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  • Nope. Your tax free allowance is tapered off at the same time. If you get a £1k payrise from £100k to £101k you first get taxed at 40% on the £1k (leaving £600) and then you lose £500 off your tax-free income. So instead of £51k being taxed at 40% it's £51.5k taxed at 40%. Your 1% payrise is now 0.4% before NI

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