off-setting income tax

kdowling

i earn €85,000 per annum so i am obviously taxed at the higher income tax rate for a portion of that.
i understand that you can off-set tax with investments such as the BES scheme.
Are there many other ways you can off-set your tax rather than paying over 50%?!

MBateson

Pension contributions give relief at the marginal rate.

kennyb3

Film relief and pension contributions are the two most common ways

kdowling

Just did a bit of research on the film relief. sounds interesting.
I know no investment is risk free but this seems very low risk.
Are there many/any stories of investors losing there money on this?

dbran

Only if the film dosent go ahead. Most providers of this type of investment choose the films that they promote very wisely.

kdowling

dbran wrote: »

Only if the film dosent go ahead. Most providers of this type of investment choose the films that they promote very wisely.

Suppose you invest €50,000 (16,500 of your own money + the loan)
which would give you a net gain of €4,000.
now if the film does not get made does that mean that you lose your full 16,500 inveswtment or do you get the 16,500 back and just don't get the 4,000 net gain?

R0N BURGUNDY

http://www.thisismoney.co.uk/money/news/article-2115420/Surge-flight-footballers-facing-bankruptcy-film-property-investments-turn-sour.html