This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Higher personal allowance

Kosher
Posts:29
Joined:Sun Dec 10, 2023 8:55 pm
Higher personal allowance

Postby Kosher » Sun Apr 13, 2025 7:41 am

On top of my state and private pensions I have income from self employment and private lettings income. I only use part of the extra £6,000 of savings allowances. If I was to make loans to my businesses and charge interest to them. Could I utilise part of these allowances and reduce my profits?

Return to “Income Tax”