High Earners
In the 2009 Budget, the Government announced fundamental changes to the way that pensions will be taxed from 2011 for high earners and introduced immediate measures designed to prevent individuals increasing their pension savings in anticipation of these changes. Although the proposals are designed only to affect individuals with annual income over £130,000, their actual impact could be much more widespread and could mean that senior executives will be paying an additional 30% tax on the benefits their employers promise them.
Our team of experts provide our corporate clients with advice on how to:
- Identify the individuals who are affected and quantify the problem caused by recent legislation
- Communicate with the high earners who are affected detailing the options facing them
- Agree the solution with the sponsoring employer and implement.
We also provide individual advice to high earners who wish to understand how the changes may affect them personally and to consider strategies to reduce the impact of the changes.
If you would like to discuss any of these issues please contact Henry Denne.
Register for our Birmingham, Wokingham or London Post-Budget Power Hour, where our team of experts will highlight what the High Earners proposals mean for you, and how you might go about addressing them.
