The Income Tax changes announced last year became effective for the first time this month seeing many employees lose their Personal Allowance (resulting in a marginal rate of Income Tax of 60%) as well as many others paying the new 50% rate of tax.

Awareness of these changes still remains extremely low (as we reported on this site last month) but the pain is starting to be felt. One small piece of good news is that these employees do still have potential options available to reduce the impact of these changes.

EBS offers tax clinics (on a group or 1:1 basis) to educate employees and provide them with a range of choices to minimise the impact. Having run a series of events for SAP (UK) we were delighted to receive this feedback from HR:

“Thanks for delivering the tax clinics, I have to say that ultimately demand far exceeded our initial expectations so we are glad that we made these available to our people. Thanks also  for delivering what was ultimately very complex & not great news for some people in a simple and pragmatic manner.”

To find out how we can help your higher rate tax paying employees, Contact EBS.

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