Not the sharpest move to be honest

It is almost time to submit the individual income tax return for 2023. Both my husband and I will receive more than $2,400 each. We have chosen not to adjust our income tax payments during the year in order to have a "hidden" saving.

Actually, it's one of the dumbest decisions you can make financially. The result is that you "lend" this money to the state almost for free for 6-18 months, depending on which month the tax belongs to and when you receive the actual payment.

As we own the limited company in which we are employed and therefore have to submit a number of attachments, our payment will be delayed by 6 months compared to if we had not had to submit these attachments.