Tax Brackets 2024 Calculator Uk. Then, you pay income tax at 20% on the next £37,700 (the portion between £12,571 and £50,270). See below for a full breakdown of the tax you will pay.

Finally, the remaining £4,730 (from £50,271 to £55,000) is taxed at 40%. If you live in scotland, simply flip the tab and select the tax year you’d like to calculate.