What is your UK income tax rate?
Posted by Julian Behrman on 31/03/14 in TAX BACK | Comments Off on What is your UK income tax rate? Most UK income taxpayers believe it to be 20pc or 40pc, perhaps even 45pc but, of course, there is an extra ‘tax’ on earnings, known as National Insurance (NI)!So, as salaries rise, the real UK income tax effective rates – including NI – change from 32pc to 42pc to 62pc then back to 42pc and, finally, to 47pc. And, as the great Michael Caine would say…. ‘Not a...read more