Treasure Inland

F&C's Mike Woodward says investment trusts can help higher earners caught in the new 50% tax bracket safeguard their wealth

As the clock ticks down towards the start of the 2010/11 tax year on 6 April, high earners who will be caught within the new 50% tax bracket are seeking ways to protect as much of their income as possible from the grasp of Her Majesty’s Revenue and Customs. Helping them to do this will probably be a job for their financial advisers as much as for their accountants. Recent reports in the Financial Times have highlighted firms rushing through bonus payments to meet the deadline, or looking at restructuring compensation agreements so bonuses are paid in the form of capital. However, the pap...