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Where Taxpayers and Advisers Meet

What to do with a high income?

Cap_Scarlet
Posts:32
Joined:Sun Jun 17, 2018 2:59 pm
What to do with a high income?

Postby Cap_Scarlet » Wed Oct 18, 2023 4:41 pm

Over the next 7 years i will receive a 'known' high income (deferred income from prior years so the amount is know). The amounts will put me into the 45% tax bracket.

Other than maxing out pension contributions what can i do to shield this income from tax?

strawn
Posts:96
Joined:Fri Jun 01, 2012 10:11 am

Re: What to do with a high income?

Postby strawn » Wed Oct 18, 2023 10:04 pm

If you feel daring you could look at VCTs


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