Income tax rates in UK

Currently the UK basic income tax rate is 20%. This increases to 40% for your earnings above £46,350 and to 45% for earnings over £150,000.

Your earnings below £11,850 are tax free. This is called the personal allowance. However for every £2 you earn over £100,000 this allowance is reduced by £1.

UK income tax bands and rates (2018/2019)

Income Tax rate
Up to £11,850 0% Personal allowance
£11,851 to £46,350 20% Basic tax rate
£46,351 to £150,000 40% Higher tax rate
over £150,000 45% Additional tax rate

Example 1: Income tax on earning £35,000

  • The first £11,850 you earned is tax free
  • Remainder (£23,150) is taxed at 20%
  • Your tax bill: £4,630

income_tax_35000.png

Example 2: Income tax on earning £75,000

  • The first £11,850 you earned is tax free
  • The remainder up to £46,350 is taxed at 20% (£6,900)
  • What you earn above £46,350 is taxed at 40% (£11,460)
  • Your tax bill: £18,360 (£6,900 + £11,460)

income_tax_75000.png

Income tax rates and bands for previous tax years:

If you need to quickly see how much tax you need to pay view our income tax calculator.

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