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income tax rates
rondunn58
Posts: 4 Newbie
My friend has an income of approx £33,000 a year from his main job plus a pension income from a previous job of £7000 he has been told he will pay 40% tax on all income over £37,400 by the HRMC. I told him that he should be able to add his personal allowance to the £37,400 making his 20% threshold £43.875 meaning he should not pay 40% tax on any of his income. Could someone tell me if I am correct .
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