Self-employed? Here are four tips to cut your tax bill
Top tips to help save on tax
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. There are plenty of ways you could claim it back and save tax too.
In this guide we reveal four tips to help save on tax, including how to:
- Claim for a higher rate 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.