High Earners

If you’ve earned more than £100,000 in the last tax year then you’ll need to prepare and submit a self assessment tax return. High earners must include income from all sources, such as employment income, employment benefits, dividends from share and interest on savings.

 It is important that you are on the correct tax code during the tax year  as you can end up overpaying tax or owing tax, which you would wish to avoid. 

 

  

How we can help

High earners have particular issues that require special attention. You could fall foul of the pension scheme reduced (tapered) annual allowance without even realising it! You also need to ensure that all pension contributions, charitable giving and employment expenses are included so as to give you the full tax reliefs due.can make use of several strategies that reduce tax liability. 

Other issues you may need to consider are taxation of share options. We can help to make sure your tax affairs are kept up to date.

 

High Earners - How we can help....

If you’ve earned more than £100,000 in the last tax year then you’ll need to prepare and submit a self assessment tax return. High earners must include income from all sources, such as employment income, employment benefits, dividends from share and interest on savings.

 It is important that you are on the correct tax code during the tax year  as you can end up overpaying tax or owing tax, which you would wish to avoid. 

High earners have particular issues that require special attention. You could fall foul of the pension scheme reduced (tapered) annual allowance without even realising it! You also need to ensure that all pension contributions, charitable giving and employment expenses are included so as to give you the full tax reliefs due.can make use of several strategies that reduce tax liability. 

Other issues you may need to consider are taxation of share options. We can help to make sure your tax affairs are kept up to date.

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