How It Is Worked Out
Rates for England, Wales and Northern Ireland. Scotland sets its own bands for earned income. The personal allowance shrinks by £1 for every £2 earned over £100,000, and is gone at £125,140.
| Taxable income | Rate |
|---|---|
| £0 to £37,700 | 20% |
| £37,701 to £125,140 | 40% |
| Over £125,140 | 45% |
Example: £45,000 a year comes to about £9,080 in tax and contributions, taking home £35,920.
Everything else for the UK: accounts, deadlines and where to complain.