Income Tax

Income Tax

You run your business. We'll handle the rest.

Income Tax is a tax you pay on your income there are various Bands dependent upon your income. The more you earn the more you pay (probably)..

You pay tax on things like:

money you earn from employment
profits you make if you’re self-employed
some state benefits
most pensions, including state pensions, company and personal pensions and retirement annuities
interest on savings and pensioner bonds
rental income (unless you’re a live-in landlord and get £4,250 or less)
benefits you get from your job
income from a trust
dividends from company shares

You don’t pay tax on things like:

income from tax-exempt accounts, like Individual Savings Accounts (ISAs) and National Savings Certificates
some state benefits
premium bond or National Lottery wins
the first £4,250 of rent you get from a lodger in your home
Most UK residents will get a tax free personal allowance.

Income Tax Rates can be seen here