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100K threshold question.
Comments
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OP may have more money to invest, but he didn't ask about that, and we're not touting for business on this site, are we?
a pension is likely the best way to avoid 60% tax on this £5k (if deferring it to another year isn't going to work). no need to over-complicate.0 -
grey_gym_sock wrote: »it's a good point that you don't want just to defer the problem to next year. the OP will have a better idea than the rest of us how likely he is to be over £100k again next year.
but it's a bit strange to suggest going to a wealth manager to discuss £5k.
Have to agree completely - especially as the op states clearly that the current situation is a 'one-off' and 'shall not happen again'.0
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