Just to note. This is a glitch in the system and only impacts those at exactly the higher rate threshold. Please don’t read anything wider into it about how you should behave generally.
Head to MoneySavingExpert for a full breakdown of your personal tax allowance and income tax rates: http://mse.me/YTIncomeTax
00:00 Intro
00:23 Where does it start?
00:55 Scenario one
01:45 Scenario two
02:24 It’s totally bonkers
02:53 Correction!
Credit to : Martin Lewis