Solid advice from Simon Zutshi as always. If you are a higher rate Income Tax payer, this can be, potentially, eliminated as an issue by considering actions such as salary sacrifice and making pension contributions up to the annual £60,000 limit. Then, for those who have taken paid advice from a financial consultant, there is the possibility of investing in risky VCTs to eliminate 30% of the investment cost as tax relief. So, all is not lost as a higher rate taxpayer.