Implications of the new tax and pension regimes.
The 2009 Budget has introduced some painful and draconian changes by raising the top rate of income tax to 50% from April 2010 and restricting tax relief on pension contributions immediately.
The marginal rate of tax in certain income bands is as high as 61% and the effective top rate of tax can increase to almost 57% for those with high incomes in certain circumstances. This means that for every £1 you earn you keep 43p and the government takes 57p.
These changes have huge implications, whether you are in practice on your own, in a partnership, an LLP or via a limited company.
This event will be introduced by Richard Limburg, Head of Vantis' Medical Group, and Paul Belsman, Head of Tax, will explain these proposals in detail and explore ways to mitigate their implications.