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Have you ever cared how much tax you pay?
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this post was submitted on 25 May 2025
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Asklemmy
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In the UK there is a crazy band between £100k and £125k where for each two pounds above £100k you lose one pound from your personal allowance (personal allowance is £12.5k).
The effective tax rate for this is 60% then it carries on at the regular 40%
Always has struck me as odd.
Never paid this rate myself because I don't get paid enough. Apparently it disincentives doctors from doing overtime.
I recruit some people into this band. It always amazes me how much people care about whether they are paid £100k or £110k. The difference is about than £72 a week when they're already getting paid over £1,300 a week (after tax).
Ego.