Tax Saving Tips for 2020

Reducing your tax bill is an easy win for savers and investors for those looking for a financial New Year's resolution

James Gard 6 January, 2020 | 10:37AM

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Resolutions are everywhere at this time of year and reducing your tax bill is one of the easiest ways of ticking off something from the “sort my finances” list. The deadline for filing your self-assessment tax return online is January 31, 2020 and the end of this tax year is only three months away, so time is ticking for savers and investors.

Max Out Your Allowances

A simple start that experts recommend for reducing your tax bill is to use up your available tax allowances for the 2019-2020 financial year.

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About Author

James Gard  is content editor for Morningstar.co.uk

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