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Income Tax Help
natalieta
Posts: 25 Forumite
in Cutting tax
Hi All,
I need a bit of help regarding Income tax - I am approaching the 40% tax band and want to know if there is anything I can do to avoid it. The reason being is that I will take home less than I was earning in my previous tax band. Can I ask my employer not to give me a bonus, so I wont go into this tax band??????
Many Thx in advance
Natalieta
I need a bit of help regarding Income tax - I am approaching the 40% tax band and want to know if there is anything I can do to avoid it. The reason being is that I will take home less than I was earning in my previous tax band. Can I ask my employer not to give me a bonus, so I wont go into this tax band??????
Many Thx in advance
Natalieta
0
Comments
-
You won't take home less - it's just that the extra pay will be less than at lower earning levels.
The 40% is only on the excess over the band limit, not on everything you earn0 -
Oh I see, thanks very much I was beginning to worry, this site is great and such a quick reply.
Thanks Again
Natalieta0
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