What are the income tax brackets for the tax year 2022/2023?

  • The amount of income tax you pay depends on your income.
  • 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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