One of the major income tax announcements last month was the proposed increase in income tax and National Insurance rates for high income earners. A quick summary follows.
2009/10 – No change for this tax year!
2010/11 – If your earnings are between £100,000 and £140,000 you will lose one-half of your personal allowance. If your earnings exceed £140,000 you will gradually lose the remainder of your personal allowance.
inniAccounts have teamed up with the Professional Contractors Group (PCG) and are able to offer inniAccounts clients a generous 15% discount on the first years PCG membership fees. All you need to do is request the discount code for the PCG by emailing us at firstname.lastname@example.org
The PCG is a not-for-profit trade association that represents the interests of consultants, contractors and freelancers. It has evolved to become their champion, campaigning on issues that matter to the freelancing community, irrespective of industry focus.