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villaaston1 | 3 years ago

Are you sure your tax rate is 55%? You’d have to be earning £500k+ and paying off a Plan 4 student loan for that to be the case.

discuss

order

intunderflow|3 years ago

Part higher, part additional rate + 9% student loan repayment + national insurance contributions

I'm nuking the student loan as fast as possible, especially with the interest rates being near extortion, so hopefully that will mean I get more take home in the future

mrcartmeneses|3 years ago

Ah so you’re choosing to repay a loan faster and calling that tax. Be honest please

Scoundreller|3 years ago

You haven’t included VAT in your effective tax rate.