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Re: 45p Tax on high earners
Quote:
Originally Posted by Neil
Your tax already doubles then when you reach £37,400.....
I think the 40% band should be moved a lot higher than £37,400
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That's after deduction of your personal allowance of £6,475 (if you're under 65) so your gross earnings would be £43,875 before you're in the 40% band.
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