Hi all,

Another finance related question please!

I currently earn under the £55k threshold and do not pay 40% tax.

How does this work out monthly? Reason I ask is this month I'm due a bonus payment, as well as overtime payment. With my usual pay, this means I'm looking at around £4600 pre tax.

My question is, what tax rate will this hit? Is any of this recoverable as my annual salary is below £55k?