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A comment on UK middle classes 'struggling despite incomes of up to £60k a year'. Parent comment

Re:UK middle classes 'struggling despite incomes of up to £6... by hankchinaski on Tuesday February 20, 2024 @06:14AM (#39439945)
the overall tax rate is lower, you also dont pay social security contributions. try getting a 50K dividend only payment vs a 50K payment via payroll. it's night and day
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Re:UK middle classes 'struggling despite incomes of up to £6... by derriz on Tuesday February 20, 2024 @06:41AM (#39440137)
Ok, but I was responding to the OP claim that dividends were subject to a flat 20% rate. This is not the case - dividend income is added to your earned income for income tax purposes.
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Re:UK middle classes 'struggling despite incomes of up to £6... by doix on Tuesday February 20, 2024 @06:56AM (#39440216)
It's added but taxed differently. You are correct, I got the details wrong. I should have just written there are tax advantages to not being PAYE. Writing a concrete number (especially when I wasn't sure about the details), was bad.
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