What you really pay on the 20p tax rate
The basic rate of tax is the 20p rate, right? Wrong. By the time you add in Employer's and Employee's National Insurance and Student Loan repayments, the average employee on a salary between £23,000 and £42,000 is paying almost 50p in tax. 20p? Hardly.
3:14 PM 14, Nov 2017 Ben Ramanauskas
1:44 PM 06, Nov 2017 Duncan Simpson
4:39 PM 02, Nov 2017 The TaxPayers' Alliance
5:06 PM 01, Nov 2017 Duncan Simpson
5:39 PM 30, Oct 2017 Ben Ramanauskas
12:00 PM 20, Oct 2017 Ben Ramanauskas