1. Become self-employed
2. Take earnings of say £5400 per annum so that you are below the tax threshold
3. Put all remaining income into a pension scheme.
Upside - you will be very rich when you retire
Downside - you will have a very boring life for many years trying to live on £103.84 per week. Possibly you may starve and/or be forced to live in a cardboard box.
OK, how about 85%. As above but you will have slightly more to live on OR you will need to spend 50% of your income each week on business expenses. Alternatively you could lie about your expenses, claim 50% of your income anyway and then expire early having worried yourself to death for many years about the prospect of being bankrupted by HMR&C when they find out what you have been doing.
OK, how about 80-85%. As above, but forget the expenses and use a dodgy offshore scheme instead - for more information about the wonderful financial incentives surrounding this scheme please see any threads on this site with BN66 in the title.
HTH
2. Take earnings of say £5400 per annum so that you are below the tax threshold
3. Put all remaining income into a pension scheme.
Upside - you will be very rich when you retire
Downside - you will have a very boring life for many years trying to live on £103.84 per week. Possibly you may starve and/or be forced to live in a cardboard box.
OK, how about 85%. As above but you will have slightly more to live on OR you will need to spend 50% of your income each week on business expenses. Alternatively you could lie about your expenses, claim 50% of your income anyway and then expire early having worried yourself to death for many years about the prospect of being bankrupted by HMR&C when they find out what you have been doing.
OK, how about 80-85%. As above, but forget the expenses and use a dodgy offshore scheme instead - for more information about the wonderful financial incentives surrounding this scheme please see any threads on this site with BN66 in the title.
HTH
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