I moved into the 100k bracket 3 years ago, and have just hit 125k this Jan. I am the sole earner in our house, wife can't work and have a 12 year old boy.
And I've been trying (and failing) to work out why it seems like more than 40% of my earnings are taken as tax.
And why I need to do tax returns as I've always been PAYE with no other income sources.
I moved into the 100k bracket 3 years ago, and have just hit 125k this Jan. I am the sole earner in our house, wife can't work and have a 12 year old boy.
And I've been trying (and failing) to work out why it seems like more than 40% of my earnings are taken as tax.
And why I need to do tax returns as I've always been PAYE with no other income sources.