> With respect to the income tax, it is possible for higher earning (not by US standards) employees to receive a bonus and actually take home less money than before they received the bonus.
What are you referring to here? Higher rates of income tax are only taken on the money earned over the band. So If you earn £50,271, you pay 20% on £50,270 and 40% on £1.
What are you referring to here? Higher rates of income tax are only taken on the money earned over the band. So If you earn £50,271, you pay 20% on £50,270 and 40% on £1.
Are you referring to some other kind of tax then?
https://www.gov.uk/income-tax-rates