Number of higher rate taxpayers soars

There has been a 142% increase in the number of additional rate tax payers since the tax bands were frozen in 2021, latest HMRC figures reveal.

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Higher income households most hit by inflation

The UK’s top 10% earners have had to work hardest to maintain their standard of living due to the impact of inflation over the past 20 years, according to a study from Financial Planning and wealth management firm Tilney.

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Higher rate taxpayers miss out on £225m in pensions tax relief

A new survey suggests that one in 10 higher earners fail to make a personal contribution to a pension and on average higher rate taxpayers miss out on £2,500 a year in tax relief each – equivalent to £225m a year for all higher earners. Read more...