MRC says
Ok so first things first I'm allergic to paying HR tax.
This is a long-standing allergy I've been able to keep in check.
But recently I'm nearing maxing out my pension contributions AA and carry forward and am facing the stark reality of a mere 55% retention on the entirely of my income.
just wanted to check if there are any legit ways to mitigate HR tax that are left after pension options are exhausted?
Only thing I'm vaguely aware of is VCTs but don't know much about the pros and cons
This is a long-standing allergy I've been able to keep in check.
But recently I'm nearing maxing out my pension contributions AA and carry forward and am facing the stark reality of a mere 55% retention on the entirely of my income.
just wanted to check if there are any legit ways to mitigate HR tax that are left after pension options are exhausted?
Only thing I'm vaguely aware of is VCTs but don't know much about the pros and cons
