Unbiased.co.uk’s annual Tax Action report reveals a whopping £9 billion is set to be wasted in unnecessary tax payments this year - yet a massive 86% of consumers admit to doing nothing to reduce their tax burden. The largest areas for tax wastage are Tax Credits, where consumers stand to waste nearly £4 billion this year, followed by Inheritance Tax at nearly £2 billion. But how can we find out how to save money on tax, as well as take advantage of the tax breaks available to us?

To help make tax less taxing, unbiased.co.uk’s IFAs offer their top tips on tax here.

You can also log on to unbiased.co.uk to find a local IFA who can advise you.