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Record

TPC gain pass through to pickup bounds, year to March 2026

Year to March 2026

EstimateOur model or estimate. Treat it as an order of magnitude.

The values

  • Taxed: 5,280
  • Untaxed: 7,619
  • Share of pickup: 6.38 to 9.2%
  • Share of net profit: 1.25 to 1.8%

Where it comes from

Our calculation from other figures in the trainer’s notes.