Reducing tax

englandbaby

Hi
Some of you lovely people helped me out with some salary/tax queries last week and it appears I am now just over the higher rate tax band.
Someone suggested increasing my pension contributions to reduce my tax. Can anyone advise if increasing childcare vouchers, sharesave, partnership plans etc also decreases my tax?
thanks
C

englandbaby

Can anyone advise please?
thanks

InsideInsurance

To the best of my knowledge, which may be wrong, anything that comes our of the gross income and isnt considered a BIK will reduce your tax liability but anything that comes out of the net pay or is subject to BIK will not reduce your tax.

So, childcare should work, sharesave wont and dont know what "partnership plans" are to comment

xylophone

http://www.money.co.uk/article/1008492-changes-to-child-benefit-how-to-keep-your-payments.htm
http://uk.practicallaw.com/9-107-4444
might be worth a look.