24 Feb

Don't Lose Your 2021/22 Personal Allowance

Megan
Megan
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.

Please contact us if you would like help on the above. 

Please note that this is correct as of the 24th Feb 2022.