Investment bonds and high earners

While high earners will welcome the reduction in the top rate of tax from 50% to 45% from April 2013, the additional rate of tax on earnings above Pounds 150,000 appears to be here to stay, at least in the medium term. The Pounds 100,000 personal allowance income limit also remains and, as the perso...

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Bibliographic Details
Published in:Money Management 2012-06
Main Author: Hogg, Sandra
Format: Article
Language:English
Subjects:
Bonds
Capital gains
Capital losses
Dividend distributions
High yield investments
Hogg, Sandra
Inheritances
Investments
Tax rates
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Summary:While high earners will welcome the reduction in the top rate of tax from 50% to 45% from April 2013, the additional rate of tax on earnings above Pounds 150,000 appears to be here to stay, at least in the medium term. The Pounds 100,000 personal allowance income limit also remains and, as the personal allowance increases, loss of qualifying status becomes more costly.
ISSN:1463-1911