Compensation Restructuring UK and Europe
By Arun Birla, Ronan O'Sullivan, Mark Poerio and Christopher Walter
UK Budget Announcement
The announcement of the UK's 2009 budget on 22 April 2009 introduced a new top rate of income tax. From April 2010, an additional income tax rate of 50 per cent will apply to people earning over £150,000 and the income tax personal allowance will be reduced for those with incomes over £100,000. From April 2011, pension tax relief will also be restricted for those with incomes over £150,000.