@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
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
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
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
Me :
I won’t earn over £100k it goes into my pension!
2026-08-02 12:26:41
6
Sarfigo10 :
might as well go on the doll... thats what the system is telling us to do
2026-07-31 21:49:43
11
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 :
I put everything over £50k into my pension so I can avoid the 40% tax.
2026-08-02 08:36:12
12
Atif :
well most of us will never earn more than 50k anyway.
2026-08-01 10:22:45
1
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 :
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
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 :
Payrise? In the UK?
2026-08-01 16:47:55
7
livvy :
I lost my personal allowence in full this year 😢 system stinks
2026-08-01 14:13:58
1
roddymaclean143 :
It’s called greed 🤬🙄
2026-08-02 10:45:26
4
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
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YEO :
Sad the system does not reward hard working people. 😳😳
2026-08-02 21:51:12
3
Mitchel 69 :
Whats the actual best salary to be on? £49k, £55k..... 🤷🏻♂️
2026-08-02 14:49:13
0
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