How to help HNWs cope with income tax hit

Following the relatively uneventful Budget last month, we are now bearing witness to the impact of announcements from the previous Budget, particularly the new 50% income tax for high earners. Advisers will have been very aware that, as of 5 April, clients with earnings in excess of £150,000 are now subject to income tax of 50%. But how many realise this places the UK's top rate as one of the highest in the larger western economies and far higher than the EU average? While this will have a significant impact on the performance returns of many investments for many high earners, it i...