MONEY
INTERNALS
WHAT THE NEXT £1 OF PAY IS TAXED AT
—
Marginal rate here
—
Of a £1,000 rise, kept
—
Average rate
—
Salary
£49,000
Student loan
none
Plan 2
Children (child benefit)
0
1
2
Illustrative · England/Wales/NI · income tax + employee NI + HICBC + Plan 2 · no pension, no benefits taper · educational — not advice
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