3 ms·

45% tax

• mattmanser 5y ago
  That's not the employer tax rate. They pay like 13% national insurance. The rest of the tax is paid by the employee. And the 45% rate is only on any earnings OVER £150k. So the money eart less than that is at lower rates.
  • JonChesterfield 5y ago
    60% between 100k and 125k, then 40% to 150k, then 45% beyond that. Which is weird and hidden behind incrementally removing the 'personal allowance'. Threshold is probably 100 + (personal allowance)*2 where that was 12.5ish last I looked. Also some state support (childcare maybe?) evaporates at 100, which is fairly similar to another tax.