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curiousguy | 2 years ago

You can easily put money in your pension and avoid the tax.

So if you’re making 125k and put 25k in your pension, you will only pay taxes on 100k.

Take advantage of tax wrappers and UK tax is kind of okay when comparing with other countries.

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ubercow13|2 years ago

Absolutely. The 60% marginal rate will still kick in somewhere though, with the recent increase in annual pension allowance I guess it would be 160-185k, which would actually make it 65% as it'd be on top of the additional rate.