Getting close to THAT time again
I'm not looking for any detailed tax advice. Just some idea or a good link on this stuff!
I will see my accountant but would like to know how other people organise their tax here in advance so that I can discuss it with at least a little knowledge.
Basically I have my trading account in my wifes name as she earns 1/2 of what I make. We are both PAYE and having good returns this tax year, it will push her into the higher tax bracket.
Currently I re-invest all profits back into my capital and don't see that changing for a long time.
I think (know very little about this) that some options are Trusts, creating a company or superanuation. We already have super through the places we work so I guess a Trust or a Company could be used to save some tax????
Has anyone setup either of these that could say if it's a good idea or if one is better than the other.