As more professionals cross the £100,000 income threshold, many are surprised to find that their take-home pay doesn’t rise in line with their gross salary.
Featured in The Telegraph, Bowmore Chartered Financial Planner John Clamp commented on how more high earners are taking home less than expected, and how this growing pressure is prompting some to rethink their work-life balance.
John noted that a “huge cohort” of taxpayers are now feeling the squeeze and may need to plan carefully to manage the impact.
While tax is just one part of the financial picture, changes like these highlight the importance of a clear strategy. A well-structured financial plan can bring clarity not only to how much you earn, but how that income supports your long-term lifestyle and goals.
The Telegraph: Why It No Longer Pays to Earn £100k
Bowmore Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority.