Wednesday, 9 March 2022

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. 

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