Income Tax Bands
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Your Income | Band Name | Tax Rate |
Up to £11,850 | Personal Allowance* | 0% |
£11,851 to £46,350 | Basic rate | 20% |
£46,351 to £150,000 | Higher rate | 40% |
Over £150,000 | Additional rate | 45% |
*If you earn over £123,000 a year you don't get a Personal Allowance and all your income is taxed.