Sterling Effort

Infographic: Ways to save on your tax return

October 23, 2012 by Ash in Tax with 18 Comments

The key to financial success is to spend less money than you make and then reinvest that retained cash in further money making opportunities. Creating this cash surplus is achieved by two main methods: cutting your expenses and increasing your income. One of the biggest and often most hidden expenses is tax. It comes in many forms and there are numerous ways to ethically and legally limit your tax liability. Today, we proudly bring you this excellent infographic which explains the key ways you can save money on your tax bill. You’re welcome!

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  1. DrewOctober 23, 2012 at 6:56 pmReply

    That saved a LOT of time not having to trawl through all the small print of individual tax guides, what a valuable info-graphic.

    • MoneySavingChallengeOctober 23, 2012 at 7:40 pmReply

      Agreed. Am just reviewing my tax return at the moment, so this is very pertinent for me. Nice little checklist of things to consider.

      • AshOctober 23, 2012 at 7:50 pmReplyAuthor

        That’s great. I’m glad people are finding it helpful. You’re doing yours much earlier than me. Is it because the postal deadline is soon or because you’re super organised. I do it electronically, at the last minute lol

        • MoneySavingChallengeOctober 23, 2012 at 9:12 pmReply

          No it gets returned electronically, just have an efficient accountant in my corner :)

    • AshOctober 23, 2012 at 7:48 pmReplyAuthor

      Indeed. I love it! I’ll be using this. There are a number of things on there that I don’t do, some that I should be doing and some to think about for the future.

  2. maria@moneyprincipleOctober 23, 2012 at 7:41 pmReply

    This is good – using indographics saves so much time. Even better – it is all so that one can see it and remember it.

    • JayOctober 24, 2012 at 3:02 pmReply

      I always find visual aids help me more than just a bulleted list or a bunch of plain text. Glad you found it useful Maria!

  3. Jamie DickinsonOctober 25, 2012 at 6:35 amReply

    Great infographic guys! Would it be possible to use this on my site at all? Of course with big fat ass link back to you guys!

    • AshOctober 25, 2012 at 9:25 amReplyAuthor

      Glad you like it! Sure thing, as long as you link back to this page so the sponsor receives the benefit from it too :) Thanks!

      • Jamie DickinsonOctober 25, 2012 at 10:14 amReply

        Cheers Ash you are a gentleman and a scholar! Will post a link when it’s up!

        • JayOctober 25, 2012 at 6:11 pmReply

          Glad you enjoyed the infographic Jamie!

  4. Savvy ScotOctober 25, 2012 at 9:43 amReply

    Going to join the crowd and say GREAT INFOGRAPHIC GUYS!! Love this

  5. KeithOctober 25, 2012 at 10:44 amReply

    Terrific graphic! Like you, Ash, I’m a last-dash electro-submitter (which sounds like an 80s synthesizer)… but there are things here I didn’t know about purely through not being in the position to consider them. There’s little chance of me renting my single bedroom out to anybody else, for example, but £4K+ is a healthy relief on rental income. It’s an impressive list, and I’m sure this will be invaluable to many!

    • JayOctober 25, 2012 at 6:14 pmReply

      Keith, Jay here. thanks for the comment. even with our finger right on the pulse here these graphics still teach us stuff we didn’t know! Hence why we get so excited about sharing this stuff with all you guys.

      Even though you may not be in the position for these to be useful right now, the info may come in handy in the future!

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  8. Rosie Slosek @1ManBandAcctsDecember 28, 2012 at 4:54 pmReply

    Cracking list. I’ve tweeted, LinkedIn updated and Facebooked this out.

    • JayDecember 29, 2012 at 11:57 amReply

      Thanks Rosie! Glad you have found it useful.

      Hope you had a good Christmas!

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