The Tax Take

Pension contributions – despite tax changes – are always clever

5th July, 2015

If you want to reduce your income tax bill, the standard fall-back advice is that you should get married and start a pension. Both are more tax effective if you have yet to do either.

It’s a peculiarly Dickensian style of admonition, the kind of thing a patrician father might have said to an errant son several generations back. But it works. All else being equal, married persons may have more income tax credits and...

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