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Ep 112: Don’t get stung by the marginal rate tax trap..

Medics Money podcast

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Is the High-Income Child Benefit Charge a Disaster?

The high-income child benefit charge is an example where working more could result in you getting less. As universal credit claimants earn extra money, the government begin to take away their universal credit. So if you've got a patient earning 13,000 pounds and they earn an extra pound, they only take home 31 pence after tax,. national insurance, and the reduction in their benefits.

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