Quote:
Originally Posted by Dave20046
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.