Self-employed? 4 tips to help cut your tax bill
Nobody likes doing their tax return. But if you’re self-employed, in most cases you’ll need to do one every year.
Your self-assessment tax return isn’t just an opportunity to watch the tax bill mount up. It could also be an opportunity for you to cut your tax bill or reclaim any tax you might have overpaid.
In this guide we reveal four tips to help save on tax, including how to:
- Claim higher rates of pension tax relief
- Reduce your tax bill
- Claim back tax
- How to make tax returns less painful
This isn’t personal advice. Tax is a complex subject, so if you're not sure what’s best for your situation you should seek professional advice from a tax expert. Tax rules can change and any benefits depend on your circumstances. If you’re a Scottish tax payer different tax rates may apply.