If your lucky enough to find your income may be more than £100,000 in the current tax year (2015/16) then read on.  For every £2 that your adjusted net income exceeds £100,000, the £10,600 personal allowance is reduced by £1. If you’re in or just above the £100,000 to £120,000 income band, Pension contributions and Gift Aid can help to reduce adjusted net income, hence preserving your personal allowances and therefore save tax at an effective rate of 60%.

David Wilsdon