Taxflash: Pension contributions and the higher rate taxpayer

Filename: Pension contributuions for higher earners.pdf

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As a part of the 2009 Budget the Chancellor announced some radical changes to the taxation of higher earners. Not only will those with taxable income in excess of £150,000 be subject to new higher rates of Income Tax, those with income close to or above this threshold will also find that the tax reliefs that they have previously enjoyed in respect of contributions to their pension plans will be dramatically restricted.

Published on 13 April 2010

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