Tax Planning for High Earners
Did you know ChadSan can help with tax planning for high earners?
As your income grows, so do your tax obligations!
Our experts can help you minimise tax liability, maximise allowances, and create a strategy tailored to your financial goals. Whether it’s income tax, capital gains, or inheritance tax, we ensure you’re optimising opportunities while staying compliant. Let us help you keep more of what you earn.
Minimising income tax liability:
High earners in the UK, especially those earning over £50,270 (subject to the 40% higher rate tax band) or £125,140 (45% additional rate), are subject to steep tax rates. Effective tax planning helps minimise this liability.
Utilising allowances:
Tax planning ensures high earners make the most of UK allowances such as the Personal Savings Allowance, Dividend Allowance, and Capital Gains Tax (CGT) allowance, which help reduce tax liability on savings, investments, and property.
Dividend and business income:
For high earners who own businesses or have dividend income, structuring their compensation in a tax-efficient way is essential. UK tax planning can optimise how dividends are paid, reducing the tax on income compared to salary, which is subject to higher income tax rates as well as National Insurance Contributions (NICs).
Avoiding tax penalties and surcharges:
For those who are required to file a Self-Assessment Tax Return, tax planning ensures that deadlines are met and tax bills are calculated correctly, avoiding penalties for underpayment or late submission.
