How To Pay Less Tax In The UK (LEGALLY!)

If you’re based in the UK and have at least one form of income, then you've probably noticed the sizeable tax bill on your payslip at the end of each month, which is only going to get bigger as personal allowances reduce & tax rates rise.

In times like these, it’s crucial that you act smart and use whatever legal means you can in order to reduce the tax you pay - so in this video, I'll be running through different allowances & methods that you can follow to pay less tax in the UK.

[chrisflux]

It is refreshing to listen to someone who is very clear and slow and steady in their delivery on YouTube. Thanks for considering the listeners. 👍🏻

[grasmi]

The best way to reduce tax paid in the UK is to move to another more favourable tax jurisdiction.

[MrEdrftgyuji]

The issue is the "soft cap" on income, meaning most people won't be able to earn more than £3k a month.
Meanwhile, we live in a country where £500k houses are considered "cheap".

[diogopaiva]

Hi Jason, thanks for the video. My suggestion for another video is to explain further on Limited company tips to pay less tax, like what what would be the most efficient way to pay yourself and give a lot more examples of what you could put as an expense

[InkTONKSicated]

I think this is the first time I've watched someone explain tax etc and I've understood it. Thank you

[Zaratariq]

I just want to add for small business operating as a sole trader is better as you can get 12, 570 PA while in case of Limited company you don’t get any secondly all the business related expenses can be claimed in case of self employed.
Correct if am saying something wrong

[delebabade]

Well done…clear and easy to understand

[mw]

Lifetime ISAs should be available to people of any age. This was an ageist policy by the Tories

[kittywhiskersify]

Great stuff Jason. Appreciate you for sharing this info.

[dWDyzGgWvkoa]

Here is how you pay less tax in the UK .... you pack your bags and leave !

[mariembuenaventura]

What if I'm planning to only work in UK for like 10years?
That means I'll pay 10years of pension but wait to get to atleast 55years old and withdraw?

[chrisberry]

Good stuff but just a couple of points. Firstly, I trade not in a ltd company but as a sole trader and I can put all the items that you mentioned against tax. Im talking fuel, a proportion of my home expenses etc. Secondly you can take a pension before you retire.

[nakkoe]

We pay absurd amounts of tax as the country needs to pay interest on the artificial debt printed into existence by the private central bank who then borrows it to the government by purchasing bonds.

[divyagurumoorthy]

What happens to my ISA and/or pension money if I decide to retire early or leave the country before the retirement age of 60... let's say at 35 years?

[samdelahunty]

thanks for the video @Janson, what is the name of the Online Accountancy firm you recommend there pls??🤔🤔
Cheers!

[keithclunk]

Major miss on the pension contributions. Pensions contributions consist of THREE parts, not TWO. Your contribution, employer contribution, and the tax relief from HMRC which adds 25% to your contribution. No, the tax relief is 20%, not 25%! . . No, it's 25% -~ Example: You contribute £240 per month, HMRC adds £60 per month - That is 25%.

[maridevskey]

Nice work! Thanks for sharing this. I have been helping people around the world to Incorporate in Georgia 🇬🇪 sincr 2017! Here you pay just 1% of tax

[dimitriblackburn]

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[patelparth]

How to Explain Spread Betting as a Hobby to HMRC ?

[Allforex]

so im abit stuck with limited businesses at the moment in terms of what can be considered tax back. im aware limited businesses pay a 19% tax rate and if im buying business expenses i get about 20% of that back too? If thats the case will there be much saving, also can a car be bought straight up and be considered business expense or does it have to be leasing?