DLPMaybe
Established Member
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- Mar 16, 2005
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There is an article in today's mirror regarding ways to save paying tax:
http://www.mirror.co.uk/news/tm_obj...e=10-ways-to-cut-your-tax-bill-name_page.html
The point that intestest me is:
Is this possible if you get paid through PAYE? I thought you could only do this if you set up your own company and paid yourself through this.
http://www.mirror.co.uk/news/tm_obj...e=10-ways-to-cut-your-tax-bill-name_page.html
The point that intestest me is:
5 PERSONAL TAX ALLOWANCE
A HIGHER rate taxpayer can save tax by transferring money into a lower earning - or nonearning - spouse's name.
Almost £230million is lost every year in this way as the tax liability on the switched savings would be lower or non-existent.
Also check your tax code, to make sure you're not paying over the odds.
Is this possible if you get paid through PAYE? I thought you could only do this if you set up your own company and paid yourself through this.