YEAR END: PERSONAL ALLOWANCE, TAX & PENSION PLANNING

  DON’T LOSE YOUR PERSONAL ALLOWANCE! For every £2 that your adjusted net income exceeds £100,000 the £11,850 personal allowance is reduced by £1. Pension contributions and Gift Aid can help to reduce adjusted net income and save tax at a rate of 60%. The restriction applies between £100,000 and £123,700 adjusted net income. Another … Continue reading YEAR END: PERSONAL ALLOWANCE, TAX & PENSION PLANNING