MoneySavingExpert
moneysavingexpert.com › home › banking
Tax rates 2025/26: tax bands explained - MoneySavingExpert
For example, if your salary puts you in the 40% tax bracket, then you only pay 40% tax on the segment of earnings in that income tax band. For the lower part of your earnings, you'll still pay the appropriate 20% or 0%.
Published 7 April 2025
Low Incomes Tax Reform Group
litrg.org.uk › tax-nic › tax-introduction › tax-and-nic-rates-and-bands
Tax and NIC rates and bands | Low Incomes Tax Reform Group
We set out the rates, bands, thresholds and allowances for different taxes and National Insurance contributions
National Insurance and other tax rates
There are different rates and allowances for National Insurance, Capital Gains Tax and Inheritance Tax.
Find out more about other tax rates and allowances.
gov.uk
gov.uk › home › money › personal tax › income tax › rates and allowances for income tax
Income Tax rates and allowances for current and previous tax years ...
Tax rates and bands
Tax is paid on the amount of taxable income remaining after the Personal Allowance has been deducted.
The following rates are for the 2025 to 2026 tax year and the previous 3 years.
England, Northern Ireland and Wales
| Band | Rate | Income after allowances 2025 to 2026 |
Income after allowances 2024 to 2025 |
Income after allowances 2023 to 2024 |
Income after allowances 2022 to 2023 |
|---|---|---|---|---|---|
| Starting rate for savings | 0% | Up to £5,000 | Up to £5,000 | Up to £5,000 | Up to £5,000 |
| Basic rate | 20% | Up to £37,700 | Up to £37,700 | Up to £37,700 | Up to £37,700 |
| Higher rate | 40% | £37,701 to £125,140 | £37,701 to £125,140 | £37,701 to £125,140 | £37,701 to £150,000 |
| Additional rate | 45% | Over £125,141 | Over £125,141 | Over £125,141 | Over £150,000 |
Scotland
| Band | Rate | Income after allowances 2025 to 2026 |
Income after allowances 2024 to 2025 |
Income after allowances 2023 to 2024 |
Income after allowances 2022 to 2023 |
|---|---|---|---|---|---|
| Starting rate for savings | 0% | Up to £5,000 | Up to £5,000 | Up to £5,000 | Up to £5,000 |
| Starter rate | 19% | Up to £2,827 | Up to £2,306 | Up to £2,162 | Up to £2,162 |
| Basic rate | 20% | £2,828 to £14,921 | £2,307 to £13,991 | £2,163 to £13,118 | £2,163 to £13,118 |
| Intermediate rate | 21% | £14,922 to £31,092 | £13,992 to £31,092 | £13,119 to £31,092 | £13,119 to £31,092 |
| Higher rate for tax year 2025 to 2026 |
42% | £31,093 to £62,430 | £31,093 to £62,430 | — | — |
| Higher rate for tax year 2023 to 2024 |
42% | — | — | £31,093 to £125,140 | — |
| Higher rate for tax years up to and including 2022 to 2023 | 41% | — | — | — | £31,093 to £150,000 |
| Advanced rate for tax years up to and including 2025 to 2026 | 45% | £62,431 to £125,140 | £62,431 to £125,140 | — | — |
| Top rate for tax years up to and including 2025 to 2026 |
48% | Over £125,141 | Over £125,141 | — | — |
| Top rate for tax year 2023 to 2024 |
47% | — | — | Over £125,141 | — |
| Top rate for tax years up to and including 2022 to 2023 |
46% | — | — | — | Over £150,000 |
Dividends
The following rates for tax on dividends apply from 6 April 2010 to 5 April 2016.
| Band | Dividend tax rates |
|---|---|
| Basic rate (and non-taxpayers) | 7.5% |
| Higher rate | 32.5% |
| Additional rate (from 6 April 2013) | 37.5% |
| Additional rate (dividends paid before 6 April 2013) | 42.5% |
From 6 April 2016 there’s a new dividend allowance.
gov.uk
gov.uk › home › money › personal tax › income tax › rates and allowances for income tax
Income Tax rates and allowances for current and previous tax years ...
Historical and future rates
For historical rates, find out more about Income Tax rates and allowances for previous tax years.
New tax bands and allowances are usually announced in the Chancellor of the Exchequer’s budget or autumn statement.
gov.uk
gov.uk › home › money › personal tax › income tax › rates and allowances for income tax
Income Tax rates and allowances for current and previous tax years ...
Videos
House of Commons Library
commonslibrary.parliament.uk › house of commons library › research briefings › research briefing › spring budget 2021: personal allowance and higher rate threshold
Income tax: freezing the personal allowance and the higher rate threshold - House of Commons Library
14 hours ago - Tax is charged on someone’s taxable income at the basic rate up to the basic rate limit. For 2024/25 this is set at £37,700. ‘Taxable income’ excludes personal allowances, which represent the amount of money someone receives free of tax.
Internal Revenue Service
irs.gov › filing › federal-income-tax-rates-and-brackets
Federal income tax rates and brackets | Internal Revenue Service
You pay tax as a percentage of your income in layers called tax brackets.
H&R Block
hrblock.com › home › what are the 2025-2026 tax brackets and federal tax rates?
2025-2026 Tax Brackets & Federal Income Tax Rates | H&R Block®
26 November 2025 - For instance, the 10% rate for ... taxable income up to $11,925 while the 12% rate starts at $11,926. It’s never too early to start thinking about taxes. And knowing how the 2026 tax brackets will adjust for inflation in 2026 can help with ...
