Skip to main content
Tax Planning Strategies for High Income Earners
Reduce the impact of additional tax burdens
In this guide:
- How to reduce the tax burden on your salary? - This guide contains a multitude of key financial planning tips to help you make your personal tax situation as efficient as possible.
- Maximising available allowances – Careful consideration of the split of assets between spouses can have a significant beneficial impact on a couple’s income tax burden.
- Pension planning – Pensions continue to offer significant tax benefits that should not be ignored.
Please note that the Financial Conduct Authority (FCA) does not regulate cash flow planning, estate planning, tax or trust advice.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. |
|---|
Provide your details below to receive your free guide.
From this guide:
Fiscal Drag is a significant challenge facing taxpayers currently. In the 2025 Budget, the decision was taken to extend the freeze of the personal allowance, basic rate and higher rate income tax thresholds until April 2031.
This will push unprecedented numbers of taxpayers into higher income tax thresholds over the coming years, making tax planning more important than ever.
If you are a taxpayer living in England or Wales, you will pay 40% income tax on income above £50,270 per annum, but below £125,140 (assuming a full personal allowance is available).
Taxpayers in England and Wales with a total income above £125,140 will pay the additional rate of 45% on income above £125,140. As the personal allowance is progressively withdrawn on any income over £100,000, there is also a marginal effective rate of c.60% that applies to any income between £100,000 and £125,140 regardless of where you reside in the UK.
Scottish taxpayers will continue to be subject to income tax at six different rates, ranging from 19% (Starter Rate) to 48% (Top Rate) for any income in excess of £125,140.
Download the full guide to read more.
Our clients speak for us
Meet our expert team
Copy of Copy of Copy of Copy of Template - People block - list (6.06)
Dan Alder
Senior Financial Adviser - Chartered Financial Planner, APFS
Dan is a Chartered Financial Planner, working from our Bath office and supporting clients across the South. He empowers clients to make informed and confident decisions about the present, their longer-term futures and helping the next generation.
Grace Whalley
Financial Adviser - Chartered Financial Planner, FPFS
Grace is a Financial Adviser and Fellow of the Personal Finance Society. She takes the heavy lifting off clients shoulders to help them to navigate various financial life stages and allow them to focus on meeting their different objectives in life.
David Dodgson
Partner - Chartered Financial Planner, FPFS
David is an experienced adviser and a Fellow of the Personal Finance Society (PFS), supporting his clients with their financial needs. His primary aim is to help his clients gain an appreciation of what lifestyle their current and future wealth is capable of delivering.