We sort your Self Assessment for you. £119, all in.

Fast, effortless and 100% online.

We sort your Self Assessment for you. £119, all in.

Taxable income

Taxable income is income that you have to pay tax on. In many countries – including the UK – not all your income is taxable.

For every taxpayer in the UK, taxable income is your total income (not just from salary) minus the Personal Allowance (worth £12,570 this tax year). This is automatic – you don’t need to claim it or anything.

In addition to the Personal Allowance, you can also reduce your taxable income by claiming other allowances depending on your situation:

  • You are self-employed you can also claim either expenses or the flat £1,000 Trading Allowance
  • You earn money from renting a room in your own home, you can also claim the Rent a Room Allowance and reduce your taxable income with £7,500
  • And many others – see a longer list of tax-free allowances here

Want regular tax tips from us?

Sign up here for important updates, deadline reminders and basic tax hacks sent straight to your inbox.

"*" indicates required fields

We sort your Self Assessment for you. £119, all in.

Fast, effortless and done for you online – the way tax returns should be done. Free to sign up.