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16th Mar 2023, 12:55
Replies: 47
Views: 21,339
Posted By midnight cruiser

With kids, the £100k wall gets even more...

With kids, the £100k wall gets even more ridiculous, more than 100% marginal tax, due to rules over free child care places. "A parent with two children under the age of three would be better off...
16th Mar 2023, 07:09
Replies: 47
Views: 21,339
Posted By midnight cruiser

Correct - the term is marginal. The effect...

Correct - the term is marginal.

The effect of very high marginal rates and fiscal drag, is that people reduce their productivity as they get pushed into this 62% band.
Net effect; so crewing want...
18th Feb 2023, 17:54
Replies: 47
Views: 21,339
Posted By midnight cruiser

Backwards reasoning (but the correct conclusion)!...

Backwards reasoning (but the correct conclusion)!
If you put £10k into your pension, don't give the government credit for gifting you money - they don't - it was your money, - it's just that you...
16th Feb 2023, 10:21
Replies: 47
Views: 21,339
Posted By midnight cruiser

Well as you can see, it is completely counter...

Well as you can see, it is completely counter productive - the Exchequer loses, (not gains) tax revenue from the money that instead goes into the pension, or is not earned/worked because the pilot...
16th Feb 2023, 09:18
Replies: 47
Views: 21,339
Posted By midnight cruiser

Discussion about how well or badly paid the job...

Discussion about how well or badly paid the job is for the work involved - is completely missing the point; the pay is set by the market, and not wet behind the ears "aerosexuals" who would do it for...
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