122- Earning Over £100,000 A Year (Or Close To It)?, Avoid The 60% Tax Trap

If you're earning over £100,000 a year, or are closing in on that level then this is the episode for you. 

For every £2 of income above £100,000 you lose £1 of your personal allowance, which means previously tax-free income is now subject to tax. 

This can result in a whopping tax rate of 60% south of the border, and 67.5% north of the border. 

Fortunately, there are ways you can plan to avoid this tax charge from occurring. 

Benjamin outlines the main strategies in this week's episode. 

Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he helps you to never make another financial mistake.

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Disclaimer - please note that nothing in this podcast can be relied upon as financial advice and the content is provided purely for information and guidance purposes. Please seek independent, regulated financial advice relevant to your situation.