"Graduates in the UK will be hit with a 50 per cent tax rate on any additional money they are paid by their employers after Boris Johnson increased national insurance rates to fund the NHS and social care reform.
People with student loans and incomes above the threshold to repay them will see 49.8 per cent of any increase in pay from their employers taken away in income tax, national insurance and student loan repayments."
"From next April, graduates such as teachers or marketing executives earning £30,000 will only get half of any pay increases granted by their employers despite paying an income tax rate of 20 per cent."
FT.com
People with student loans and incomes above the threshold to repay them will see 49.8 per cent of any increase in pay from their employers taken away in income tax, national insurance and student loan repayments."
"From next April, graduates such as teachers or marketing executives earning £30,000 will only get half of any pay increases granted by their employers despite paying an income tax rate of 20 per cent."
FT.com