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To be annoyed at the new tax brackets?

307 replies

Justbrowsing2024 · 26/02/2025 19:44

Means myself and lots of people I know will need to pay 40% tax. The new thresholds being lowered means we will be worse off at a time when everything is going up. I know it's only on a proportion of salary but it's a proportion that was going towards the increase in mortgage (due to come off an amazing low rate), imminent increase in childcare fees, council tax and everything else.
I know it's affecting so many people but today I have felt really flat.

I'm not anywhere near the top of the threshold (£45500 salary) and unlikely to get a payrise.
I'm sure tomorrow will feel brighter but feel free to join my pity party

OP posts:
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7
EsmeSusanOgg · 26/02/2025 19:50

Are you in Scotland?

WispasAreNicerThanFlakes · 26/02/2025 19:49

I’m very confused! What income tax change are you talking about?

UnfollowTopic · 26/02/2025 19:49

Have you had a pay rise?

LuluBlakey1 · 26/02/2025 19:49

Do you live in England- because they haven't changed?

LadyEstrellaDellaheugh · 26/02/2025 19:48

What!? Link please...?

AtomicBlondeRose · 26/02/2025 19:48

What changes? you’re not in the 40% tax bracket on that salary.

PrincessTilly · 26/02/2025 19:47

Income tax rates haven't changed for a very long time. Which rates are you talking about?
https://www.gov.uk/income-tax-rates