Will this bonus season see you maxing out your credit cards, or making the most of your tax-free allowances?
Well-paid professionals say they are feeling the pinch this year as less generous pay and bonus packages are eaten away by bigger mortgage repayments, higher taxes and rising living expenses.
Overall, 58 per cent of the 2,675 respondents in the FT’s annual bonus survey expect their 2024 payout to be lower or about the same as last year, reflecting the gloomy outlook as the financial sector cuts costs, and in many cases, jobs.
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