Timeline for Why would you ever turn down a raise in salary?
Current License: CC BY-SA 2.5
6 events
| when toggle format | what | by | license | comment | |
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| Dec 21, 2019 at 14:41 | comment | added | Ganesh Sittampalam♦ | @gnasher729 The specific idea in my answer, of tapering down the rate of relief, didn't take effect. They replaced it with a much lower cap on the tax relief available per year. As I said, the further changes might make it possible with more convoluted examples and the doctors are one of them - having a low cap and a fairly low lifetime allowance interacts badly with the assumed value of final salary pensions and the way they accrue in the later career of well paid senior doctors. | |
| Dec 21, 2019 at 13:50 | comment | added | gnasher729 | You couldn't quite foresee the future... This regulation is in full effect and apparently the reason why highly qualified medical doctors refuse to do any overtime, and sometimes even reduce their normal weekly hours. | |
| Dec 13, 2016 at 21:38 | comment | added | Ganesh Sittampalam♦ | @MichaelKjörling The change I described was withdrawn as expected, but further changes to the system since then mean it may be possible again with a more convoluted example. | |
| May 22, 2011 at 23:16 | comment | added | user296 | On the very bottom end of the income scale there are a few places (and have been more historically) where, due to the structure of welfare and related social benefits, earning more money can result in a loss of benefits and the effective marginal "tax" rate is greater than 100%. This is called a "welfare trap". Reform has eliminated some of the worst ones. | |
| Jun 23, 2010 at 5:13 | comment | added | Ganesh Sittampalam♦ | Following a change in government in the UK and a fresh budget, it looks likely that this change will be reversed and thus never actually take effect. | |
| Jun 11, 2010 at 9:34 | history | answered | Ganesh Sittampalam♦ | CC BY-SA 2.5 |