Admiral and Moneysupermarket pay early to beat the tax rise

Insurer Admiral aggregator Moneysupermarket.com have paid bonuses early to avoid the 50% tax rate, the Times reports.

Simon Nixon, who founded Moneysupermarket and holds 52.7% of the business, will receive more than £20m from two special dividends it paid this year while the tax on earnings over £150,000 was 40%.

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