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Strayed into higher rate band for income tax - inventive ways to get back to basic rate?

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  • Grumpy_chap
    Grumpy_chap Posts: 18,602 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Every suggestion seems to be around making additional pension contributions, via SS if possible.  That, to me, seems like the most obvious way of seeking to reduce income tax banding.

    The OP's title is looking for inventive ways to keep within the basic rate threshold, so may not just the most obvious solution.

    Here are some alternatives:
    • Make gift aid donations
    • Take extra (unpaid) time off work
    • EV via SS if available 
    • Ensure that any allowable expenses have been claimed and set off against income.  Professional fees, uniforms if not provided by employer, mileage AMAP exceeding actual mileage rate paid by employer, work from home allowance if eligible, sometimes a percentage of union fees, laundry fees in some cases, PPE if not provided by employer
  • Vitor
    Vitor Posts: 866 Forumite
    500 Posts First Anniversary Photogenic Name Dropper
    Cycle-to-work schemes, company car leases (if ultra-low emission), additional annual leave purchased via salary sacrifice. These reduce P60 pay, but the scope is limited.
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