Stealth Tax? Not My Problem!
Take-home pay for most people fell by almost £1,500 last year as a result of tax increases and rising inflation, figures show.
The average worker is worse off in real terms than a decade ago despite rise in gross earnings, according to calculations by the House of Commons library.
Workers in London and the southeast are among the hardest-hit and are taking home hundreds of pounds a year less in real terms than they were in 2012.
The pain is set to worsen this month as tax thresholds are frozen again, despite surging inflation which is estimated to amount to a £12 billion Treasury windfall in so called “stealth taxes”.
It is comforting to know that being employed as a domestic or household person, you are paid on a net salary basis, with all tax and related elements paid by your employer.
The Graham Agency, working with you.