Attention Doctors.
Beware Of This 60% Marginal Rate Of Tax If Your Income Is Over £100,000.
We all have to pay our taxes but isn’t 60% a bit too much? Especially if you’re able to do something about it?
If you earn more than £100,000 then slice of your earning between £100,000 and £125,000 get taxed at 60% marginal rate.
But with careful expense and pension planning, you might be able to reduce this tax.