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.
6:00 AM 26, Nov 2016 Harry Fairhead
4:56 PM 24, Nov 2016 James Price
2:13 PM 23, Nov 2016 The TaxPayers' Alliance
10:57 AM 23, Nov 2016 Alex Wild
9:45 AM 23, Nov 2016 The TaxPayers' Alliance
6:00 AM 19, Nov 2016 Harry Fairhead