50p tax rate for high earners

In a tax rise that was first announced in the 2009 Budget a 50p tax rate has now come into force on taxable incomes above £150,000.

At the same time high earners will also be hit by a new 42.5 per cent tax on dividends and people earning more than £100,000 a year will have their personal allowance reduced.

Here at Lewis Smith & Co. we are sad to say that these changes aren’t going to hit any of us personally. However if you see this report and shudder then we suggest that you give us a call on 01384 235549 or email us at info@lewissmith.com and arrange to come and talk to us. We can’t guarantee that we will reduce your tax burden but we have helped lots of people do just that.

Lewis Smith & Co. – Accountants for Kingswinford