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The U.K. taxes income from work more than any other income. If you got paid 150k gross you’d end up with 80k net in your bank account after paying both parts o
by midasuni 3y ago
The U.K. taxes income from work more than any other income.
If you got paid 150k gross you’d end up with 80k net in your bank account after paying both parts of NI (23k) and income tax (46k)
If you “earnt” 150k from renting out a property you only pay the income tax, so net 96k.
If you made 150k capital gains you net 108k.