The private client team at KPMG in the UK have compiled a list of their top ten tips for high earners in anticipation of the new tax rate.
Tip number 8 is:
Discuss with your financial adviser whether you should, as part of your overall investment strategy, make an investment in a qualifying Enterprise Investment Scheme ("EIS") company. This is a higher risk investment with generous tax breaks. You can get 20% income tax relief on a qualifying EIS investment up to £500,000, i.e. an absolute saving of £100,000 plus after 3 years you can sell the shares completely free of capital gains tax.
