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Originally Posted by Oliver_W
Maybe it was true once, tax rates change!
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Tax rates change but I don't think that the way taxes are actually collected has changed.
http://www.moneysavingexpert.com/banking/tax-rates
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Marginal bands mean you only pay the specified tax rate on that portion of salary. For instance, if your salary puts you in the 40% tax bracket (over PA+£33,500 in 2017/18), then you only pay 40% tax on the segment of earnings in that income tax band. For the lower part of your earnings, you'll still pay the appropriate 20% or 0%.
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Seems I had the right idea? Unless I am understanding this wrong too
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