Income Tax rates and Personal Allowances
Previous tax years
The standard Personal Allowance from 6 April 2023 to 5 April 2024 was 拢12,570.
| Tax rate | Taxable income above your Personal Allowance for 2023 to 2024 |
|---|---|
| Basic rate 20% | 拢0 to 拢50,270 (people with the standard Personal Allowance started paying this rate on income over 拢12,570) |
| Higher rate 40% | 拢50,271 to 拢125,140 (people with the standard Personal Allowance started paying this rate on income over 拢50,270) |
| Additional rate 45% | Over 拢125,141 |
Example
You had 拢35,000 of taxable income and you got the standard Personal Allowance of 拢12,570. You paid basic rate tax at 20% on聽 拢22,430 (拢35,000 minus 拢12,570).
When your Personal Allowance may vary
Your Personal Allowance would have been smaller if your income was over 拢100,000, or bigger if you got Marriage Allowance or Blind Person鈥檚 Allowance.
Other rates and earlier tax years
HM Revenue and Customs (HMRC) publishes tables with full rates and allowances for current and past tax years.