Income Tax and National Insurance Rates 2022 / 2023

Tax Thresholds and Rates - England and Northern Ireland

PAYE Tax Rates and Thresholds

2022 to 2023

Employee Personal Allowance

£242 per week

£1,048 per month

£12,570 per year

Personal Allowances

The Personal Allowance is the amount of income a person can get before they pay tax.

Income limit for Personal Allowance£100,000

The Personal Allowance goes down by £1 for every £2 of income above the £100,000 limit. It can go down to zero.

English and Northern Irish Tax Rates

• 20% on annual earnings above the PAYE tax threshold and up to £37,700

• 40% on Higher rate annual earnings from £37,701 to £150,000

• 45% on Additional tax on annual earnings above £150,000

Class 1 National Insurance Thresholds and Rates

www.gov.uk

Use these rates and thresholds when you operate your payroll or provide expenses and benefits to your employees.