How to Check Your Tax Codes & What They Mean?

How to Check Your Tax Codes & What They Mean?

Understanding UK Tax Codes: What You Need to Know Tax codes play a crucial role in determining how much tax you pay on your income. They are issued by HMRC and applied by your employer or pension provider to calculate the right amount of tax to deduct. Understanding...
What is the 40% Tax Bracket?

What is the 40% Tax Bracket?

What is the 40% Tax Bracket? The 40% tax bracket refers to the rate of income tax that applies to earnings above a specific threshold in the United Kingdom, classified as the higher-rate tax band. For the 2024/25 tax year, this threshold begins at £50,271 and extends...