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Daily Archives: 1 March 2024

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Dentists tax calculation

Dentists can avoid 60% tax rates with pension contributions

Associate, Blog, Pensions, Self-employmentBy Nathan Holmes1 March 2024

When the income of self-employed dentists and employed dentists surpasses £100,000, they find themselves subject to a marginal tax rate of 60% and 63% in Scotland. This occurs because their tax-free personal allowance starts to diminish, resulting in a 50% increase in their tax rates. This increase can be offset by making a pension contribution.…

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