Hoi Li’s Match Day: Arsenal vs Man Utd – 5 Strategies to Defend Your Salary Against the NRS
Happy Match Day, in-laws! Hoi Li here. This Sunday, the Emirates is going to be a battlefield. Arsenal vs Manchester United is a classic for a reason—high stakes, high pressure, and no room for mistakes.
But while you're shouting at the TV, the NRS (Nigeria Revenue Service) is playing a different kind of game with your January salary. If you don't have a solid "defensive formation," you might find yourself losing a huge chunk of your take-home pay to taxes you could have legally avoided.
1. The 'Park the Bus' Relief
Just like a team defending a 1-0 lead, you need to use every relief available. Ensure your HR has captured your Pension and NHF contributions. These are your "Center Backs"—they block a huge portion of your income from being taxed in the first place.
2. The VAR Check: ₦800k Exemption
If you're a junior staff or a freelancer earning less than ₦800,000 annually, the new 2026 Tax Reform is your VAR savior. You are 100% exempt from income tax. If your employer is still deducting PAYE, that's a "foul" in the box. Call for a review immediately!
3. Midfield Control: Rent Relief
Are you paying rent this month? Don't forget the **20% Rent Relief** deduction. It’s the play-maker of your tax strategy. Keeping your rent receipts can significantly lower your taxable income. Don't let that money slip into the "Tax Net" unnecessarily.
4. Tactical Sub: Japa Planning
If you're planning a "transfer" to the UK or US (Japa), don't leave your tax file open in Nigeria. It's like leaving your goal unguarded. Close your tax file properly to avoid future "penalties" when you try to renew your passport or clear items at the port.
Hoi Li's Match Day Tip:
Whether you're shouting 'GGMU' or 'North London is Red,' remember that the NRS plays 90 minutes every single month. Stay alert, use your reliefs, and make sure your January bank alert is a "Win" for your pocket! Enjoy the game!