surcharge

Roth withdrawals also won’t increase your income for purposes of calculating Medicare Parts B and D premiums, which are subject to a surcharge for higher-income retirees.

A planned council tax surcharge for high value properties will not apply in Wales.

In its assessment, the OBR said the costings for the new surcharge had a "high" degree of uncertainty.

The policy also specifies that international visitors without an annual pass will need to pay a $100-per-person surcharge at 11 of the most visited national parks, which include Acadia, Grand Canyon, Yellowstone, Yosemite and Zion.

Using this lesser-known tax strategy creates the potential to reduce exposure to higher future tax brackets and to prevent potential Medicare surcharges, which are triggered at certain income levels.