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Avoid the £100k Tax Trap
Save up to £5,000/yrWhat is it?
If you earn between £100,000 and £125,140, you lose £1 of Personal Allowance for every £2 earned above £100k, creating an effective 60% tax rate. Salary sacrifice into a pension can reclaim this.
Who is eligible?
You must earn above £100,000 and your employer must support salary sacrifice into a pension.
How to claim
Ask your employer to set up a salary sacrifice arrangement to reduce your gross pay to £100,000 or below.