Hi there.
I'm retiring in August.
My company, like many others in private sector, is looking to conserve cash, but is safe longer term.
I'm wondering whether to ask to defer my salary payments for May-July into next financial year. This would mean I would pay basic rate of tax this year.
However, would the sum deferred to tax year 21-22 be counted as earned income this year, or next? If the latter, I'd pay basic rate tax next year. If the former, I'd incur higher rate tax this year.
J
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Tax deferral
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