allowance for kids - when does it get hit by salary?

allowance for kids - when does it get hit by salary?

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aclivity

Original Poster:

4,072 posts

189 months

Monday 20th April 2015
quotequote all
Quick question - I took a massive pay cut when I started this job, went back to 25% tax rate! I've been here a couple of years and am looking to move back out now, however in the last time we have had a change on the allowance we get for kids? Payment back when we get the tax return in? At what level of salary does the tax bit start to take effect?

Second question - is it possible to reduce salary by increasing how much pension payments I make?

aclivity

Original Poster:

4,072 posts

189 months

Monday 20th April 2015
quotequote all
Eric Mc said:
There is no specific 25% income tax rate. The rates are 10% (for same savings), 20%, 40% and 45%.
D'oh. I meant 20%, just typed 25%!

Looks like I will have to increase my pension plans, I think. No bad thing, I think!