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Your tax free personal allowance the standard personal allowance is 12 500 which is the amount of income you do not have to pay tax on.
Income tax thresholds england 2020. 240 per week 1 042 per month 12 500 per year. A quick guide to 2020 2021 tax rates bands and allowances. The current tax year is from 6 april 2020 to 5 april 2021. Paye tax rates and thresholds 2020 to 2021.
English and northern irish basic tax rate. For the 2020 21 tax year if you live in england wales or northern ireland there are three marginal income tax bands the 20 basic rate the 40 higher rate and the 45 additional rate also remember your personal allowance starts to shrink once earnings hit 100 000. The new tax year in the uk starts on 6 april 2020. And while the income tax brackets and personal tax allowance won t be changing in 2020 21 chancellor rishi sunak s highly anticipated budget speech on 11 march had good news for both the employed and self employed.
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