Financial Planning Offer
In order for the UK to repay our current national debt of £780 billion (£13,000 per person in the UK*) we believe we are entering an Era of Higher Taxation.
It was announced in the last budget that, from the 2010/11 tax year, there will be a new 50% ‘Super Tax’ rate on individuals with income over £150,000 and the personal allowance will be removed on a 2:1 basis where income is over £100,000.This new 50% rate will also apply to Trusts.
For trustees of discretionary trusts, a new higher 42.5% dividend tax rate will apply for those that do not distribute income over the £1,000 allowance. This will lead to a significant increase in their tax liability.
We believe there is an urgent need to secure the tax planning opportunities and exemptions which are available at this time but may be reduced or removed. We are confident that by engaging our services you will place yourself in an informed position and be able to make the most of the various allowances and relief’s available.
To this end we would like to offer you an initial consultation at our expense and without obligation.
* Source: www.bbc.co.uk/