Tax in UK

Lopéz said:
I would love a bit of UK taxation compared to what I have now.

1Up to €11,693 0%
2€11,693 – €19,134 20%
3€19,134 – €32,075 30%
4€32,075 – €62,080 41%
5€62,080 – €93,120. 48%
6€93,120 – €1,000,00050%
7Over €1,000,000 55%
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Pfft you call that tax? :p yeah thats a lot :/
 
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Going to earn £120k+ this year thanks to redundancy package and quickly finding another job. Sounds glam but with HMRC reclaiming personal allowance and child benefit I'm getting skinned alive through PAYE, like 50%+ basic. Probably shouldn't have bothered looking for a new job before April tbh,
 
lookitsjonno said:
Going to earn £120k+ this year thanks to redundancy package and quickly finding another job. Sounds glam but with HMRC reclaiming personal allowance and child benefit I'm getting skinned alive through PAYE, like 50%+ basic. Probably shouldn't have bothered looking for a new job before April tbh,
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For reference, with tax free childcare, 106k versus 100k is just 200 quid extra total for the year. Do your maths!
 
Richie said:
As long as the Nett Pay is decent enough for a good standard of living, the tax is largely irrelevant.

I'd rather pay 50% on £120k than 25% on £70k (everything else being equal)
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The tax is definitely not irrelevant. I could earn around 20-30k more a year (with significantly less tax) in the UK for the same job I do in Austria.
 
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Lopéz said:
The tax is definitely not irrelevant. I could earn around 20-30k more a year (with significantly less tax) in the UK for the same job I do in Austria.
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Vienna is a beautiful city, was staying just down the road from you this week at the Museum Quarter (Volksmuseum stop on the tube). Had a good wander and visited the Christmas markets etc. Had a great time
 
Richie said:
I was referring in a general way.

Would your quality of life be better in the UK than Vienna and, if so, what's the reasons for staying where you are?
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That's a good question and I'm not sure. For a city, quality of life here is probably better than most UK cities, but you pay for it.
I stay where I am because my wife would probably be annoyed if I moved back to the UK.

Bear said:
Vienna is a beautiful city, was staying just down the road from you this week at the Museum Quarter (Volksmuseum stop on the tube). Had a good wander and visited the Christmas markets etc. Had a great time
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It's a great city, it really is. Sorry the weather has been a bit rubbish the last few weeks :D

I cycle past Museumsquartier every day on the way home from work.
 
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