The April 2010 commencement date for the 50% income tax rate for higher earners is fast approaching.
This increased rate, together with the reduction of the basic personal allowance and the removal of higher rate income tax relief for pension contributions, will significantly increase tax costs for many professionals.
The good news is that there is still time to act and to consider whether there’s anything which can be done to mitigate the effect of these tax increases. But you do need to take steps soon!
At our forthcoming seminar, our tax and wealth management experts will discuss the following, to help you plan effectively to manage your overall tax bill:
- A 50% income tax rate – what can be done?
- Getting the basics right
- Protecting your wealth
- Changes to the pension rules for higher earners
- The specific tax planning opportunities available to Partnerships
Breakfast will be provided.