How to Legally Reduce Your Personal Tax Bill This Year

5 Legal Ways to Cut Your Tax Bill in 2024

Personal tax planning is essential for reducing liabilities while staying compliant.

Key Strategies:

• Maximise your ISA allowance of £20,000.
• Utilise pension tax relief (contributions up to £60,000 are tax-free).
• Consider marriage allowance for tax savings.
• Claim work-from-home expenses.
• First £1,000 self employed income tax free.

​Get personalized tax advice from UMC Accountants today.