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Wales Online
Wales Online
Phil Norris

How can I reduce the amount of tax I pay?

When things are tight, the balance between what comes in and what comes out of your bank account is crucial. And while workers don't always think about it, a huge amount of money is taken from our pay packets every month in tax.

The amount of tax we pay has been thrown centre stage as the cost of living crisis hits, with more financial pressures to come in April. National Insurance rises, and soaring inflation and petrol prices is combining with huge increases in gas and electricity bills.

The Government has taken action to help households with a £150 council tax rebate, a £200 'loan' to help with gas bills, and lifting the national insurance threshold. But millions of people are going to find the coming months a struggle.

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