A painful income tax quirk, money and mentality, and property sentiment - here's our weekly heads-up of articles in the weekend newspapers that may have caught your clients' attention...
Earn £100,000? You could be paying 60% income tax without knowing it People who earn between £100,000 and £125,000 face paying income tax at a rate of 60% because of government "stealth" tax policies, warns The Telegraph. This select group of earners is only meant to pay income tax at a rate of 40% but now risk falling victim to a costly trap that makes their earnings subject to higher tax rates, it reports. This is because at the £100k point, the taxman begins to withdraw the £12,570 tax-free personal allowance, reduced by 50p for every £1 earned above £100,000. This means each £1 of...
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