GOV.UK
gov.uk › home › money › personal tax › income tax › rates and allowances for income tax
Income Tax rates and allowances for current and previous tax years - GOV.UK
5 April 2025 - This Personal Allowance goes down by £1 for every £2 above the income limit. It will not go below the standard Personal Allowance for that year. Before the 2013 to 2014 tax year, the bigger Personal Allowance was based on age instead of date of birth.
St. James’s Place
sjp.co.uk › home › individuals › news and insights
What is the 60% tax trap? Tips for £100k Earners | SJP
3 weeks ago - So, if your partner earns less than £100,000 and you manage to lower your income below this level too, you should now be able to access these valuable perks. If there’s one word to describe our tax system, it’s “complicated”. Rules can change frequently and even if you’re more informed than most, it’s easy to misinterpret the rules – and end up in the 60% tax trap without realising.
Wesleyan
wesleyan.co.uk › financial-advice › tax-rates
Tax rates 2025/26
For people who earn less than £100,000 per year, this has stayed at £12,570 for the 2025/26 tax year. If you earn between £100,000 and £125,140, the allowance decreases by £1 for every £2 you earn above £100,000, until it reaches £0. This means if you earn above £125,140, you won’t ...
Flagstone
flagstoneim.com › personal › insight and news › personal finance › uk tax brackets and income tax bands: the complete guide
Tax brackets and Income Tax bands in the UK | Flagstone
22 May 2025 - In Scotland, the lowest tax bracket is the starter rate. The starter rate applies to earnings between £12,571 and £15,397 and is taxed at 19%. It may be possible to reduce your Income Tax bill by increasing pension contributions, delaying income from dividends, or making charitable donations.
Institute for Fiscal Studies
ifs.org.uk › articles › how-tax-burden-high-when-most-us-are-taxed-so-low
How is the tax burden at a high when most of us are taxed so low? | Institute for Fiscal Studies
18 November 2024 - Someone on £35,000 today — about the average for those working full-time — faces an income tax and national insurance bill getting on for £2,000 lower than would someone on the same real earnings back in 2010.
House of Commons Library
commonslibrary.parliament.uk › house of commons library › research briefings › research briefing › fiscal drag: an explainer
Fiscal drag: An explainer - House of Commons Library
2 days ago - Several tax thresholds have not been increased since 2022. This briefing looks at fiscal drag in the context of taxation in the UK, with a specific focus on income tax thresholds.
GOV.UK
gov.uk › home › money and tax › income tax
Income Tax rates and Personal Allowances : Current rates and allowances - GOV.UK
7 November 2024 - The table shows the tax rates you pay in each band if you have a standard Personal Allowance of £12,570. Income tax bands are different if you live in Scotland.
Institute for Fiscal Studies
ifs.org.uk › taxlab › taxlab-taxes-explained › income-tax-explained
Income tax explained | Institute for Fiscal Studies
Note: Income ranges assume the individual receives the standard personal allowance. For people with non-standard allowances – receiving the blind person’s allowance, for example, or having their personal allowance reduced by HMRC to make up for underpaying tax in the previous year – the width of the basic-rate band is unchanged, so the lower bound of the higher-rate income range will be different from that shown in the table.
Crunch
crunch.co.uk › knowledge › article › what-is-the-40-tax-bracket
What Is the 40% Tax Bracket? | Crunch
Above that, for England, Wales, and Northern Ireland, there are three main tax brackets: the basic rate (20%), the higher rate (40%), and the additional rate (45%), as shown in the table below (Income Tax rates and bands for England, Wales, ...
PwC Tax Summaries
taxsummaries.pwc.com › quick-charts › personal-income-tax-pit-rates
Personal income tax (PIT) rates
The color key is based on PIT rate percentage. Clicking a region will then allow you to hover over and/or click a territory. Hovering over a territory will provide that territory's highest statutory PIT rate. Clicking a territory will take you to that territory's 'Taxes on personal income' page.
Wikipedia
en.wikipedia.org › wiki › List_of_countries_by_tax_rates
List of countries by tax rates - Wikipedia
2 weeks ago - A comparison of tax rates by countries ... and sub-national unit. The list focuses on the main types of taxes: corporate tax (excluding dividend taxes), individual income tax, capital gains tax, wealth tax (excluding property tax), property tax, inheritance tax and sales tax ...
Bankrate
bankrate.com › taxes
Tax Brackets And Federal Income Tax Rates For 2025-2026 | Bankrate
1 month ago - Your total tax bill would be $22,828. If you divide that by your taxable income of $150,000, you get an effective tax rate of just over 15%, which is lower than your 22% top, or marginal, tax bracket.
Fidelity
fidelity.com › learning-center › personal-finance › tax-brackets
2025 and 2026 tax brackets and federal income tax rates | Fidelity
19 November 2025 - They owe $15,898 of total taxes on $150,000 of income. Their effective tax rate is then calculated as follows: ... You can potentially get into a lower tax bracket by reducing your taxable income for the year.
mygov.scot
mygov.scot › access to public services in scotland › money and tax › scottish income tax
Current rates - 6 April 2025 to 5 April 2026 - mygov.scot
Scottish Income Tax rates and bands from 6 April 2025 to 5 April 2026.
Charles Stanley
charles-stanley.co.uk › insights › commentary › tax-brackets
2024/25 tax brackets: how much will you pay?
Reference Error: 18.4d5dda17.1767178115.206006bb · If you are seeing this message during business hours, the Helpdesk will be pleased to assist with queries whilst the website remains unavailable