Changes to tax and national insurance thresholds from April 2011

13 February 2011
Changes to tax and national insurance thresholds from April 2011

From 6 April 2011, the threshold at which higher rate tax becomes payable reduces from £37,401 to £35,000.

All earnings above this limit will be taxable at the higher tax rate of 40%. The threshold for additional rate tax remains at £150,000. All earnings above this threshold are taxed at 50%. Basic rate tax remains at 20%.

For more information see the HM Treasury website or the pay section of HRBird.

Source: Sandy Adirondack, HM Treasury 

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