| Comment | >You aren't worse off though
You are worse off, both financially in some scenarios and then also from a risk reward standpoint.
Child benefit dropping sees you worse off past a certain point. Similarly, the gigantic tax from £100k to £125k distorts the risk reward for people looking to transition to that level of work. Going from, say, £90k to £125k typically means you're moving from being an employee completing work, to someone expected to run a business unit and generate work with the looming threat of being fired for failing to perform. High taxes currently do not make that jump worth it. It's also the reason so many people over £100k in income are moving to part time hours. |
|---|