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Comment by Sholmesy

As well as the childcare benefit removal others have mentioned, you also begin losing your "tax free allowance".

The marginal tax rate for 100k -> 125k is 60% (due to losing the ~£12k tax free allowance)

  "Your personal allowance goes down by £1 for every £2 that your adjusted net income is above £100,000. This means your allowance is zero if your income is £125,140 or above."
parent Sholmesy 11 months ago

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