The top of rate of tax is now 55% (including PRSI and Universal Social Charge). We have worked with clients over the last number of months to minimise the amount of income on which they pay tax at this top rate of 55%.
For clients with significant amounts of investment income, it is often possible to minimise 55% income simply by choosing a different investment product or by moving a bank account to a different country.
For clients with other types of income (e.g. rental income, consultancy income, offshore fund investments, bond interest) we have managed to achieve lower tax rates by moving the income into another vehicle such as a company or trust that pays tax at lower rates.