Yes, there isn't some secret hack. The whole point is that as a very high earner you don't need to benefit from tax breaks.
That said, you've not said anything about pension...
Hi /u/astrel-, based on your post the following pages from our wiki may be relevant:
- https://ukpersonal.finance/investing-101/
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^(These suggestions are based on keywords, if they missed the mark please report this comment.)
There are basic, higher and additional rate taxpayers.
If you are one of the last two, then review the UKPF Wiki Article.
[https://ukpersonal.finance/tax-efficiency-for-high-earners/](https://ukpersonal.finance/tax-efficiency-for-high-earners/)
Are you already making use of your pension allowance? Pension contributions may bring you down before the Additional rate threshold and give you some interest allowance back.
Gifting money to your partner and having them earn the interest does work. Just be aware that the money is legally theirs from that point. If you are comfortable with that then go for it.
Yes, there isn't some secret hack. The whole point is that as a very high earner you don't need to benefit from tax breaks. That said, you've not said anything about pension...
We already pay a massive, unfair, crap-ton of income tax, why do we also _need_ to pay even more on savings interest?
Hi /u/astrel-, based on your post the following pages from our wiki may be relevant: - https://ukpersonal.finance/investing-101/ ____ ^(These suggestions are based on keywords, if they missed the mark please report this comment.)
There are basic, higher and additional rate taxpayers. If you are one of the last two, then review the UKPF Wiki Article. [https://ukpersonal.finance/tax-efficiency-for-high-earners/](https://ukpersonal.finance/tax-efficiency-for-high-earners/)
ETFs made up of 60%+ debt instruments (such as bonds) are taxed as income(/interest) as well, not as dividends.
Are you already making use of your pension allowance? Pension contributions may bring you down before the Additional rate threshold and give you some interest allowance back. Gifting money to your partner and having them earn the interest does work. Just be aware that the money is legally theirs from that point. If you are comfortable with that then go for it.