What’s the right order of tax on income?

Tax and trusts

Wednesday 27th July 2022





Do you know the order in which income tax is applied to different sources?

If not, this online Assembly is for you. And – even if you do – are you really really sure? (Like, really?)

Either way, we’re sure you’ll leave this Assembly older (by 60 mins) but wiser thanks to our guest, M&G’s Les Cameron.

Les will be a familiar face to many Assembly participants and his most recent appearance was May’s Case Study Investigation: IHT and Trusts.

Learning objectives

During the session we covered…

  • The 7 steps of a UK Income Tax calculation
  • Allowable deductions
  • Adjusted net income
  • 72% marginal tax rate
  • Allowances Beneficial ordering
  • Tax reducers


Les Cameron
M&G Wealth

Les leads the M&G Wealth Technical Team working to maintain their position as one of the most widely respected technical support units in financial services.

A fellow of the PFS, Les spends his time reading, writing and speaking about pensions, tax and trusts to our internal stakeholders, press, paraplanners and financial advisers.

Event resources

Useful links

M&G have created a page on their website where you can download Les’s slidedeck AND complete a brief test to obtain your CPD certficate for taking part.

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