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Becaus of the “high income child tax” and student loan repayments marginal tax rates at just 50k hit 70%. They drop again at 60k, but it’s tricky to justify wor
by midasuni 4y ago
Becaus of the “high income child tax” and student loan repayments marginal tax rates at just 50k hit 70%. They drop again at 60k, but it’s tricky to justify working extra hard for a £5k pay rise when you only keep £2k of it.
Doesn’t help that you can’t file jointly in the U.K. either.