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Marginal tax rate

The marginal tax rate is the percentage of tax taken from your next pound of income.

Knowing your marginal tax rate is important if you want to know how much extra tax you need to pay if you earn more.

It’s all based on your tax bracket:

  • 0% if you earn under £12,500
  • 20% if you earn between £12,500 and £50,000
  • 40% if you earn between £50,000 and £150,000
  • 45% on any earnings beyond this.

More guides & useful information

Let us sort your Self Assessment online. £119, all in.

That’s right. No matter how complicated it gets or why you need to do a return in the first place, it’ll cost £119 to get it done. That includes VAT, last-minute changes and all the support you may need.

How it works

1. Answer a few simple questions

And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start working on your tax return.

2. Then get paired with a tax accountant

That’s right, you’ll be matched with a real accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.

3. We file your Self Assessment for you

Once you’ve signed off your return, your TaxScouts accountant will file your return online with HMRC. That’s it! We told you it was simple.