Let’s cut straight to the chase. This is not for everyone. It is only worth exploring further if you can answer “YES” to ALL of the following questions:
- Do you pay higher rate tax on earned income?
- Are you age 50 or over?
- Do you already have medium term investments/savings?
- Do you expect to revert to paying only basic rate tax at some time in the next 10 years?
If you answered “YES” to all four questions this is certainly worth exploring. It is not something your accountant will talk to you about because the chances are that he will not have the appropriate authorisation, but I can assure you it is 100% legal.
A blog of this nature is not the right place to go into details so if you are interested just send me an email with “Richard, do I qualify?” as the subject and I will email you the link to the full report.
There have been some suggestions that the 22nd November Budget may change the rules so if you are interested please don’t delay.
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