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Watch out for Budget bill

I hope Julian Stevens will now read the small print in the Budget. He seems to think that for someone earning £150,000 or more, the answer is for the company to make a pension contribution instead.

If you do this, all you succeed in doing is landing the client with an enormous tax bill. For example, the day after the Budget, I was speaking to one company where they had received a contribution of £160,000 payable by the employer which would have landed him with a bill of £28,000,

BGW Jamieson

Principal

Jamieson Financial Management, Bognor Regis, West Sussex

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