The huge marginal tax rate is the problem, because it incentivises very productive employees to reduce their labour hours to below the threshold. Why work an entire extra day a week week you could wo… (View Post)

The loss of childcare from £100k is worse than the student loans. The point is that the marginal rate of income tax for typical professional salaried people earning > £100k with young families is … (View Post)

https://www.hl.co.uk/retirement/annuities/best-buy-rates (View Post)

Indeed. Hence the argument: if there are special rules for them, why not anyone with lumpy income? (View Post)

The marginal rate from 100-120k is even worse than that if you’re an MP with kids paying back student loans on top. (View Post)