Do you really want to give the taxman £521,700?
It’s a lot of money, isn’t it? But, even before the current economic crisis, that’s how much someone earning £30,000 a year would have paid in taxes over their lifetime. While if you are lucky enough to earn more than £30,000, your lifetime tax bills will probably have been even higher.
However, because of the economic crisis, as the country starts to pay the billions to balance the Government books, your tax bills will almost certainly soar even higher still.
As a result, there is a tax bombshell about to explode.
Of course we all have to pay our fair share of taxes. But there’s no reason why you should pay more than your fair share of that tax burden, is there?
Unfortunately, paying more than their fair share is precisely what many people do… often without even realising it.
So, because we don’t want you to be one of them, here’s our up to date easy-to-use tax-busting checklist.
In just a few pages it reveals 70 powerful ideas to shave many pounds – perhaps even many thousands of pounds – off your tax bills.
Just think, even if you can only shave 5% off your tax bills, if you earn £30,000 a year that tiny 5% saving adds up to an extra £26,085 in cash to spend and enjoy during your lifetime.
And if your earnings are much more than £30,000 per annum then your savings could well be disproportionately higher – quite possibly as much as a 50% reduction in the tax you have to pay.
What could you do with that sort of money?
The TaxAbility checklist has been specifically designed to help you start to identify where and how to make these sorts of savings.
And it has been designed to take less than 25 minutes to complete. It could be the most profitable 25 minutes you’ll spend this year.
Once you’ve filled it in we strongly recommend that you discuss all of your “no” answers with your Chartered Accountant.
Of course, if you don’t have a Chartered Accountant, or you would simply like someone to give you a fresh perspective on your options, we would be delighted to help you.
Iain Wallis – Proven Tax Strategies For High Net Worth Individuals
