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- Re: Heres a thought re 40% tax bracket threshold
Posted by Todd1433 on 20/11/2022, 13:48:13, in reply to "Heres a thought re 40% tax bracket threshold"
No, you are only taxed at 40% for the amount that is above the threshold, not the entire sum.
If you are on £55k for example, the bit after your allowance and up to £50k is at 20%, £5k is at 40%
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