Last-minute rush to beat 50p tax deadline - papers

clock

A last-minute rush to accelerate the payment of bonuses ahead of April's introduction of the 50p tax rate for high earners is under way, amid mounting anger by top executives over the squeeze on their take-home pay.

According to The Financial Times, advisers said there had been a surge in interest since new year from businesses wanting to shift the timing of payments or introduce tax-efficient plans to avoid the new top tax rate. A similar drive has prompted bigger or accelerated dividend payments by companies where directors own substantial chunks of equity. Hargreaves Lansdown, HomeServe, Pennon Group and Beazley made such moves this month. Chris Page, head of employee incentives at KPMG, the professional services group, said finance directors were being "harangued" by colleagues seeking to mit...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

'Don't think of consolidation as the end of independent advice. It isn't'

'Don't think of consolidation as the end of independent advice. It isn't'

Continuity before everything else

Tom Rowe-Jones
clock 02 September 2026 • 5 min read
SENDA calls on profession to share how it supports families with disabilities

SENDA calls on profession to share how it supports families with disabilities

Part of white paper launching in November

Isabel Baxter
clock 02 September 2026 • 2 min read
Plannex memberships boosted by 'out of the blue' Reddit influx

Plannex memberships boosted by 'out of the blue' Reddit influx

Without spending a penny on the social media platform

Isabel Baxter
clock 01 September 2026 • 5 min read