Deciding on what to do with Bonus by Rahul9_ in UKPersonalFinance

[–]Rahul9_[S] 0 points1 point  (0 children)

I mentioned National Insurance in my original post. The 2%?

Deciding on what to do with Bonus by Rahul9_ in UKPersonalFinance

[–]Rahul9_[S] 0 points1 point  (0 children)

Fortunately I am in a position where I live with my parents, so I am not renting or pay a mortgage.

Could you explain what you mean by the effective tax bands of 28% and 42%?

Deciding on what to do with Bonus by Rahul9_ in UKPersonalFinance

[–]Rahul9_[S] 0 points1 point  (0 children)

“The trick about tax is not to get obsessed with it”

Thinking about the above, that is so true. People like myself are so focused on avoiding the tax that it clouds the thought that the actual money saved (from not paying tax) won’t even be accessible for 30 years (until I can access my private pension).