"Earning £120K Is Not Good": Uk-Based Lady Explains How Tax Deductions Work on High-Income Earners

"Earning £120K Is Not Good": Uk-Based Lady Explains How Tax Deductions Work on High-Income Earners

Stay informed about "Earning £120K Is Not Good": Uk-Based Lady Explains How Tax Deductions Work on High-Income Earners. Discover expert viewpoints in this concise summary.

Mixed opinions trailed her post. Legit.ng gathered some of the reactions below:

@sei2023 said:

"How do you earn 120k as a doctor?"

@Gibril said:

"Hell, you can contribute up to £60k into your pension and get tax relief on this."

@Eguono Love said:

"The monthly take-home pay for £120k is still more than the home pay 100k, so what is the issue?"

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M & M Fam | Content creators stated:

"The hardest you work the more broke the system make everything you said is true I always say that they punish we hard working people."

Debiyi added:

"You are wrong, your personal allowance drops, but you don’t get taxed on the full amount, tax system is tricky but you can make what you lose by knowing how to claim back."
Elena Rostova
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Elena Rostova

Elena Rostova holds a Master's degree in Public Health Journalism. She covers groundbreaking medical research, holistic wellness trends, mental health awareness, and nutritional science.