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Friday, January 16, 2026

MoneyWeek news quiz: Will you be caught by the 60% tax trap?

This post was originally published on this site.

A peculiar quirk of the tax system made headlines this week as new HMRC estimates show that for the first time, two million people are set to be hit by the 60% tax trap in the next fiscal year.

The tax trap, where high earners are taxed at a marginal rate of 60% has been widely criticised – but do you know how much you have to earn to pay this rate?

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Trump launched a Department of Justice probe into a very senior economic figure, setting off yet another surge in the price of gold – but who was it?

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