Reply to post: Re: My experience says different

Amazon meets the incredible SHRINKING UK taxman

Roland6 Silver badge

Re: My experience says different

>dont cash in more than 5K per yeah and its tax free.

+ 1K from your employer

+11K from you tax allowance.

If you run an ESOP and/or (HRMC approved) profit share scheme further amounts can be had tax free... However, much depends on whether the expense is worth it; this is the primary reason why the government achieved higher tax receipts when they lowered the upper income tax rate from 50% to 45%.

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