What Is the 40% Tax Bracket and What It Really Means for You
Getting a pay rise feels great. But then someone mentions the “40% tax bracket,” and the worry starts. Many people think they will lose nearly half their income to HMRC. That is not true. The 40% tax bracket is the UK’s higher rate tax band, covering taxable income between £50,271 and £125,140 for the 2025/26 […]