31 May 2024

Accountant Explains UK's HIDDEN 60% Income Tax Rate

Kiran Kaur: In this video, I will explain how you can unknowingly fall into a 60% tax bracket in the UK.

I will talk through: - UK income tax thresholds and tax rates - The 60% tax trap and how it applies - How to avoid paying the highest rates of income tax in the UK 

TIMESTAMPS: 00:00 - Intro 00:37 - The UK income tax system 02:12 - Personal allowance 03:39 - How to pay less tax

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