4 ms·
Yeah, there's also serious disadvantages to taking > £100k salary in the UK because your marginal tax rate hits 60% as the personal allowance is withdrawn.
by physicsguy 6y ago
Yeah, there's also serious disadvantages to taking > £100k salary in the UK because your marginal tax rate hits 60% as the personal allowance is withdrawn.
- jpat 6y agoTrue, but it does dip back down to the marginal rate of 40% at £120k. https://www.contractorcalculator.co.uk/marginal_tax_rates_explained.aspx https://www.contractorcalculator.co.uk/marginal_tax_rates_ex... shows this with a clear graph.