Tax changes for high earners

How has this year’s tax year affected you?

Higher-rate taxpayers earning £50,000 a year will see a £236 tax cut in this tax year. The tax-free personal allowance increased to £11,850, up from last years figure of £11,500, and the higher-rate tax threshold for people paying the higher rate of Income Tax, which currently stands at 40%, rose from £45,001 to £46,350.

Time to talk to Gale and Phillipson?

The importance of taking financial advice when it comes to tax planning it becoming more essential and can never be overestimated – and the sooner you start planning, the better for you.

Please read our factsheet for more on tax changes for high earners.

London Office

Railway House
1 Whittlebury Mews East

020 7483 4488

Newcastle Office

4th Floor
18-24 Grey Street
Newcastle Upon Tyne

0191 468 2500

Northallerton Office

Trinity House
Thurston Road
North Yorkshire

01609 760960

Richmond Office

Gallowfields House
Fairfield Way
North Yorkshire
DL10 4TB

01748 825 971

Richmond Mortgage Advice Office

15 King St,
North Yorkshire
DL10 4HP

01748 822088

Meet Our Team

Speak to a practical and experienced financial advisor

Get in touch with a member of our team

Meet Our Team
Get in Touch

Find out more about our range of service.

For further details please contact us.

Get in Touch
Visit Us

We have locations in both London and the North East

Newcastle | Richmond | Northallerton | London

Visit Us

Regulatory Statement

Gale and Phillipson Investment Services Ltd, Gale and Phillipson Advisory Services Ltd, Gale and Phillipson General Financial Services Ltd are all authorised and regulated by the Financial Conduct Authority (Reference Numbers 431387, 142752, 195080) and trade under the name Gale and Phillipson. Gale and Phillipson (SE London) Ltd is authorised and regulated by the Financial Conduct Authority (Reference Number 195522) and trades as Indigo Financial Advisors. Registered in England and Wales numbers 05409822, 02232959, 03751076 and 04077157. Registered office: Gallowfields House, Fairfield Way, Richmond, DL10 4TB.

Google Analytics Alternative