It is very easy to analyse figures when there are different factors involved and to come up with an equivalent tax figure. This equivalent figure is basically classed as the amount of earnings you will lose in tax as your earnings increase over various levels. Not only do you take into account the actual tax you are paying but also any difference in tax paid at a lower rate. Continue reading 60% Tax For Earnings Over £100k
Category Archives: Paying Tax
Is My Pension Taxed?
If you are about to retire, whether that be from taking a private pension or your State pension, you may wonder if your pension will be taxed. Continue reading Is My Pension Taxed?
Do I Still Pay Tax When I Retire?
Many people are under the impression that when they retire they will no longer have to pay any tax. Unfortunately this is not true. There is one benefit of reaching State Pension Age and that is that you no longer have to pay National Insurance Contributions. However, tax is another matter. Continue reading Do I Still Pay Tax When I Retire?