. Build up a fully ISA-wrapped shares and funds portfolio and draw down from it tax-free. This is not tax avoidance - this is simply making full use of the goverment's incentives. You can then choose which causes to distribute some of your money too - without the government dictating it - so the non-profit sector does not lose out."
Here's the detail:
http://playthesystem.co.uk/government.aspx
Is that a new blouse? It really suits you.
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