BoldonLad
Old man on a bike. Not a member of a clique.
- Location
- South Tyneside
Daughter No2 (a maths teacher), just turned down a promotion, because, in her opinion, the increase in take-home pay was not worth the additional responsibilities/work.
Andy Burnham £1,301 charge on table for people living in homes worth £271k.
- Thread starter Milzy
- Start date
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Daughter No2 (a maths teacher), just turned down a promotion, because, in her opinion, the increase in take-home pay was not worth the additional responsibilities/work.
FishFright
Well-Known Member
A friend's sister is also a teacher , primary school, she turned down a promotion because it was more admin than teaching . Both are good reasons.
Bromptonaut
Rohan Man
- Location
- Bugbrooke, Northants
More than that even. The 55% taper is on income after tax/NI.
Pblakeney
Shaman
I did the same in my career.
It had nothing to do with tax brackets or allowances though.
Beebo
Legendary Member
Beebo
Legendary Member
So the cliff edges at either end are causing issues.
The system we have today is far too complicated and tweaking it doesn’t work as every laudable decision in one area has unexpected consequences in other places.
It needs a sledge hammer to smash it up and start again. But that won’t ever happen. So we just have to live with the fact that there will be anomalies in the system and get on with it as best we can.
BoldonLad
Old man on a bike. Not a member of a clique.
- Location
- South Tyneside
In this instance, it does.
PurplePenguin
Über Member
You can still make a pension contribution just not by salary sacrifice.
Pblakeney
Shaman
Life is full of options. Options have consequences. People have to make their own personal choices and live with the consequences.
You can campaign to change the options but good luck with that.
One of my options was to take a high paying job in London and take the cost and tax implications, or turn it down. I turned it down.
BoldonLad
Old man on a bike. Not a member of a clique.
- Location
- South Tyneside
Pblakeney
Shaman
I'd have thought you have given up hope on that by now.
Kudos on the longevity of your optimism.
Psamathe
Legendary Member
Cynic in me sometimes wonders if many iof these tx "unintended concequences" are not "unintended" but loopholes designed so their wealthy mates don't pay tax. Make it too obvious (eg income above £250k is tax exempt might cause a bit of an outcry) but put in place complex loopholes that have the same effect and no outcry as people just blame the system.
BoldonLad
Old man on a bike. Not a member of a clique.
- Location
- South Tyneside
Electric_Andy
Regular
Sorry for the tardy reply, I was on holiday. The difference in take home pay between, say, £49k/year and £51k/year is only about £110 a month. Not worth it (for me) given the extra pressure, extra travel (business miles), expectations etc, and you don't rise up the payscale until you've done 3 years. Yes, after that the take home would be much more but I'd then be one of those people who are glued to their laptop all the time, and (for me) having constant anxiety about what tomorrow will bring and if I've organised all my meetings etc, keeping me up Sunday nights and turning my life into a sweaty mess.
Yes, we all have to pay for public services and it needs to come from somewhere. But on the other hand, how do we attract high earning professionals to the country if this relatively low down high tax threshold means you only keep half of what you earn? If you read it like that, it doesn't sound fair.
C R
Squire
Can stop saying it like that? This is manifestly not true. You pay half of the fraction you earn over the threshold.
ETA and it isn't half it is 40% of the fraction above £50,270.
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