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Yep my thoughts entirely; this will be a swinger for graduates looking for a job. When you pop above 45K here tax starts to get excruciating (40%) so that is p
by ErrantX 17y ago
Yep my thoughts entirely; this will be a swinger for graduates looking for a job.
When you pop above 45K here tax starts to get excruciating (40%) so that is probably why the upper limit is sat there (I get 8% year on year increase in my current job and it's barely noticeable due to tax...)
- adamt 17y agoIt's a bit of misconception that tax increases that much - as national insurance drops off. E.g http://www.thesalarycalculator.co.uk/salary.php http://www.thesalarycalculator.co.uk/salary.php (figures in GBP) 30k -> 22.6k (25% total employee tax burden) 45k -> 32.8K (27% total employee tax burden) 90k -> 59.4K (34% total employee tax burden) 135k -> 86.0K (36% total employee tax burden)
- ErrantX 17y agoYou missed a key figure though: 60K -> 41.7K (30% total employee tax burden) There is a sudden big leap (of an extra 1%) in that particular range before it settles back down again.