Investing Tax Efficiently As A Higher Earner?
Tax avoidance by higher earners is something very few are able to tolerate. After all the wealthiest members of society can best afford their tax bill.
HM Revenue & Customs has made over 100 tax breaks available to the wealthy. Many of those are connected to them using their wealth to stimulate the country’s economic development, creating jobs and raising incomes. Or reducing reliance on expensive state-funded services such as care in old age. These tax breaks for higher earners and those lucky enough to have already made or inherited significant wealth have been devised by successive governments as win-win.
In total, there are around 80 efficiencies that can reduce income tax and 35 for inheritance tax. For the wealthy and high earners, not leveraging these legal, win-win tax efficiencies would be tantamount to financial mismanagement.
This article is for information purposes only.
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