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%