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There's no threshold at £123,700? In my case, if Commie McDonnell ever gets in no 11, several things will happen: 1) I will move to self-employed contractor status if I can 2) I will divert above threshold income into pension contributions 3) I will diversify my income streams into multiple...

Generally anyone who is PAYE is not rich. Wealth is derived from property or business equity and not income. Salaried income services debt, usually. Most business owners take a relatively small salary and top up income via lower tax dividends. This is why Labour's plan to increase tax on PAYE...