Sainsburys rushes bonus payouts to avoid tax hike

The supermarket chain is one of several companies paying bonuses early to avoid the so-called ‘supertax’ which comes into force on 6 April.

Senior staff at Sainsburys will receive their bonuses three months early this year so that they can be taxed under the current rate of 40%, rather than having to pay the increased rate of 50% which is being introduced for those earning more than £150,000 in April.

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