Where is the incentive.....

All pension contributions do is move the band of income that is affected.

If you have nursery age children and earn 170k and make the max 60k pension contributions you are worse off than someone in the same position who makes the same pension contribution but earns 155k.

Because families with young children need the cash now not later in the form of a pension.

@Nollybolly6

We are a single income family and my husband earns £119. Worse off than if he earned £99k.

I'm not sure why the option to use pension contributions to defer your access to your above £100k income is being repeatedly ignored here.

100% pension contributions end up in your pension pot. It's such a win.

Yes of course they would slap 😀😀 it would no doubt be a privilege to do so!

And if they win the lottery say £10 million, they'd voluntarily hand over £9.999 million to HMRC to help others 😂

The “it’s a privilege to pay tax” posters have obviously never been self employed! And I suspect are benefit recipients…

Yanbu - as has been mentioned, get a better accountant.

I earn way less than you, OP, but I completely agree with you.

Paying an appropriate amount of tax is a privilege. It's the cost of living in a caring society.

I don't think anyone disagrees with paying taxes but the appropriate amount is definitely up for debate!

This country does not have "a mentality".
There is no hive mind, it's a diverse nation.
Many people achieve, and many people make a lot more than you, and manage to continue successfully.

I have never read so much rubbish is all my life. Greedy for earning over 100k? I do not agree. At all!

True people will just go. Cue the typical mn response from some good but that’s madness which will impact them more than others.

We’re seeing policy impact already. It might all fall down soon anyway if the markets keep reacting.

Communism relies on closing borders and restricting people and capital leaving so that won’t happen. More likely gradual loss of talent and further decline as we are already witnessing anyway. What we need is investment in talented people and jobs and growth industries like tech and AI, but with a proper collaborative plan across universities, industry, private and public sector. The problem here is the lack of faith in Government - you cannot plan long term as they give in to dog whistle politics and things can quickly go against you as a business leader. The most successful countries now have the long term backing of their Governments.

😂 at hogging all the high paid work. Er I’ve just gone on mat leave and they couldn’t find anyone after 6 months of trying to cover my role…..

If this taxation goes much further we are veering into communism- a group of us work hard to fund those that can’t / won’t but we all end up with about the same.

Maybe am old fashioned but I take pride in the fact I am self supporting unless I really needed benefits due to disability I would hate to think others were paying my way. Amazed how this doesn’t bother people.

Stupidly paid job? Greedy? Are you for real? If you're given the same opportunity or if you have OP's skills you wouldn't turn down the money. Hypocrite.

Once you're earning more than enough money for yourself, an unfair amount (as you're likely not working legitimately 4 times harder than a health worker or carer only earning 25k, it's just capitalism is bonkers) they give you incentive to drop your hours down to make room for others. So other people have that oppurtunity. If you're hogging all the hours of the stupidly paid job, no one else gets the chance to climb and earn even a portion of the stupid money.

There are more than enough people who will work the hours you don't need to work, so this gives you incentive to step aside and let them - whilst still allowing you to afford housing and food.

You can keep hogging all the high paid work and plonk it into your pension if you like, which will just contribute to the tax bill when you're older, which also benefits society.

Youre just getting incentive to not be so greedy and let someone else get a look in.

This. Probably same people who mocked the lady who asked about the expensive holiday. The because I have not much, you should not have much either brigade.

OP The justification is to make people poorer, and own nothing eventually. They also know human nature and brainwash people and manipulate envy to attack anything or anyone labelled as being ‘privileged’.

Totally sympathise

There are a number of cliff edge / high marginal rate moments across both taxation and benefits, the over £100k, the loss of child benefit advantages, the limit on working hours or earnings for benefits, even the winter fuels allowance

Much more gradual tapering and not grouping these issues ( in you case the loss of allowance and childcare) is just simply the right thing to do but govts repeatedly fail!

Really annoys me when people criticise high earners for being frustrated about it, or act as though they are immoral for taking action to mitigate like going part time, I I have the same sympathy for those with benefits

Max out your pension though!

Yes - the thing that is "seriously wrong" is the tax / benefit system combination. A single mother earning £125k a year with two under 5s children in full-time childcare would literally be better off if she halved her income.

It’s probably poorly designed as intended, to arrest growth and productivity, I.e. communism.

An "appropriate amount of tax" is the issue. It's insane that people (parents, who almost certainly have high expenses) have a lower take-home pay if they earn £125k than if they earn £99k. That's not in any way related to roads, dentists or state schools. It's a very poorly-designed system.