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Self Assessment earnings over £100,000

Answer
JB1234
Posted Mon, 04 Nov 2024 20:44:01 GMT by JB1234
Hi, 23/24 if you earn over £125k then your personal allowance is £0. It it the first £37,700 that is taxed at 20% (and therefore the personal allowance is taxed at 45%) or is the personal allowance and the first £37700 both taxed at 20%?
Answer
HMRC Admin 17 Response
Posted Wed, 13 Nov 2024 10:02:31 GMT by HMRC Admin 17 Response

Hi ,
 
Please refer to the following Links and Guidance:

Income Tax rates and Personal Allowances    .

Thank you .

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