We've all heard of them, the "new" way to reduce how much tax each of us pay each month or each year. There always seems to be some "exciting" scheme that comes out that promises exactly this.
Working in my sector, I hear way too many stories about how people have been sold a plan which frankly relied on such a convoluted process that Einstein himself would have struggled to unwind and understand it.
Acronyms like EFURBS and EBTs are often thrown around by advisers as "legal" ways to reduce some element of taxation.
Firstly, I hate to be the bearer of bad news, but frankly most of these are absolute rubbish, or even worse - flat out scams.