What was the top tax rate in 2016?

What was the top tax rate in 2016?

39.6%
Income is divided into tax brackets, and a percentage rate applies to each bracket and the corresponding segment of income. These percentage rates began at 10% in 2016 and gradually increased to 15%, 25%, 28%, 33%, 35%, and finally a top rate of 39.6%.

What is the tax allowance for 2016 to 2017?

11,000
2016/2017 personal allowance As of 6th April, there will be only one personal allowance rate which is unaffected by the taxpayer’s date of birth. It will increase by £400, from £10,600 to £11,000. This means that you can earn £11,000 during the 2016/17 tax year before you have to start paying any tax.

What is the higher rate tax threshold for 2018 19?

Tax thresholds, rates and codes

PAYE tax rates and thresholds	2018 to 2019
Employee personal allowance	£228 per week £988 per month £11,850 per year
UK basic tax rate	20% on annual earnings above the PAYE tax threshold and up to £34,500
UK higher tax rate	40% on annual earnings from £34,501 to £150,000

What was the tax allowance for 2015 to 2016?

Personal Allowances for people born before 6 April 1948

Allowances	2015 to 2016	2013 to 2014
Personal Allowance for people born between 6 April 1938 and 5 April 1948	£10,600	£10,500
Personal Allowance for people born before 6 April 1938	£10,660	£10,660
Income limit for Personal Allowance	£27,700	£26,100

What are the tax thresholds for 2019 20?

Tax rates and bands

Band	Rate	Income after allowances 2019 to 2020
Basic rate in Wales	20%	Up to £37,500
Intermediate rate in Scotland	21%	£12,445 to £30,930
Higher rate in Scotland	40% (41% from 2018 to 2019)	£30,931 to £150,000
Higher rate in England & Northern Ireland	40%	£37,501 to £150,000

What is the lower earnings limit for 2019 20?

Class 1 NIC thresholds 2019/20

	week	month
Lower Earnings Limit (LEL)	£118	£512
Primary Threshold (PT)	166	719
Secondary Threshold (ST)	166	719
Upper Secondary Threshold (UST)	962	4,167