Scrap annual taper in Autumn Statement - Sheriar Bradbury

The Bradbury Hamilton managing director argued the annual allowance taper, introduced this year, makes it difficult for clients whose earnings fall between £150,000 and £210,000 as it is often not possible to know their actual income until the end of the tax year. He added it was especially difficult for those who receive wage bonuses right at the end of the year and for those with final salary pensions. The rules mean those who have a taxable income in a given year of more than £150,000 will have their annual allowance restricted. The restrictions mean that, for every £2 of income they ...