Episode 199 – How Income Tax Works, Part 1
I have covered how Income Tax works before, way back in episodes 62 and 63, but it's about time I updated things, especially in light of the recent budget. Here I explain the ladder of tax bands, and how your income is stacked against that ladder to determine whether you pay no tax, savings rate, basic rate, higher rate, or additional rate tax!
Location: Treen
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