Once upon a time, earning £100,000 was an aspirational benchmark, a sure sign of financial success reserved for the savviest business minds or professionals at the very top of their game.
This figure marks a sharp increase from just 1.2 million five years prior, highlighting the significant impact of stagnant tax thresholds that fail to keep pace with inflation. As wage growth lifts more workers beyond this frozen tax threshold, many will discover that what once felt like success now comes with unexpected financial burdens.
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