UK PRESS: UK retailer J Sainsbury is set to beat the UK’s tax hike on
high earners next month by paying its bonuses early, with experts saying
more companies were preparing to do the same, the Independent reports.
The supermarket group is trialling a “new award timetable” to pay its
1,200 senior managers three months earlier than usual. This will see the
pay awards taxed under the current rate of 40 per cent and avoid the
rise to 50 per cent for those earning over 150,000 which is introduced
on 6 April, the paper says.