![UK tax rates explained](https://www.leepfinancial.com/wp-content/uploads/2019/01/UK-Tax-rates-explained-in-plain-and-simple-English-using-buckets-scaled.jpg)
People often get confused about tax and a common misconception is around how tax works for the higher tax bands. People often think “Oh I don’t want to earn too much as I’ll get taxed at 40% and I’ll lose out”. THAT’S NOT HOW IT WORKS! Here’s a handy guide to simplify and explain things.