Cut hours and avoid promotions: how the £100,000 tax trap is shaping work
Fears of higher levies and loss of benefits prompt employees to make career decisions to stop their incomes rising
Fears of higher levies and loss of benefits prompt employees to make career decisions to stop their incomes rising

From 2029, workers will only be able to pay £2,000 into the scheme and receive tax relief

The way in which the UK system sees rates rise and then fall as income increases is indefensible

The country’s tax system and rising costs sap the returns to hard work

Governments tap labour income as an ‘easy’ revenue raiser but risk undermining incentives to work and hire

Economists and tax collectors might be underestimating its impact

Cap on national insurance relief set to raise £4.7bn in 2029-30 and £2.6bn in 2030-31