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£100k tax trap to hit 2.3m taxpayers by 2029

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Nearly 2.3 million taxpayers are set to earn over £100,000 by 2028–29, exposing them to the UK’s most punitive tax trap and stripping families of childcare benefits worth thousands of pounds, according to new HMRC data obtained by Rathbones, a leading UK wealth and asset management firm. Figures from a…

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