Clearing a way through the tax jungle

    December 2009

    The Budget 2009 introduced a series of reforms to the UK's income tax and pensions tax relief rules. From 6 April 2010 the income tax rate on income of £150k or more will be increased to 50%. From 6 April 2011 the rate of tax relief on pension contributions for those with income of over £180k will be restricted to 20% with the relief tapering from 40% to 20% on income between £150k - £180k.1 Further, to combat measures taken to minimise the effects of the post 6 April 2011 changes, the Finance Act 2009 has implemented anti-forestalling rules.