Can we talk about £100-120k marginal tax rate

[Welshbeef]

essayer said:

Ah so they already get 15 hours free (570 hrs), but an additional 15 is coming soon, and this is means tested.

Try finding a pre school which offers that many hours in total / means your split over a number of pre schools nightmare.



Why not get a nice au pair in the house minuscule wage

[oyster]

plasticpig said:

Hol said:

According to the Barnet formula, every person in the country would need to pay £8,788 in total tax, just for the government to break even in covering everyday services.
Any family paying less per head, is not paying their own way from a mathematical perspective. That probably covers 75% of the population (at a pure guess).

Edited by Hol on Friday 29th January 11:35

Just as an example.

Smoke 20 a day and you pay £1750 a year in duty
2 bottles of wine a week and a bottle of spirits a month and you pay £420 in duty a year
Use 5 gallons a week in fuel then you pay £720 a year in duty.

Someone who does all those things is paying the revenue just south of £3k in duty. That's the duty not the VAT..

A slightly below average salary of £25k will mean a income tax and NIC bill just shy of £5K.

So we are at £8k already and there is not account taken of VAT yet or VED.

The £8788 figure is per person not per taxpayer.
So if the average person you refer to above has children then they are massively underpaying tax as proportion of the average.

If you're a couple with 2 kids then you need to contribute £35k+ in tax!!

[Mario149]

Welshbeef said:

Try finding a pre school which offers that many hours in total / means your split over a number of pre schools nightmare.



Why not get a nice au pair in the house minuscule wage

This is what we're going to be looking at - we're hopefully going ot have annex accommodation in the place we move to next so the au pair would have their privacy and we would have ours. A live in EU au pair with all accomm and food etc paid for can be had for ~£85 / week pocket money last time I checked. They're limited to 30hrs work a week I believe:

https://www.aupairworld.com/en/au_pair_program/uk/...

Total costs probably work out at about £150/wk