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If you have children, you lose out on child benefit between 60k and 70k, which adds an equivalent 10% in that margin. Between 100 and 120k there is also the lo
by darkr 6y ago
If you have children, you lose out on child benefit between 60k and 70k, which adds an equivalent 10% in that margin.
Between 100 and 120k there is also the loss of personal allowance, which results in a marginal tax rate of 62% in that bracket. If you have children between the ages of 3 and 4, you also lose out on 15 hours/week childcare, resulting in that marginal tax rate hitting 89%
- nicoburns 6y agoThe marginal rate in a small bracket isn't that relevant to the effective rate though.