Tax and National Insurance contributions
Income tax: personal allowances
Not all income is taxable and an individual is only taxed on "taxable income" to the extent it exceeds the individual's income tax personal allowance for the tax year. There are other reliefs and allowances that can apply to reduce the amount of income tax payable.
Income tax: taxable bands
The taxable bands apply after any personal allowances (see Income tax: personal allowances).