UK INCOME TAX OPTIMIZATION

[TheAverageGuy]

So the fiscal year is ending for UK residents.
This year me and my wife took around 20k each of dividend from our company, part of those dividends will be taxed at 7.5%.
Because we don’t need this money at the moment I would like to know if there is some investment (ISA?) that we can apply or some other optimisation that you would like to suggest. We will need to have those money available in a year or so, I’m already thinking about to invest them on stock market or why not btc and use the capital gain allowance to recover the income tax that we will need to pay on them but because I’m not expert I would like to hear other members experiences.

Regards.

 

[Martin Everson]

Have a read of the below thread.

Is it possible to operate an offshore company while avoiding corporate tax residency in the UK?

Hi, I'm a crypto trader in the UK and I would like to setup an offshore company in a zero corp tax jurisdiction. I don't mind paying income/dividend tax in my home country but I would like some control over what my taxable income in the UK is i.e. I don't want to be taxed on the entirety of my...

www.offshorecorptalk.com

You will need to speak to a UK pension advisor or company like Canada Life. A plain cash fund held within a corporate pension plan can be effective for optimization.


In Mentor Group I gave a slightly more detailed answer.

https://www.offshorecorptalk.com/threads/best-tax-strategy.29734/#post-135981