3 ms·
Your calculation is way off, UK taxes are progressive but you don't just get a 45% once you reach the threshold - otherwise there would be salaries where it wou
by heavenlyblue 5y ago
Your calculation is way off, UK taxes are progressive but you don't just get a 45% once you reach the threshold - otherwise there would be salaries where it would be better to earn less than slightly more.
Here, the calculation: https://listentotaxman.com/?year=2021&taxregion=uk&married=false&blind=false&exni=false&marriageallowance=false&partnerwage=0&plan=&age=0&extra=0&taxcode=&pension=&time=1&ingr=100000 https://listentotaxman.com/?year=2021&taxregion=uk&married=f...
120K EUR is 79.7K E
PS: Also 120K EUR in the UK is NOT very senior.