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UK income tax rates depend on your income.
Currently, the UK basic income tax rate is 20%.
This increases 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 is called the Personal Allowance.
However, for every £2 you earn over £100,000, your allowance is reduced by £1.
Use this 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 £9,568 that you make
You pay £3,549 in contributions (at 9%) on the next £39,432 that you make
You pay £159 in NI Class 2 contributions
| 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.
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