Tax-free allowances don’t stick around – you lose them if you don’t use them. But they can make a huge difference to your finances, especially if you invest. In this …
Author
Fiona Graham
Avoid the 60% tax trap: How SIPP or pension contributions can save tax
by Fiona Graham
written by Fiona Graham
Did you know that some UK taxpayers face an effective income tax rate of 60%? This is often referred to as the “60% tax trap”. It happens when your income …
A self-invested personal pension (SIPP) is a flexible way to save for retirement, giving you control over how and where your money is invested. It’s particularly beneficial for higher earners …