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Reference

UK tax rates, thresholds & glossary

The exact bands, thresholds and terms behind every NetSlip calculator, for the 2026/27 tax year (6 April 2026 – 5 April 2027).

Rates & thresholds

These are the figures every calculator on this site is built from.

Income Tax — England, Wales & Northern Ireland
BandTaxable incomeRate
Personal Allowance£12,5700%
Basic Rate£12,571 – £50,27020%
Higher Rate£50,271 – £125,14040%
Additional RateOver £125,14045%
Income Tax — Scotland
BandTaxable incomeRate
Personal Allowance£12,5700%
Starter Rate£12,571 – £15,39719%
Basic Rate£15,398 – £27,49120%
Intermediate Rate£27,492 – £43,66221%
Higher Rate£43,663 – £75,00042%
Advanced Rate£75,001 – £125,14045%
Top RateOver £125,14048%
National Insurance (Class 1, employee)
BandEarningsRate
Below Primary ThresholdUp to £12,5700%
Main rate£12,571 – £50,2708%
Above Upper Earnings LimitOver £50,2702%
Student & Postgraduate Loan repayment
PlanThreshold (annual)Repayment rate
Plan 1£26,9009%
Plan 2£29,3859%
Plan 4 (Scotland)£33,7959%
Plan 5£25,0009%
Postgraduate Loan£21,0006%

Cross-checked against HMRC, gov.scot and the Low Incomes Tax Reform Group at time of writing. Rates can change with fiscal events — always confirm against HMRC for anything binding.

Glossary

Personal Allowance
The amount of income you can earn each tax year before paying any Income Tax — £12,570 for most people in 2026/27, tapered away entirely by £125,140.
Salary sacrifice
An arrangement where you give up part of your salary in exchange for a benefit — usually a pension contribution — before tax and National Insurance are calculated, reducing both.
Adjusted net income
Your total taxable income after certain reliefs, used to work out things like the Personal Allowance taper above £100,000 and Child Benefit charge thresholds.
Plan 1–5 (student loans)
The different UK student loan repayment plans, each with its own repayment threshold, depending on where and when you studied. Postgraduate Loans are repaid separately, alongside any Plan 1–5 loan.
The 60% trap
The informal name for the effective marginal tax rate between £100,000 and £125,140, created by the Personal Allowance being withdrawn at £1 for every £2 earned on top of the 40% Higher Rate.
BR tax code
A tax code that taxes all of an income source at Basic Rate (20%) with no Personal Allowance applied — commonly used for a second job, reconciled against your combined income at year end.
Employer National Insurance
A separate National Insurance charge paid by your employer on top of your salary — 15% above a £5,000 annual threshold in 2026/27 — which doesn't come out of your pay but is part of what you cost to employ.

Common questions

What is the Personal Allowance for 2026/27?
£12,570 — the amount you can earn before paying any Income Tax. It reduces by £1 for every £2 you earn over £100,000 and reaches zero at £125,140.
What are the Income Tax rates for England, Wales and Northern Ireland in 2026/27?
20% Basic Rate up to £50,270, 40% Higher Rate up to £125,140, and 45% Additional Rate above that, all after your Personal Allowance.
What are the Scottish Income Tax rates for 2026/27?
Scotland uses six bands: 19% Starter, 20% Basic, 21% Intermediate, 42% Higher, 45% Advanced, and 48% Top — different thresholds from the rest of the UK, so Scottish taxpayers often pay a different amount at the same salary.
What are the National Insurance rates for 2026/27?
Class 1 employee National Insurance is 8% on earnings between £12,570 and £50,270, then 2% above £50,270 — the same across all of the UK.
What is the student loan repayment threshold for Plan 2?
£29,385 a year. You repay 9% of everything you earn above that threshold, and Postgraduate Loans are repaid separately at 6% above £21,000.
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