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Yes. That was the point of the grandfather post. That on top of that you even have employers contributions. If you add all of that you will get a value that oft
by throwaway12309 11y ago
Yes. That was the point of the grandfather post. That on top of that you even have employers contributions. If you add all of that you will get a value that often reaches 50-60%. I've given the example of myself, since I'm self-employed I pay everything, my tax rate is around 60%.
- IanCal 11y agoAh, if you can still edit it then you might want to change "employee" to "employer" then. In which case your effective tax rate is ~35% rather than 38%, 36325 / 55780. My council tax is under £1200/year (and that's for the house, so we should only count half of that for me and half for my wife) and VAT is 20% on some but not all items. Pension contributions bring the tax rate down too, so it gets a bit hard to compare.