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You lose your personal allowance half a percentage point for every pound you earn over £100k. People who earn £125k get 0 of the basic rate. The fun thing is t
by mFixman 8y ago
You lose your personal allowance half a percentage point for every pound you earn over £100k. People who earn £125k get 0 of the basic rate.
The fun thing is that total marginal income tax between those two numbers is 60% without counting national insurance.
- IkmoIkmo 8y ago> The fun thing is that total marginal income tax between those two numbers is 60% without counting national insurance. Could you elaborate?