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[News] Do you pay more than the basic rate of Income Tax?

Do you pay a higher rate of Income Tax?

  • Yes

    Votes: 61 56.0%

  • No

    Votes: 48 44.0%
  • Total voters
    109
  • Poll closed .


Papak

Papak

Not an NSC licker...
Jul 11, 2003
1,938
Horsham
No, not a Monopoly question, do you earn over the HMRC threshold for an increased rate of income tax?

https://www.bbc.co.uk/news/business-61996117

Higher rate taxpayers paying 40% earn £43,663 or over in Scotland and £50,271 in England, Northern Ireland and Wales. They do not pay tax on the first £12,570 of earnings covered by the personal allowance.
 








Blue Valkyrie

Blue Valkyrie

Not seen such Bravery!
Sep 1, 2012
32,165
Valhalla
No, I've bubbled under the threshold since 2009.
 






Papak

Papak

Not an NSC licker...
Jul 11, 2003
1,938
Horsham
albionalbino said:
Is the OP working for HMRC?
Click to expand...

No, just a bit nosey :) (see post #2)

I suspect a lot of us down South were likely either already there or have been dragged into the higher brackets.

Poll results are not public.
 
Last edited:




beorhthelm

beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,341
6.1m higher rate payers, about 25% of workers.
 




Herr Tubthumper

Herr Tubthumper

Well-known member
NSC Patron
Jul 11, 2003
59,835
The Fatherland
[MENTION=12697]Steve Foster[/MENTION] does
 


jakarta

jakarta

Well-known member
May 25, 2007
15,639
Sullington
Yes, have two jobs (self employment plus PAYE for my Hourly Paid Lectureship at a London University) plus a Pension from my time working in the Chemical Industry which is also taxed of course - something I find repellent as I paid income tax the first time around.
 








schmunk

schmunk

"Members"
Jan 19, 2018
9,548
Mid mid mid Sussex
jakarta said:
a Pension from my time working in the Chemical Industry which is also taxed of course - something I find repellent as I paid income tax the first time around.
Click to expand...

Your pension contributions would have either been provided tax-free by your employer, or you would have received tax relief on your personal contributions (within varying limits). There shouldn't be any double taxation.
 


vegster

vegster

Sanity Clause
May 5, 2008
27,910
Luckily my employer makes sure that I pay an incredibly small amount of Income Tax...just £75.80 of my next pay packet goes in tax.
 






beorhthelm

beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,341
vegster said:
Luckily my employer makes sure that I pay an incredibly small amount of Income Tax...just £75.80 of my next pay packet goes in tax.
Click to expand...

solution there is a new job.
 








Knocky's Nose

Knocky's Nose

Mon nez est en Valenciennes..
May 7, 2017
4,137
Eastbourne
Not any more. I've gone from a high-earner to someone who would probably be better off delivering for Just Eat... :glare:

All part of the rich tapestry of life though. I'll be back. :D
 


vegster

vegster

Sanity Clause
May 5, 2008
27,910
beorhthelm said:
solution there is a new job.
Click to expand...

Ha Ha, yes, of course it is ! The official Tory " How To Beat Poverty " answer ! And I have tried too but there are not too many openings for a 62 year old bloke these days. Two years ago I almost made it to the interview at the Blood Transfusion Service, thats as close as I got to an annual wage of £21K. Maybe I should get a second job on the checkouts at Morrisons then ? Or, follow Gavin Williamson's lead ? :rotlf:
 


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