At What Point Does Moving Up To 40% Tax Make Sense?

weejimmykrankie

I've been offered a new job and the salary is negotiable. I am useless with numbers and can't figure out at what point would stepping up from 22% to 40% tax bracket actually benefit you (i.e how much over the £33,301 do you have to go to make more money that you would have done at the 22% rate under £33,000?). Does that make sense?
I am one of those people who's not married or has kids so therefore have to pay through the nose for everything and get s*d-all credits/benefits in return.
Numbers make my brain hurt - can someone please help?

Sobraon

Just an idea but don't pay tax at 40%. Make contributions (extra if needs be) to your pension scheme, which means for every £1 you contribute effectively 40p has come from not having to pay income tax on the contribution. Of course this only partially defers the tax, as eventually your pension income will be taxed (but probably at the lower rate).

ManAtHome

Although if you have savings, you also lose an extra 20p for every quid interest.

Mind you, still an extra 40p for every pound...

Astaroth

At the point that you are 1p over the 40% threashold does it make sense to be there.

You only pay the 40% tax on money that you earn over the threashold (so as others have said you get 60p for every £1 earned)... the first £33,000 (or what ever the threasholds are) continue to be charged at the basic 22%.

I cannot think of any circumstances where this wouldnt hold true as things like savings income and BIKs all should be included in your tax calculations