Tax dodge of the week: paired up? Then pay less

According to Independent Financial Advice Promotion, couples unnecessarily hand over £224m of tax to the Inland Revenue each year.

According to Independent Financial Advice Promotion, couples unnecessarily hand over £224m of tax to the Inland Revenue each year.

Take income. Many types of income can be shared between a couple from pensions and savings accounts to property and shares to double up the £5,435 personal allowance (the amount of income someone under 65 can earn tax-free).

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