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UK income tax rates depend on your income.
Currently, the UK basic income tax rate is 20%.
Depending on your tax bracket, the rate at which you pay income tax will increase to 40% for your earnings above £50,270 and to 45% for earnings over £125,140.
Your earnings below £12,570 are tax-free. This tax bracket is called the Personal Allowance.
However, for every £2 you earn over £100,000, your allowance is reduced by £1.
Use this UK income tax calculator to see how much you should pay.
When you’re self-employed, you have to pay your income tax and national insurance contributions yourself in your annual Self Assessment. Our calculator helps you quickly assess how much you owe.
However you may be eligible for a tax refund when:
In your case when you earn £50,000:
You pay no income tax on first £12,570 that you make
You pay £7,286 at basic income tax rate (20%) on the next £36,430
No contributions on the first £12,570 that you make
You pay £2,186 in contributions (at 6%) on the next £36,430 that you make
You pay £0 in NI Class 2 contributions
You need to save
to pay your £9,471.56 tax bill by 31/1/2026 which is in 666 days
| Earnings | Tax rate | Tax band |
| Up to £12,570 | 0% | Personal allowance |
| £12,571 – £50,270 | 20% | Basic rate |
| £50,271 – £125,140 | 40% | Higher rate |
| £125,141+ | 45% | Additional rate |
We can help! We offer a pay-as-you-go tax accountant service for £229, all in – so if you want to speak to an accredited accountant for a one-off advice consultation on your personal situation as well as getting your tax return filed, you can.Â
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