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High Earners Face 60% Tax Burden Amid Subsidy Loss

8/22/2025

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Summary

Story summary

Workers earning £100,000 to £125,140 face effective tax rates of 60% due to the loss of personal allowance.
Approximately 725,000 workers will enter this tax bracket this year, up from 300,000 in 2018.
Experts indicate that the high tax burden and loss of childcare subsidies diminish the appeal of six-figure salaries.

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Story summary

Workers earning £100,000 to £125,140 face effective tax rates of 60% due to the loss of personal allowance.
Approximately 725,000 workers will enter this tax bracket this year, up from 300,000 in 2018.
Experts indicate that the high tax burden and loss of childcare subsidies diminish the appeal of six-figure salaries.