The traps that could leave you paying up to 60% tax
Could you reduce your tax bill?
If you’re income is more than £50,000, you might end up paying more tax than you bargained for.
There are two situations when you could end up paying up to a hefty 60% effective tax rate.
Download this essential guide to discover:
- How the personal allowance tax trap works
- What the child benefit tax trap is
- How to avoid paying more tax than you need to
- Tips to help you reduce your taxable income
We wrote this guide to give you useful information about tax but it’s not personal advice. If you’re not sure, a financial adviser can help you make the most of your allowances. For complex taxation please speak to an accountant. Pension and tax rules can change, and benefits depend on your circumstances. Scottish tax rates and bands are different and different benefits apply.