Would anyone (experienced) know how the 40% income tax band works?
2008-09 Higher rate: 40% Over £34,800
1. What is the income amount that equates the tax paid by anyone earning more than £34,800?
2. Are bonuses included? What other legit ways (in a payrise package) can an employee ask for a decent raise so that it is worth going into the higher tax band?
Thanks in advance.