(d) evaluate the effect on Gerard of the changes to be made by Fizz plc to its performance related bonus scheme.
You should ignore the effect of any pension contributions to be made by Gerard in the future, consider both
the value and timing of amounts received by Gerard and include relevant supporting calculations.
(5 marks)
Note: – You should assume that the income tax rates and allowances for the tax year 2006/07 apply throughout
this question.
正确答案：(d) Implications for Gerard of the changes to Fizz plc’s bonus schemevalue receivedUnder the existing scheme Gerard receives approximately ￡4,500 each year. This is subject to income tax at 40% andnational insurance contributions at 1% such that Gerard re
