Income Tax Rates For 2020 21 Uk

240 per week 1 042 per month 12 500 per year.
Income tax rates for 2020 21 uk. Uk income tax rates and bands 2020 21. English and northern irish basic tax rate. The new tax year in the uk starts on 6 april 2020. Here s what you need to know about the 2020 21 income tax rates and a rundown of how new budget measures will affect your.
Uk paye tax rates and allowances 2020 21 this article was published on 03 03 2020 this page contains all of the personal income tax changes which were published on the gov uk site on fri 28 feb 2020. Supported with detailed income tax rate and thresholds you can review for accuracy of self assessment etc. Taking into account the frozen personal allowance the maximum tax free income you can receive through dividends in 2020 21 is 14 500. Band taxable income tax rate.
2020 21 income tax calculator for salary payroll and wage slip calculations in the 2020 21 tax year. Allowances 2020 to 2021 2019 to 2020 2018 to 2019 2017 to 2018. Paye tax rates and thresholds 2020 to 2021. Above that threshold dividends falling in the basic rate band pay tax at 7 5 in the higher rate band at 32 5 and dividends that fall within the additional rate band will be taxed at 38 1.
Tax rates and allowances have been added for the tax year 2020 to 2021. Income limit for personal allowance. Rates allowances and duties have been updated for the tax year 2019 to 2020. In england wales and northern ireland the basic rate is paid on taxable income over the personal allowance to 37 500.
These rates come into effect at the start of the new tax year on april 6th 2020.