New additional TAX coming for incomes over £50,000!
Job promotions may reduce net income if salary & bonus exceed new potential thresholds. Also consider future taxable pension & investment income.
Hope is not an effective strategy, wealth planning in a tax friendly strategy is.
‘We are looking at how the richest 10% of people, those earning over £50,000, could make a further contribution.
The vast majority of people in the country would consider £50,000 a very large salary: these are not the middle income earners.’
Lib Dem wealth tax leak: new levy on £50k earners proposed | News | The Week UK.
