The £100k Tax Trap: Why a Pay Rise Can Make You Poorer
Send us Fan Mail Two households, both bringing in £100,000. One is a couple earning £50k each. The other is one person earning the lot. The couple keeps their child benefit, their 30 hours of funded childcare and their tax-free childcare. The single earner can lose all of it, and pays an effective 60% tax on part of…
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