TAX PLANNING UPDATES MARCH 16

March 04, 2016 | by Sian Kelly | No comments

Inform Accounting keeping you up to date with all the latest tax issues.

DON’T LOSE YOUR PERSONAL ALLOWANCE

For every £2 that your adjusted net income exceeds £100,000, the £10,600 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%.

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