Maximize your take-home pay by utilizing all available tax reliefs, allowances, and deductions legitimately.
Tax avoidance is legal; tax evasion is not. Here are five legitimate ways to ensure you aren't overpaying:
- Consolidated Relief Allowance (CRA): Ensure your employer is calculating this correctly (20% of gross income + N200,000).
- Pension Contributions: Voluntary pension contributions are tax-deductible.
- Life Insurance: Premiums paid on life insurance policies for yourself or spouse are deductible.
- National Housing Fund (NHF): Contributions to NHF are tax-exempt.
- Health Insurance: Costs for NHIS are also deductible.
Need specific tax advice?
This article is for informational purposes. For personalized calculations, use our free tools.