Help end medical misogyny. Sign our petition.

Help end medical misogyny.
Sign our petition.

Sign the petition

Please or to access all these features

Other subjects

40 percent tax

1 reply

Rebecca9210 · 25/07/2023 14:03

Hiya.

I have had a payrise at work so in the middle of the tax rate I will go over 50k. Will I be taxed 40 percent as soon as I go over 50k or will it be the average over the tax year.

Thank in advance

OP posts:
flipent · 25/07/2023 14:04

You will be taxed on the assumption that you will continue to be payed at the higher rate.
You will only be taxed 40% on the part of your salary which is over the threshold.

New posts on this thread. Refresh page