3 ms·
> In the UK at least once you go into the 45% super high earner bracket (150k I think) The personal allowance decreases by £1 for every £2 you earn over £100k.
by gchadwick 11y ago
> In the UK at least once you go into the 45% super high earner bracket (150k I think)
The personal allowance decreases by £1 for every £2 you earn over £100k. Combined with the existing income tax this is equivilent to having a marginal rate of 60% on earnings between 100 and 120k.