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Example Table

Income Tax rates and bands

The table shows the tax rates you pay in each band if you have a standard Personal Allowance of £12,500.
Income Tax rates and bands
BandTaxable incomeTax rate
Personal AllowanceUp to £12,5000%
Basic rate£12,501 to £50,00020%
Higher rate£50,001 to £150,00040%
Additional rateover £150,00045%