Author Archives: paula

#Tax Myth 7 – The Highest Income Tax Rate Is 50%

Posted on 8 May 2012 by paula

You may be aware that income of £150,000 and above suffers a tax rate of 50%. What is less well known is that at a lower level of income the tax rate is in fact higher than 50%. For income … Continue reading →

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#Tax Myth 6 – Sole Trader Start Ups Don’t Receive Tax Incentives

Posted on 7 May 2012 by paula

You have probably heard of lots of incentives for those who invest in start up companies. This is where individuals pay money to a company in exchange for shares in that company. The tax system helps subsidise the investor’s risk … Continue reading →

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#Tax Myth 5 – You have to pay national insurance to earn a state pension

Posted on 24 April 2012 by paula

Employees who earn at least £107 per week or £464 per month for a full tax year will be achieving a credit towards the 30 years they need in order to earn a basic state pension.

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