Sheltering Tax - Sheltering Income Tax

Income tax, which is currently levied on taxable income* after the deduction of personal allowances at the basic rate of 20% and the higher rate of 40%, changed on 6 April 2010, whereby higher rate taxpayers now pay an additional rate of 50% on taxable income above £150,000.

In addition to this the personal allowance is phased out where net taxable income exceeds £100,000. The allowance reduces by £1 for every £2 of income above the threshold, with a complete phase out occurring when income levels reach £112,950. The new rules introduce a 60% effective rate of tax for income between £100,000 and £112,950.

We offer a variety of income tax mitigation products to provide effective solutions which may take into account not only the tax savings, but the risk appetite and time horizon profile of the client:

• Enterprise Investment Scheme (EIS)
• Venture Capital Trust (VCT) services
• Property backed Capital Allowance Schemes
• Film Investments

* excluding a 10% tax in relation to savings income