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might enter higher tax bracket

1jim · 2019-11-28 20:08:45

Hi all, I am in the fortunate position that I may enter the higher tax bracket next year I think my salary will be £51668 next financial year I am employed in the NHS and pay into NHS Pension at a rate of 12.5% I am right in thinking that this will reduce my "income" to below the higher tax bracket? And on a slightly…

Comments

1jim Posts: 2,683 Forumite

30 November 2019 at 9:43AM

Dazed_and_confused wrote: »

Your existing pension contributions are sufficient to keep you out of both the 40% tax bracket and mean you won't have a High Income Child Benefit Charge to pay.

Thank you so much for your help and reassurance. Am obviously delighted to fall outside of both of these.

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