Pensions tax planning for high earners
YOUR IN-DEPTH FINANCIAL TOPIC GUIDE
Mitigating a high tax bill
Despite government ambitions to reduce income tax rates, the overall tax burden is likely to remain at an historically high level for the foreseeable future, with higher earners continuing to shoulder most of the burden. Higher and additional rate taxpayers currently pay over two thirds of all income tax. The message is clear: if you want to reduce the amount of tax that you pay the solution is in your own hands. Planning could help you to lessen the rising tax burden – and we’re here to help. This guide explores a key tax planning opportunity: making pension contributions.