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.
10:43 AM 20, Jan 2017 Alex Wild
1:52 PM 17, Jan 2017 James Price
11:37 AM 16, Jan 2017 The TaxPayers' Alliance
3:30 PM 13, Jan 2017 James Price
10:39 AM 06, Jan 2017 Dia Chakravarty
12:52 PM 05, Jan 2017 The TaxPayers' Alliance