@moneywithpete: Most people assume that earning more money means keeping more money. In the UK - that's not always true. The tax and benefit system contains a series of traps at very specific salary levels. Most people walk straight into them without ever being warned they exist. This video breaks down five of them — from the survival trap at £30,000 all the way to the 60% tax rate most people have never heard of. Whether you earn £30,000 or £100,000 - there's something in here that will change how you see your salary. For education only - not financial advice. Everyone's circumstances are different. Follow Pound Smart Pete for more UK money content that actually makes sense 💷 #money #finance #PersonalFinance #moneytips #investing #wealth #rich #pension #tax

Pound Smart Pete
Pound Smart Pete
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Region: GB
Friday 31 July 2026 21:38:07 GMT
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zak.manseur
Zak Manseur :
modern day slavery hides on plain sight 😂😂
2026-08-03 00:01:25
2
cveta.flo
Cveta Ivanova609 :
It does happen, especially in the UK. 😡😡😡
2026-08-02 16:13:04
0
khanie88
Wasif Khan :
My personal allowance is only 8000 which is BS
2026-08-02 19:42:00
0
trialanderror_xx
trialanderror_xx :
You cant even die in peace. TAXED !
2026-08-02 16:50:38
0
walesbrummie
walesbrummie :
The reality of life under Labour
2026-08-02 08:58:49
13
mr84188
mr841 :
Naa you give it to the government
2026-08-02 19:04:58
0
azazelo62
Azazelo :
UK salaries are shite in the public sector.
2026-08-02 08:44:23
18
gulamm75
gulamm75 :
Daylight robbery tax system
2026-08-01 22:47:22
57
moylanmoments
Moylan’s Moments :
I don’t see the point in work anymore it’s so true everything cost more than you earn and if your not surviving your struggling reviving
2026-08-02 09:03:20
0
markyttrs
Mark :
its all wrong, then you pay tax on everything after all the tax already taken off your wages
2026-08-02 02:33:21
17
bangkokready
Bangkok ready :
This is why I employ my wife 👍she only answers the phone but it’s definitely worth £12,570
2026-08-02 08:29:18
5
karenmarie1666
Me :
I won’t earn over £100k it goes into my pension!
2026-08-02 12:26:41
6
sarfigo10
Sarfigo10 :
might as well go on the doll... thats what the system is telling us to do
2026-07-31 21:49:43
11
bri147423
bri :
slavery never ended because we need to work to help the rich stay rich like politicians rigging the system how they get their wages and take expenses and tax money they give away to say like france for what in return god knows its not the system it's politicians changing the system for the benefit of themselfs 😡😡😡😡
2026-08-02 10:31:12
8
discodolly69
discodolly69 :
I put everything over £50k into my pension so I can avoid the 40% tax.
2026-08-02 08:36:12
12
khansta75
Atif :
well most of us will never earn more than 50k anyway.
2026-08-01 10:22:45
1
mogharda
MoGharda :
Of course it's about politics - It is the Govt of the day which writes the rules...
2026-08-01 09:09:22
6
jag_garriss
Jag_Garriss :
get to £49,999 then slap the rest on pension or other benefits like extra holiday in replacement of the increase
2026-08-02 12:22:54
7
anthonyj1967
Anthony J :
This is why I going to give up working soon the taxes are just taken all my money I can’t put nothing by for a rainy day
2026-08-01 14:42:00
7
community.pole
Community Pole :
Payrise? In the UK?
2026-08-01 16:47:55
7
livvy6767
livvy :
I lost my personal allowence in full this year 😢 system stinks
2026-08-01 14:13:58
1
roddymaclean143
roddymaclean143 :
It’s called greed 🤬🙄
2026-08-02 10:45:26
4
lilflow847
LilFlow :
Even if we know about this there isn’t anything we could do but if i ever earn 100k-400k+ I already know what I’m doing a
2026-08-02 23:04:30
0
haobey18
YEO :
Sad the system does not reward hard working people. 😳😳
2026-08-02 21:51:12
3
mitchel699
Mitchel 69 :
Whats the actual best salary to be on? £49k, £55k..... 🤷🏻‍♂️
2026-08-02 14:49:13
0
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