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Old 24-03-2009, 21:26   #24
katex
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Re: 45p Tax on high earners

Quote:
Originally Posted by planetsusie View Post
What is the criteria for high earners now? Has that line shifted?
Quote:
Originally Posted by andrewb View Post
I believe it's above £150,000
Quote:
Originally Posted by West Ender View Post
That's after deduction of your personal allowance of £6,475 (if you're under 65) so your gross earnings would be £43,875 before you're in the 40% band.
Understand all this, but what is Andrew talking about with a £150,000 tax band ? Is this where the new 45% is coming from or over the current (well, 2009/10) 'high earners' rate of over £37,400 ...
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