Emerging salary sacrifice schemes promising grocery savings could expose employers to millions in backdated tax liabilities, recent HMRC guidance suggests.
The "60% tax trap" in the UK ensnares high earners, where incomes between £100,000 and £125,140 face steep tax rates due to the tapered personal allowance, prompting strategic financial planning to mitigate its effects.
The Spring Statement 2025 outlines key changes to benefits, inflation forecasts, and public spending that could impact household budgets and long-term financial planning across the UK.
In 2025, the average UK salary is around £35,000, with significant variations across professions and regions influenced by economic trends and demand for specific skills.
