How to beat the 45% income tax...

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Alan @ BroomeAffinity replied

25 November 2008, 12:03
Tax £31,080
EENIC £3,912
ERNIC £12,800
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_V_ replied

25 November 2008, 11:37
Originally posted by Churchill View Post

Ok, how much tax & NI is due on a salary of £100k?

Plenty. Ask an accountant.
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Churchill replied

25 November 2008, 11:36
Ok, how much tax & NI is due on a salary of £100k?
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Mailman replied

25 November 2008, 11:18
I guess it would be a good start if you actually earned £150k!

Mailman
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_V_ replied

25 November 2008, 10:39
Originally posted by TonyEnglish View Post

Seeing as I can't break out of the £300 a day band this isn't going to be an issue for me. How lucky am I?

Double shift 365 days a year and you're sorted.
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BoredBloke replied

25 November 2008, 10:16
Seeing as I can't break out of the £300 a day band this isn't going to be an issue for me. How lucky am I?
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Gordon Brown replied

25 November 2008, 09:32
Seems fair to me.
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Churchill started a topic How to beat the 45% income tax...

25 November 2008, 09:31
How to beat the 45% income tax...

...taken from the Sunday Times "money" supplement 23/11/08.

Lord Paul of Marylebone is founder and chairman of Caparo Group, a British based global steel manufacturing and engineering company.

When asked what property he owns, Lord Paul tells us he owns his flat in Portman Place in central London worth £900k and a country house in Beaconsfield that he bought three-and-a-half years ago for £6.5million.

He was asked "What are your views on tax?"

His reply was...

I am a non-dom, I've never hidden the fact. I'm happy to pay the £30,000 annual fee - I don't think I have much choice. I think it's a reasonable settlement.

In my view, the whole non-domicile issue was taken out of proportion and I just hope it doesn't damage UK business.

Most of my money - around 65% - is in the UK, but I also have parts of the business in the US, Spain, India and Canada.

That's the answer chaps, non-dom and pay £30k!

Last edited by Churchill; 25 November 2008, 09:41.
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