Satch
MB Enthusiast
- Joined
- Nov 24, 2003
- Messages
- 3,508
- Location
- Surrey
- Car
- S211 E320Cdi Avantgarde Estate & Toyota Land Cruiser
Cutting through all the nonsense, this is what it actually means in terms of income tax and NIC for employed individuals per KPMG relative to your 2008/9 net income
Income/year 09/10 10/11 11/12
10,000 118.80 118.80 215.58
25,000 118.80 118.80 140.58
50,000 343.30 343.30 240.08
75,000 343.30 343.30 115.08
100,000 343.30 343.30 -9.93
125,000 343.30 -951.70 -1429.93
150,000 343.30 -2246.70 -2849.93
175,000 343.30 -2246.70 -4224.93
200,000 343.30 -2246.70 -5599.93
Clearly engineered to give everybody a bit of a bung now and then smite those on £100k+. But not until after the next election, of course.
http://www.kpmg.co.uk/budget/personal-tax/index.cfm
Income/year 09/10 10/11 11/12
10,000 118.80 118.80 215.58
25,000 118.80 118.80 140.58
50,000 343.30 343.30 240.08
75,000 343.30 343.30 115.08
100,000 343.30 343.30 -9.93
125,000 343.30 -951.70 -1429.93
150,000 343.30 -2246.70 -2849.93
175,000 343.30 -2246.70 -4224.93
200,000 343.30 -2246.70 -5599.93
Clearly engineered to give everybody a bit of a bung now and then smite those on £100k+. But not until after the next election, of course.
http://www.kpmg.co.uk/budget/personal-tax/index.cfm
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