Net wage @ £30,000 gross = £22,623.65
Net wage @ £40,000 gross = £29,523.65
You're wrong if you mean you'd receive the same net amount after tax. I don't really understand your question.
No, you're not right. It's progressive.
Tax system is progressive, meaning you're taxed 40% on every pound you earn above £34.6k, not 40% of your total income.
No. The highest tax rate only applies to income ABOVE the limit. So if the limit is £35,000, only £5000 of the £40,000 would be taxed at the higher rate.
what would people say is a good set of money to be earning within the uk.
£40000 take home = £31120
£30000 take home = £24000
Can't believe nobody else said that.
if youre too stupid to not understand that theres a difference after tax between 30k and 40k then i'd hazard a guess youre not good enough to ever earn that much so i wouldnt worry about it
you can start buying tesco finest on 40k.