HMRC alert: £100k tax trap 'puts the brakes' on Britons' careers as thousands face 71% charge

HMRC alert: £100k tax trap 'puts the brakes' on Britons' careers as thousands face 71% charge

The infamous £100,000 tax trap is resulting in thousands of young Britons "putting the brakes" on their careers to avoid a 71 per cent charge from HM Revenue and Customs (HMRC), new research indicates.Research from wealth manager Killik & Co reveals that more than one in five high earners believe the £100,000 tax trap is harming their professional advancement.The study, which surveyed 2,000 individuals earning six-figure salaries, found that 10 …