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Posts: 6,720
Join Date: Feb 2002
Location: northampton
Mood: Has change happened...must of missed it!
My understanding is you pay the rate applicable to what your earnings are.
So if your a lowly paid P/Person earning 26000 p/a you would pay normal rate. If towards the end of the year with overtime you moved into the next tax bracket ( which i believe is at 33000 and above- to 40%) you pay that rate on whats over that banding.