Article Preview: There’s an extraordinary gap between the richest and poorest in society, with the new analysis of official tax figures highlighting the extent of this issue. According to the research, if you have a pre-tax income of around £50,000, then you can count yourself in the top 10% of taxpayers. To make it into the top 1% takes more than three times as much, with the top 0.1% of taxpayers earning more than £650,000 a year. What’s interesting about these groups of highest taxpayers is their tendency to be male, middle-aged and living in London or the South East.
Do you live in one of these income tax hotspots?
This 664 word blog highlights the key findings of latest analysis of taxpayers from the Institute of Fiscal Studies (IFS), of who and where in Britain and why. Written on 6th August 2019.
Your purchase gives you rights to publish this blog post on your IFA, financial planner or wealth manager website blog, news or insights page, along with access to the text of the blog post to copy and paste into your blog. You can publish this blog as written or edit it before publishing, and you can post it under your name.