Folks making more than £100K: How do you deal with the 60% effective tax rate on the 100-125K bracket? (HMRC gradually reduces your £12,750 personal tax-free allowance to £0.)

This is the first time it is happening to me. With one month to go until the end of the tax year, I'm thinking of making a one-off extra pension contribution next payroll.

Any other effective strategies with only one month to go?

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Is there any point in earning more than 120K in London in terms of utility and happiness? Seems like the incremental remainder you get is tiny after tax NI and student loan repayments

Its still additional £s in your pocket... and significantly more once you are above the £125k range.

So push on and earn more

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Is this £100k base compensation? i.e. before any cash allowances and bonus payments? Or does this count towards the £100k?

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