Income Tax Rates New Rate For UK Tax Payers

Here’s a quick guide to the new income tax rates in the UK for 2009/ 10.

Income tax rates changed in the last budget with the introduction of the new extended 50% tax rate up from 45% in the previous budget. The tax brackets also changed with the introduction of a reducing scale for anyone earning over £100,000 per year making the marginal rate of tax actually 60%.

Income tax table

Here’s a quick income tax table so you can see what tax bracket you fall into now for the tax year 2009 2010

Full information on your tax bracket for income tax can be found in our comprehensive tax brackets guide for 2009 and 2010 with changes perhaps continuing as the government attempts to find additional ways to extract more from the working population and perhaps a new change in government either later this year but before May 2010.

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