Current rates and allowances
How much Income Tax you pay in each tax year depends on:
• how much of your income is above your Personal Allowance
• how much of this falls within each tax band
Some income is tax-free.
The current tax year is from 6 April 2017 to 5 April 2018.
Your tax-free Personal Allowance
The standard Personal Allowance is £11,500, which is the amount of income you don’t have to pay tax on.
Your Personal Allowance may be bigger if you claim Marriage Allowance or Blind Person’s Allowance. It’s smaller if your income is over £100,000.
Income Tax rates and bands
The table shows the tax rates you pay in each band if you have a standard Personal Allowance of £11,500.
|Band||Taxable income||Tax rate|
|Personal Allowance||Up to £11,500||0%|
|Basic rate||£11,501 to £45,000||20%|
|Higher rate||£45,001 to £150,000||40%|
|Additional rate||over £150,000||45%|