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Old 21-01-11, 10:54 PM   #40
Reeder
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Quote:
Originally Posted by Dave20046 View Post
You are correct, was just about to say this.

So G if you're on 35k and your 2.5 % payrise puts you up to £35,352.50 you'll be paying 40% on that £352.50....
Imagine that's good news if you were expecting to be giving away 40% of your £35 odd k
Wrong! It's your personal allowance and then 35k on top.
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