Personal Savings allowance and earned income

Pat38493

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.

eskbanker

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.

zagfles

TheSpectator said:

The ship has sailed on thr carry back of 24/25 Gift Aid contributions to 23/24

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.