The Adam Smith Institute calculates that on Tax Freedom Day the average Briton will have earned enough money to cover all the income tax, National Insurance, VAT, fuel duty and other taxes that they owe in 2015.
But wouldn't it have been nicer to have spent May, and even April, working for yourself, too? There are simple steps to bring forward your own Tax Freedom Day, including moving your investments into individual savings accounts to take advantage of the increased annual allowance of £15,240. According to figures from unbiased.co.uk, £104m in stocks and shares investments is not held in Isas.