US EditionUK tax brackets and personal allowances
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UK tax brackets and personal allowances
Hey, do you know your tax brackets? I’m talking about the critical bands that determine whether you’re a basic (20%), higher (40%), or additional-rate (45%) taxpayer. Everyone knows their height and their shoe size. Most teenage boys even spend a furtive moment with a ruler. But many of us have no idea where the various tax brackets start and end – nor where our income falls within these bands. True, the freezing of personal tax allowances and i…
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