Could An Offset Mortgage Help Uk Top Earners?
New income tax for UK top earners is now in force Higher rate income tax of 50% is now payable by those with incomes greater than £150,000 a year. Not only are these UK top earners being hit by income tax changes but they are probably also being hit with the low returns currently paid on UK savings accounts as a result of the currently low Bank of England Base Rate. Whilst there is no substitute for professional financial planning advice, for UK top earners who have both savings in the UK and a residential mortgage, there may be an extra something to consider. Offset Mortgages For some higher rate income tax payers it could be the ideal time to consider an offset mortgage. To find out whether an offset mortgage is right for you and explore the best offset mortgages available it is advisable to talk to an experienced mortgage broker. Mortgage Offset rates vary and the effectiveness of remortgaging onto an offset mortgage will depend not only on the rate but also on the amount of money h
