22 April 2009

Budget 2009 - Personal Tax Highlights

Christopher Groves
Partner | UK

Against a backdrop of national debt being 12% of GDP, a number of headline measures were announced in today’s Budget. What must stand out is the increase in income tax to 50% for income over £150,000, the restriction in income tax relief for pension contributions, again for high earners, and the changes to the taxation of onshore funds. Please find a summary of these and the other main changes.

Christopher Groves Partner | London

Category: Article