Quote:
Originally Posted by Neil
So you pay 20% on earning from £6,475 to £43,875 and then 40% on earnings over £43,875, is that correct?
|
Nope, its definately 40% on anything over the 37K.
Brain drain - possibly but in teh worlds climate as it is there isn't many places where you are unlikely to get hit. The potential for tweaks only comes in for those outside the PAYE system. Self employed, business owners etc. then its all about how many things can be set against tax, wages to spouses as directors etc. I personally don't have an issue with playing teh game. teh rules are there and put there by very clever people. If there is a loophole then fair do's, use it to your advantage.