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Earning over £100,000? You might be paying an effective tax rate of 60% without even realizing it. This “hidden” tax zone catches thousands of UK taxpayers off guard every year. But a 60% tax trap calculator can help you uncover exactly how much of your income is affected—and what you can do about it.
Here’s how the trap works: As your income exceeds £100,000, your tax-free Personal Allowance (£12,570) is slowly taken away. For every £2 you earn over £100,000, £1 of your allowance is lost.
By £125,140, it’s gone completely. This creates a section of your income where you’re effectively taxed at 60%, even though the official rate is 40%.
A 60% tax trap calculator makes the impact crystal clear. Just enter your income and details like pension contributions or charitable donations. The calculator will show how much you lose in allowances and how to bring your effective tax rate down.
Planning ahead could save you thousands. You might choose to make a pension contribution, which not only secures your future but also reduces your taxable income. Or you might delay bonuses or shift income to a spouse in a lower bracket.
Use a 60% tax trap calculator now to get smart with your money. Don’t let stealthy tax rates take a bigger bite than necessary. For personalized strategies, reach out to a tax planning expert who can guide you through tax-efficient solutions.
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