Thirteen tips for trimming your tax bill

With the Chancellor's new 50% income-tax rate on high earners, cutting your tax bill has never mattered more, says Tim Bennett. Here's how you can do it.

With share and property prices tumbling, protecting your wealth has rarely been trickier and now the Chancellor, Alistair Darling, has introduced a new 50% income-tax rate on high earners. Cutting your tax bill has never mattered more, says Tim Bennett. Here's how you can do it.

1. Make a will

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.