The £100K 60% tax trap
Nischa 0:51
5,236 views · 150 likes Watch on YouTube ↗
If you earn over £100k in the UK, there's a band where your effective tax rate is 60% — not 40%. 🇬🇧
You lose £1 of tax-free allowance for every £2 over £100k. The fix: pension contributions pull your adjusted net income back down and restore the allowance. The money isn't gone — it's just in your pension instead of HMRC's pocket.
#uktax #personalfinance #pension #100k #moneytok
You lose £1 of tax-free allowance for every £2 over £100k. The fix: pension contributions pull your adjusted net income back down and restore the allowance. The money isn't gone — it's just in your pension instead of HMRC's pocket.
#uktax #personalfinance #pension #100k #moneytok
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