Don’t Lose Your 2021/22 Personal Allowance

Tax News
Written By Andrew Mellor

For every £2 that your adjusted net income exceeds £100,000 the £12,570 personal allowance is reduced by £1. Pension contributions and Gift Aid can help to reduce adjusted net income and save tax at an effective rate of 60%. The restriction applies between £100,000 and £125,140 adjusted net income.

The Rawcliffe & Co team is available via phone or email Monday to Thursday 9-5pm and 9 – 4:30pm on Fridays.

 Tel: 01253 798812
Email: info@rawcliffeco.com

Andrew Mellor
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