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The 50 per cent tax rate

...and, not forgetting the 60 per cent (and counting) bands.

The introduction of the 50 per cent income tax rate for individuals with income in excess of £150,000 per annum has been a widely publicised news item over the past few months. What is less well known is that the impact of changes to personal allowances create a marginal tax rate of 60 per cent for those earning between £100,000 and £113,000.

These rules will take effect on 6 April 2010 and there is still time to act to mitigate the impact on your affairs.

How can BDO help you?

Whether you are an owner-managed or institutionally backed business, a partnership, or a high net worth individual, we have developed a suite of ideas from the straightforward to the more sophisticated that can help you organise your finances in the most appropriate way. You can find out more in the relevant flyers attached.

50 per cent tax rate strategies for:

To discuss these ideas further we would be delighted to meet with you to go through the options in more detail so for more information please contact your local BDO adviser or Adam Frais.

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