higher rate

British  

noun

1. (in Britain) a rate of income tax that is higher than the basic rate and becomes payable on taxable income in excess of a specified limit

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Example Sentences

It also says the threshold for higher, advanced and top bands will remain unchanged, meaning more people will pay a higher rate as their wages increase.

From BBC

That's because the chancellor has opted to freeze tax thresholds - the point at which you start to pay tax, and the point where you tip into paying a higher rate of tax - for another three years.

From BBC

For example, if you currently earn £49,000 and your pay rises with inflation, by 2031 you could be earning £54,000, meaning some of your income will be taxed at the higher rate which is applied to earnings over £50,271.

From BBC

Almost one in four taxpayers will pay some of their tax at the higher rate by 2031, according to calculations by the government's independent forecaster.

From BBC

Traditionally, the levels of income above which workers pay a higher rate of tax were raised every year in line with inflation.

From The Wall Street Journal