Salary sacrifice to minimise your tax bill
Make use of salary sacrifice to minimise your tax bill. Simply put, you forgo salary for certain tax free benefits (childcare vouchers, lunch tokens and the like) and it can add up to hundreds of pounds each year. I’ll be looking at these ideas in greater depth in a future walletwatcher. There’s an HM Govt site dedicated to the Salary Sacrifice scheme, check the site out to help cut tax bills.
Related links: HM Revenue & Customs guidance, Salary Sacrifice FAQs, Salary sacrifice guide for working parents
Tags: Salary Sacrifice, lower tax bill, minimise tax bill, cut tax bill
