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Abigail Foster
2
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Finance
finance · Metro
Abigail Foster notes that the Office for National Statistics reports a median monthly salary of £2,588, and that earning over £80,000 places a worker in the top 10% of UK earners.
“the ONS figures show a median monthly salary of £2,588, earning over £80,000 puts a worker in the top 10% of UK earners.”
2588 £
10 %
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finance · Metro
Abigail Foster warns that for every £2 earned over £100,000, one loses £1 of tax-free allowance, resulting in an effective 60% marginal tax rate between £100,000 and £125,140.
“For every £2 you earn over £100,000, you lose £1 of tax-free allowance… That creates an effective 60% marginal tax rate between £100,000 and £125,140.”
60 %
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