Thanks to fiscal drag, in 2024 we are paying more income tax than ever before. In this video, I share 5 of the easiest ways to reduce your income tax bill, including the use of tax wrappers and timing your income and expenses if you are a business owner. I also cover one of the easiest ways to legally pay less inheritance tax.

TIMESTAMPS:
00:00 – Intro
00:42 – Pension contributions
02:22 – Lifetime ISA
04:50 – Cash ISA
05:56 – Timing of expenses
07:28 – Gifts

WHO AM I:
I’m Kiran, a qualified Accountant and experienced tax professional living in the UK. I make videos about finance, tax and investing.

MY FILMING GEAR:
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DISCLAIMER:
This content, and the ideas presented in it, are for education and entertainment purposes only. Kiran does not provide tax or investment advice. The information presented does not consider the financial circumstances of any investor, and therefore may not be suitable for all investors.
Although Kiran is an Accountant, no Accountant-Client relationship is established with the viewer in any way.

As an Amazon Associate I earn from qualifying purchases. The product links in the description are affiliate links. This means if you choose to buy something through one of these links, I may receive a commission on the sale, but it makes no difference to you as a buyer.

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