Originally Posted by
JaxofMarlow
My understanding was that "additional tax rate" starts at over £150000 and is 45%. I have seen nothing that changes this.
For every £2 over 100k you earn, you lose £1 of your tax free allowance. So this means that between 100k-122k (or whatever it is) you gradually lose your allowance, as the allowance is 11k, On top of paying 40% tax- so works out to be a loss of 60% overall.