Tax Rates - 2021-22

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Tax Year

The current tax year is from 6th April 2021 to 5th April 2022 and is commonly described as 21/22 tax year

Personal allowance

The standard Personal Allowance is £12,570 on which you pay no tax at all.

You may be entitled to other personal allowances such as Marriage Allowance or Blind Person’s Allowance. Also, personal allowances can be reduced if your income is over £100,000.

Band

Taxable Income

Tax Rate

Personal Allowance

Up to £12,570

0%

Basic rate

£12,571 to £50,270

20%

Higher rate

£50,271 to £150,000

40%

Additional rate

over £150,000

45%

 

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