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Original poster

40% tax bracket

1 reply

User3826 · 28/07/2023 08:50

Google tells me it starts at around 50k but I've had a letter from the tax man saying it starts at 35k. Have I missed an important piece of information somewhere?

OP posts:
KnightDown · 28/07/2023 08:54

https://www.gov.uk/income-tax-rates

The rates are here. Did your letter maybe say that you get £37k taxed at 20%? You also have your annual allowance.

Income Tax rates and Personal Allowances

Personal Allowance, Income Tax rates, bands and thresholds.

https://www.gov.uk/income-tax-rates

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