24/12/2025
*How to pay Less Tax in 2026*
Tax is not about money entering your account. Tax is about what that money actually is.
If you describe money wrongly, it may look like income, and you pay more tax.
If you describe it correctly, you only pay tax when required... and nothing extra.
Let me show you how you can use descriptions to minimise taxes legally
SIMPLE DESCRIPTIONS YOU CAN USE (LEGALLY)
1. Money that is NOT income (NO TAX)
Use these when the money is not payment for work or business.
SituationDescription to use:
1. When a Family member sends you money, they should write "Gift / Family support"
2. When a Friend pays you back your money, he or she should write:"Refund / Reimbursement"
3. When you move your own money to another account, write:"Personal transfer / Savings"
4. When someone lends you money, he or she should write: "Loan received"
5. If you put your own money into business, write: "Capital contribution"
These do not attract tax when they are true.
