Tag: UK tax
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Betfred Brothers Named UK’s Biggest Taxpayers on Sunday Times’ Tax List
Introduction: Britain’s top taxpayers revealed The Sunday Times has published its eighth annual Tax List, highlighting the 100 wealthiest individuals and families whose contributions to UK tax reached an impressive total of £5.758 billion this year. The list underscores the significant role that high earners and major business owners play in funding public services, while…
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Rising to £100k: Why 2 Million UK Workers Face Steep Taxes and What It Means
Introduction: A growing tier of UK earners Amid a shifting economic landscape, more UK workers are crossing the £100,000 threshold. Data and policy analysis show that earning five figures more can dramatically alter take-home pay, thanks to marginal tax rates, national insurance (NI), and student loan repayments. This article explains who these earners are, how…
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Record 2m workers earning over £100k: tax trap explained
Overview: A growing group earning beyond the £100,000 mark Britain is witnessing a significant share of workers crossing the £100,000 annual earnings threshold. While this milestone signals higher income for many, it also ushers in a complex tax landscape. For the roughly 2 million people earning between £100,000 and £125,140, the marginal tax rate on…
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Record 2m workers to earn over £100k: what it means for take-home pay
Rising numbers crossing the £100k threshold Recent discussions around taxation in the UK have spotlighted a growing reality: around two million workers are expected to earn more than £100,000 in the coming year. While crossing the £100k mark is a milestone for many professionals, it also triggers changes in how much of each extra pound…
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Will Paying for Family Holidays Trigger an Inheritance Tax Bill? Practical Guide
Can Paying for a Family Holiday Trigger Inheritance Tax? Many families consider paying for a loved one’s holiday as a generous gesture. But when you’re thinking about a lump-sum trip or ongoing family travel, it’s natural to wonder: could this move you into inheritance tax (IHT) territory? The short answer is usually no, but there…