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Marginal Tax Rate

The tax you’ll pay on an additional £1 of income earned. This really depends on the income that falls into your personal allowance and the amount of remaining income you have in each tax band.

Current income tax rates and bands:

Note, once your income exceeds £125,140 you lose your tax-free personal allowance.

It’s important to know your marginal tax rate to know how much extra tax you’ll pay if you earn more money.

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