thelawnet wrote:Steady rider wrote:Mr Cameron salary is about £142k per year. Roughly £100k would have been taxed at 50% previously, now it will be taxed at 45%, so he gains about £5000 per year if I have the sums near (not including other possible income).
Completely and utterly wrong.
The 50% band starts at £150k, so on his PM's salary he wouldn't pay it at all.
After the most recent budget, he is worse off by a few hundred pounds due to fiscal drag on the 40% band and the £100k personal allowance withdrawal.
He also loses £2,449.20 in Child Benefit.
From the HMRC website
'some benefits, such as living accommodation, are taxable whenever they are provided to an employee.'
The large fully serviced central London Home Cameron receives along with the fully serviced mansion in Buckinghamshire must surely be worth at least £250,000 a year as benefit in kind. Then there are the chauffeur driven cars etc - what are they worth as benefit in kind.
This will put Cameron's income way above your figures for taxation purposes.