Tag Archives: tax; 2021/22 personal allowance

Don’t lose your 2021/22 personal allowance

For every £2 that your adjusted net income exceeds £100,000 the £12,570 personal allowance is reduced by £1. Pension contributions and Gift Aid can help to reduce adjusted net income and save tax at an effective rate of 60%. The restriction applies between £100,000 and £125,140 adjusted net income. CONSIDER A SALARY SACRIFICE SCHEME Another…