UK 62% Tax Trap- Earning Over £100k? Tax Hacks To Avoid Paying 62%

The 62% UK Tax Trap Explained – AND How to Avoid It... If you're a UK resident earning between £100,000 and £125,140, you'll likely be paying an eye-watering 62% in taxes. This is due to a combination of higher rate income tax, national insurance, and the abatement of your personal allowance—effectively creating a tax trap that catches many high earners off guard. In this video, I break down: Exactly how the 62% tax rate happens Who is affected and why Smart strategies to reduce your tax liability and keep more of your hard-earned money If you’re in this situation, strategic tax planning is essential. Speaking to a finance professional could help you legally and efficiently mitigate these excessive taxes, using a strategy that's bespoke to your situation.  Book a Tax Efficiency Audit with us today: https://www.joshthomasconsulting.com/ Like, subscribe, and share if you found this helpful! Let’s take control of your finances... 00:00 Introduction 00:17 What Is The 62% Tax Trap? 02:02 How To Minimise Your Liability --------- Join my weekly newsletter (it's free!): https://www.joshthomasconsulting.com/... Instagram:   / joshthomas.accountant   TikTok:   / josht.accountant   LinkedIn:   / josh-thomas-8685331a9