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Tax Bands

We all have unique financial circumstances, and our tax bands are no different. As our financial situation changes, so does our financial liabilities and tax commitments. Below is a short guide as to the types of tax bands that you may fall under:


Personal Allowance – Up to £12,570 with a tax rate of 0%

Basic Rate  – £12,571 to £50,270 with a tax rate of 20%

Higher Rate – £50,271 to £150,000 with a tax rate of 40%

Additional Rate – £150,000 and above with a tax rate of 45%


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