High Earners

With financial advice for high earners, there are options available to reduce your taxable earnings to below the critical £150,000 threshold, meaning you continue to pay tax at 40% rather than 45%. Your pension contributions will still benefit from tax relief at your highest marginal rate.

Further changes were announced in the Summer Budget 2015 which will see those earning more than £150,000 per year have the amount they can invest in a pension each year reduced from £40,000 to £10,000.

Retirement planning is complicated, and has been made even more so by constant changes to the rules. We make it our business to stay up-to-date with the latest developments and help clients take full advantage of the available tax breaks.

We can give guidance on:

  • Assessing your financial priorities and choosing suitable investments.
  • Maximising pension contributions.
  • Managing the move from saving to withdrawing from your pension.
  • Minimising the inheritance tax liability after your death.

 

 


Privacy Statement

Gale and Phillipson Ltd and its subsidiaries Gale & Phillipson (Life & Pensions) Ltd and Gale & Phillipson (Financial Management) Ltd are authorised and regulated by the Financial Conduct Authority (FCA 431387, 142752 and 195080) and all trade under the name Gale and Phillipson. Registered in England and Wales, numbers 05409822, 03751076 and 02232959. Registered office: Gallowfields House, Fairfield Way, Richmond, DL10 4TB.