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Personal Savings allowance and earned income
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That’s not how I would define “marginal tax rate” in this example. My definition is - how much more money did I make in total, versus how much more income tax did i pay in total. HMRC is obviously using a technical definition in order to cover up the cliff edge.0
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Surely the above is all at cross purposes? The "marginal rate" for any very small incremental amount that actually takes one over the cliff edge can indeed by expressed as a stupidly high percentage, but once past that cliff edge, it returns to what would normally be considered to be the marginal rate.2
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Not if you're in SA and haven't done your tax return yet. It might be too late if you don't do tax returns, not sure about that.TheSpectator said:The ship has sailed on thr carry back of 24/25 Gift Aid contributions to 23/240
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