If you’re a consultant in the NHS and your income is over £125,140, you’re currently liable for tax at a rate of 45% on the income you earn over this level. The erosion of your personal allowance can also mean your effective tax rate is more like 60% on certain portions of your income. For these reasons, it’s important to consider the most effective ways of easing your tax liability.
Following an initial consultation with us, we’ll let you know whether you’re making maximum use of your ISA and Capital Gains Tax allowances. We’ll also take a close look at your financial big picture, and put in place a plan that’s able to maintain the lifestyle you want while also sustaining your wealth into retirement.
The value of St. James’s Place investments will be linked directly to the performance of your selected funds. The value can go down as well as up, and you could get back less than you invested.
Levels and bases of taxation, and reliefs from taxation, are subject to change. Tax relief values generally depend on your circumstances.