Hiya, I included the taxes at 29.5% and 52% for demonstration but used the 52% rate in the calculations as per footnote “**I’m assuming a tax rate of 52% as if you’ve 65,000 to invest you’re probably in the higher tax bracket”. I added the 29.5% rate as this would be the net marginal tax rate for someone earning about 60k or 120k for a couple. For my own rental yield calculations on property, I’m still of two minds about which figure to use. Even though the rental income will be taxed at 52% because your tax credits are used up by your employment income, the net tax rate is still much lower when you take all income and taxes into account. For example: a couple earning 120k combined pays 36k in income tax after tax credit applied (net tax rate of 30%), add 10k of rental income onto that and they pay 41k in income tax after tax credits (31.8% net tax rate). I think using the net marginal tax rate might make more sense when trying to figure out actual rental yield but I wanted to be more conservative in case I am thinking of it incorrectly.