My partner is about to be promoted into SMT level, with possible 45k + salary. I freelance, and don't bring in any serious numbers (�2k a year?) but we have the max childcare vouchers and wondered if anyone had experience of jumping to the next tax bracket of 40%?
Also, do you have a company car? How does the tax work? He will be able to negotiate his new salary but not sure what numbers to go for.
If he is around 45k -there may be a way to reduce his taxable pay e.g by pension contributions to bring it below the 40% tax bracket. Also, how long as he been claiming the vouchers? People who have been claiming a fair few years are on an old system and can still claim the higher amount even if higher rate tax payers. (Sorry I don't know any details about this but I am sure someone else will.)