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Earned Income Tax Rates 2011/2012

The more you earn the higher the rate of tax, for the amount over any given threshold. The “personal allowance” is the amount of salary you can earn before paying any income tax. This table needs to be read with the personal tax calculation explanation.

  Earned Income Income Tax Rate
Personal allowance £7,475 0%
Basic rate tax Up to £35,000 20%
Higher rate tax payer £35,001 to £150,000 40%
Additional rate tax More than £150,000 50%