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Re:UK Treasury trying to find a Head of Cyber Security for £55k by onion2k on Sunday April 02, 2023 @05:57AM (#35408912)
£100k in the UK a top 10% wage for the country, but the wages in the UK are massively skewed towards London and the South East.

As for the tax, we have progressive taxation in the UK. Earning £100k, you'd pay 0% on the first 12.5k, 25% on the next 70k or so, and 45% on the last 27.5k (numbers are from memory so they might be a little off). High wage earners are not giving up half their income in tax. That'd be silly.

Re:UK Treasury trying to find a Head of Cyber Security for £55k by jstx1 on Sunday April 02, 2023 @06:41AM (#35409147)
Your numbers are way off. From next week it's:

    Basic rate of 20% on earnings between £12,571 and £50,270.
    Higher Rate of 40% on earnings between £50,271 and £125,139.
    Additional Rate of 45% on earnings from £125,140.

You also gradually lose your tax-free allowance if you make over £100k so there's a weird dead zone in which your marginal rate is something like 60%.

Then there's NI which is effectively tax too but isn't listed in the bands above. Someone on £150k is paying 40% tax and NI (total, not marginal). Not quite half but it's now low either.

Re:UK Treasury trying to find a Head of Cyber Security for £55k by LandR on Sunday April 02, 2023 @07:52AM (#35409593)
Are for those of us in Scotland, that 40% is 41% :/
Re:UK Treasury trying to find a Head of Cyber Security for £55k by teh_klev on Sunday April 02, 2023 @10:20PM (#35417781)
Yes and kicks in at just over 43k :(
Re:UK Treasury trying to find a Head of Cyber Security for £55k by Jochim on Sunday April 02, 2023 @08:38AM (#35409914)
The problem is most people simply aren't rich enough. The effective tax rate of our current, and richest, prime minister was only 22%. I'm on the low end of the higher rate bracket and already pay more than that, before counting NI/loans.
Re:UK Treasury trying to find a Head of Cyber Security for £55k by teh_klev on Sunday April 02, 2023 @10:19PM (#35417777)
That's for England and Wales. In Scotland it's different:

Personal Allowance Up to £12,570 0%

Starter rate £12,571 to £14,732 19%

Basic rate £14,733 to £25,688 20%

Intermediate rate £25,689 to £43,662 21%

Higher rate £43,663 to £150,000 41%

Top rate over £150,000 46%

Source: https://www.gov.uk/scottish-income-tax

Re:UK Treasury trying to find a Head of Cyber Security for £55k by vidarh on Sunday April 02, 2023 @06:12AM (#35408997)
Including NI it's more like 32% and 42%, and the 40% + 2% NI kicks in lower than that. But, yeah, the effective rate is far lower.

You hit 33% income tax + NI at 100k (see listentotaxman.com)