This petition was submitted during the 2019 to 2024 Parliament
Closed petition No tax on overtime or bonuses up to £10k
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Many workers spend extra time and effort to better themselves and earn extra money. Currently overtime and bonuses are taxed, but we believe employees should be able to receive the full benefit of any overtime or bonus they receive, up to £10k a year.
I was disappointed to find out that overtime pay and bonuses are taxed, and that so many hard-working people are not receiving the full benefit of the work they put in to earn overtime and bonuses. We believe overtime and bonuses should only be taxed if they exceed more than £10k a year.
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This petition will stay open until 11 July 2023.