A beginner’s guide to (legally!) avoiding tax

You have to feel a little sorry for Rishi Sunak. When you have a wife as rich as Akshata Murty, just how do you keep tabs on all her investments, making sure that each one of them is properly declared as an interest in the House of Commons Register? The Prime Minister has suffered the embarrassment of being investigated by parliamentary authorities over an apparent failure to declare his wife’s holdings in a childcare firm Koru Kids, which potentially stands to benefit from changes in the Budget. Sunak previously nearly had his political career derailed thanks to revelations that his wife, who is an Indian citizen, was living in Britain as a non-dom – a status she later gave up. 

 But all is not lost for the rest of us. There are many ways in which we can – quite legally – minimise the taxman’s claim on our income and wealth, even if we are not married to a mega-wealthy foreigner.