Tax & Income

UK Income Tax Explained: Bands, Rates and Your Tax-Free Allowance

Income tax is deducted from your wages before you see them, but most people don't fully understand how it's calculated. This guide explains exactly how UK income tax works, what the bands mean, and how to work out what you actually owe.

8 min read·2026/27 tax year

How income tax works

Income tax in the UK is charged on your income above a tax-free threshold called the Personal Allowance. You only pay tax on the amount above that threshold, and different portions of your income are taxed at different rates.

This is known as a progressive system. Moving into a higher rate band doesn't suddenly make all your income taxed at that higher rate. Only the portion that falls into that band is taxed at the higher rate.

Important: marginal vs average rate

If someone says "I'm a 40% taxpayer," they mean their top slice of income is taxed at 40%, not that 40% of everything they earn goes to HMRC. Most of their income is still taxed at 20% or is tax-free. Their average tax rate is always lower than their marginal rate.

Income tax bands 2026/27

These rates apply to England, Wales, and Northern Ireland. Scotland has its own separate bands set by the Scottish Parliament.

BandTaxable incomeTax rate
Personal AllowanceUp to £12,5700%
Basic rate£12,571 – £50,27020%
Higher rate£50,271 – £125,14040%
Additional rateOver £125,14045%

These bands have been frozen at 2021/22 levels until April 2028, which means fiscal drag pushes more earners into higher bands each year as wages rise.

The Personal Allowance

Everyone gets a Personal Allowance: the amount you can earn before paying any income tax. For 2026/27 this is £12,570. It applies automatically; you don't need to claim it.

Your Personal Allowance is reduced by £1 for every £2 you earn above £100,000. This means someone earning £125,140 or more has no Personal Allowance at all, and the effective tax rate on earnings between £100,000 and £125,140 is a punishing 60% (40% income tax + 20% loss of allowance).

The £100,000 trap

Earning £100,001 rather than £100,000 costs you considerably more than £1 in tax. Pension contributions can be an effective way to bring your income below £100,000 and recover the full Personal Allowance. It's worth doing the maths if you're close to this threshold.

Worked example: £45,000 salary

Here's how the tax is calculated on a £45,000 salary in 2026/27:

Gross salary£45,000
Less: Personal Allowance– £12,570
Taxable income£32,430
Tax at 20% on £32,430£6,486
Total income tax£6,486
Effective tax rate14.4%

Note: this is income tax only. National Insurance, pension contributions, and student loan repayments are separate deductions.

National Insurance: the other big deduction

National Insurance (NI) is separate from income tax but deducted at the same time via PAYE. For employees in 2026/27:

NI bandEarningsEmployee rate
Below lower limitUp to £12,570/year0%
Main rate£12,571 – £50,270/year8%
Above upper limitOver £50,270/year2%

Combined, income tax and employee NI mean a basic-rate taxpayer pays 28% on earnings between £12,570 and £50,270 (20% tax + 8% NI). A higher-rate taxpayer pays 42% on earnings above £50,270 (40% tax + 2% NI).

Understanding your tax code

Your tax code tells your employer how much of your pay to tax. The most common code is 1257L, meaning you have a Personal Allowance of £12,570 (multiply the numbers by 10). The letter indicates how your allowance should be applied:

1257LStandard: full Personal Allowance
BRBasic Rate: 20% on everything (e.g. second job)
D0Higher Rate: 40% on everything
NTNo Tax: nothing deducted
K codeNegative allowance: usually means tax owed from a previous year

If your tax code looks wrong, contact HMRC. An incorrect code can mean you're paying too much or too little tax, and underpayments accumulate as a debt to HMRC.

How to legally reduce your income tax

Pension contributions

Contributions into a registered pension reduce your taxable income. A higher-rate taxpayer contributing £1,000 into their pension effectively costs them £600 after 40% tax relief. Salary sacrifice also saves NI on top of this.

Marriage Allowance

If one partner earns below £12,570 and the other is a basic-rate taxpayer, the lower earner can transfer £1,260 of their Personal Allowance to their partner, saving up to £252/year in tax.

Gift Aid donations

Charitable donations under Gift Aid extend your basic rate band, meaning higher-rate taxpayers can reclaim the difference between higher-rate and basic-rate tax on their donations via Self Assessment.

ISAs for investment income

Interest and dividends earned inside an ISA are completely tax-free. Using your £20,000 annual ISA allowance reduces the taxable investment income you need to declare.

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