12 Ways to Reduce Your UK Tax Bill | Tax Traps & How to Avoid Them | Harts Accountants

Harts Chartered Accountants tax experts Chris Bentley Steven Glicher and walk through the most common tax traps facing UK individuals and business owners — and 12 practical, legitimate strategies to reduce your tax liability. Webinar recorded on 21st October 2025, In this webinar you'll learn: ✅ What fiscal drag is and how it affects your tax bill ✅ How child benefit withdrawal creates effective tax rates of 60-70% ✅ The £100,000 income trap and how to avoid it ✅ 12 tax reduction strategies including pensions, ISAs, salary sacrifice and electric vehicles ✅ How timing and shifting income can reduce your liability ✅ Inheritance tax gifting rules explained ✅ The tax implications of going abroad 📞 01625 669669 🌐 harts-ltd.com 📧 info@harts-ltd.com —————————————————————— CHAPTERS —————————————————————— 0:00 Introduction & disclaimer 1:03 Harts online resources — LinkedIn, YouTube & Spotify 2:03 Upcoming events — Business Club & budget webinar 2:34 Budget predictions — audience exercise 3:51 Harts services overview 4:52 Making Tax Digital & Companies House ID update 6:41 What is fiscal drag and how does it affect you? 8:29 The scale of fiscal drag — 4.2 million extra taxpayers 9:43 Frozen thresholds — inheritance tax, gifting & dividends 11:47 Child benefit withdrawal — how it works 13:58 Effective tax rates of 60-70% for parents 14:23 The £100,000 income trap — personal allowance & childcare 15:38 Tax rates above £125,140 explained 16:02 12 strategies to reduce your tax liability 16:28 Strategy 1 — personal pension contributions 18:39 Strategy 2 — tax-free wrappers & ISAs 19:53 Strategy 3 — gift aid donations 22:12 Strategy 4 — consider refusing a pay rise 23:55 Strategy 5 — reduce your working hours 25:51 Strategy 6 — benefits in kind & electric company cars 27:12 Strategy 7 — salary sacrifice 28:01 Strategy 8 — timing of income and expenses 30:47 Strategy 9 — shifting income between spouses & family 32:16 Strategy 10 — bed and breakfasting & capital gains 33:43 Strategy 11 — making gifts to reduce inheritance tax 35:49 Strategy 12 — going abroad for tax purposes 38:11 Additional traps — electric cars HP vs lease explained 39:40 VAT threshold trap — the rolling 12-month rule 40:30 Q&A & closing —————————————————————— ABOUT HARTS ACCOUNTANTS —————————————————————— Harts are Independent Chartered Accountants and business advisers based in Macclesfield, Cheshire. We work with businesses and individuals across Cheshire, Stockport and South Manchester. 📞 01625 669669 🌐 harts-ltd.com 📧 info@harts-ltd.com #UKTax #TaxPlanning #FiscalDrag #IncomeTax #InheritanceTax #SmallBusinessUK #TaxTips #PersonalFinanceUK #CheshireBusiness #HMRC