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Will i pay higher rate tax next year?
Weewdy
Posts: 96 Forumite
My earning for year 2016-2017 will be approx 47/48000 due to a 6 month promotion at work. My earnings 2017/2018 will be around 38000. Wjat happens with regards to tax?
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Comments
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You'll pay higher rate tax this tax year, not next year.0
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Had you considered a pension contribution this year to avoid higher rate tax?0
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My earning for year 2016-2017 will be approx 47/48000 due to a 6 month promotion at work. My earnings 2017/2018 will be around 38000. Wjat happens with regards to tax?
as long as your taxcode is correct, your tax will be correctEU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
if the promotion is temporary then some of your income will be taxed less as it will still be 20% tax and only 2% NI rather than 12%.0
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The figures quoted are after my pension deduction.0
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