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PAYING tax is important – but there are ways to earn up to £43,590 extra this year without giving a penny to HMRC.

By making money from hobbies or renting out a driveway, you can reduce your tax burden and keep hold of more of your hard-earned cash.

We explain how to earn up to £43,590 extra this year without giving a penny to HMRCCredit: Alamy

This is because of the tax-free allowances attached to these types of income, which you can take advantage of each year.https://3faa024efaa2cefd986534d7048872dd.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html?n=0

Meanwhile, the new tax year started today, April 6, and it comes with an increase to some allowances too, meaning you can earn even more tax-free.

The income tax thresholds will then be frozen until 2026, Chancellor Rishi Sunak announced in the Budget on March 3.https://3faa024efaa2cefd986534d7048872dd.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html?n=0

Below we explain how to reduce your tax burden.

Personal allowance – £12,570

The personal allowance is the amount you can earn tax-free each year.

In the current tax year running from April 6, 2021, to April 5, 2022, the standard amount is £12,570 – up from £12,500 in the previous tax year.

It will then stay at that rate until April 2026.https://3faa024efaa2cefd986534d7048872dd.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html?n=0

For basic rate taxpayers, the threshold will be held at £12,570 and £50,270 for higher rate tax payers.

Basic rate tax payers pay 20% on earnings over the lower threshold, while higher rate payers are charged 40% above the top threshold.

If you earn £12,570 or less, you currently pay no income tax.

Meanwhile, Brits who earn over £125,140 a year don’t get any personal allowance and will pay income tax on everything they earn.https://3faa024efaa2cefd986534d7048872dd.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html?n=0

You can calculate what your take home pay is depending on your salary by using MoneySavingExpert’s free online calculator.

Marriage allowance

Ghore

Cooking can sometimes feel like a chore at the end of a busy day. It’s often tempting to throw a ready meal in the oven or call for take out. But preparing a simple and healthy family meal doesn’t have to be hard or time-consuming. Here are some quick wholesome dishes that you and your family will love. They can even be prepared in advance.

Better than Poutine

I know, what could be better that a steaming plate of fries, gravy and cheese curd? Fries, gravy, cheese curd and bacon, that’s what! Throw in some fresh shallots, chilli, and a splash of roasted bone marrow and duck gravy, and we turn this popular French-Canadian dish into a something sublime.

Breakfast at my House

During the week we’re often walking out the door with a coffee in one hand and slice of toast in the other, but on weekends breakfast is never rushed. It’s a late affair, sometimes spilling over to lunch, with lots of reading and chatter in between courses of fruits, poached eggs, honey and toast. One of our favorite things we like to serve when friends are visiting are buckwheat blueberry pancakes.

Roasted Pumpkin Soup

There’s nothing better than a warm bowl of pumpkin soup on a cold autumn day. Combine your roasted pumpkin with some onion, garlic, vegetable broth, and a few spices, and give it some time to simmer away. Pair it with a few slices of fresh bread to turn it into something sublime.