If I earn just above the 20% tax limit of £42,476, will I pay 40% only on the amount above £42,476 or all the amount?

by , 5 months ago•Open Question
Related:Personal Finance•Tax•Income Tax

Answers (1)

Hi,

Just on the bit above it.

Don't forget that your taxable income is decreased by the amount you pay into a pension scheme, an approved share investment plan or e.g. the bike to work scheme.

by G-Man, 3 months ago

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