Finances AbroadMaking the complicated simple!

Tax Avoidance is completely legal, and encouraged as a means to build wealth. It involves simply avoiding paying unnecessary tax and therefore minimising your tax bill. Think of it as bending the rules, not breaking them.

Saving into an ISA, for example, is a way of avoiding tax as you do not have to pay income tax or capital gains on that money. On a much grander scale it can mean paying an accountant or tax expert to exploit loopholes in the law to minimise your tax bill.

Tax avoidance is not illegal as long as you are open about it. However, it should not be confused with Tax Evasion which is completely illegal.

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