Re:How I got the French Tech Visa to start my company in France
by mjohn on Friday August 21, 2020 @06:54AM
(#24233787)
That's a bit of a simplification.
From £9.5k to £50k you pay 12% national insurance in addition to income tax, so it's really 32% not 20% tax.
Over £50k you pay 2% national insurance.
Your employer will also be paying 13.8% national insurance.
Once your income exceeds £100k you start losing your personal allowance at a rate of £1 for every £2 over £100k, so you have no personal allowance after earning over £125k. This means that your effective marginal tax rate between £100k & £125k is about 60%
From £9.5k to £50k you pay 12% national insurance in addition to income tax, so it's really 32% not 20% tax.
Over £50k you pay 2% national insurance.
Your employer will also be paying 13.8% national insurance.
Once your income exceeds £100k you start losing your personal allowance at a rate of £1 for every £2 over £100k, so you have no personal allowance after earning over £125k. This means that your effective marginal tax rate between £100k & £125k is about 60%