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Tax code calc

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StormT

StormT Posts: 1 Newbie

13 April 2014 at 9:54AM in Cutting tax

Can anyone please explain what happens to you tax code if you go over £100k, I'm confused by what HMRC say and the internet.

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Comments

CLAPTON Posts: 41,865 Forumite

13 April 2014 at 10:01AM

you lose £1 in allowance for every £2 over you are
so if your earn 120,000 you have zero allowance

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