ways of joint income tax liability

[bharti]

what are the ways of reducing tax by the means of reducing joint income tax liability

[Huw Williams]

This is an enormous question and the answer could fill books.

However, to start simply, make sure you are using the tax breaks the government gives. So use annual ISA allowances to avoid income tax on some interest or dividend income.

Pensions are taking a hammering at the moment, but there is still considerable tax relief on putting money in.

If you have investments outside PEPs or ISAs make sure you are using your annual CGT exemption with judicious sales.

If you want to know more, you probably need to talk through your personal cicumstances to come up with a suitable plan for you.


Huw Williams
enquiries@huwwilliams.co.uk