Income tax in the UK (2026)

In 2026, income tax in the UK runs from 20% to 45%. On a £70,000 salary you take home £51,157 a year, £4,263 a month.

Income tax rates

Top rate
45%
Lowest rate
20%
Tax-free allowance
£12,570
VAT
20%
Capital gains
18%
The 2026 bands, in British Pound
Income-tax bands of UK, 2026, in British Pound
Taxable income (after allowance)Rate
£0 to £37,70020%
£37,700 to £125,14040%
over £125,14045%

Take-home pay by salary

Compare with other countries

Cost of living in the UK

Frequently asked questions

What are the income tax rates in the UK?

Income tax in the UK runs from 20% to 45%, in 3 bands.

Is there a tax-free allowance in the UK?

Yes — the first £12,570 a year is tax-free in the UK.

What is the take-home pay on £70,000 in the UK?

On £70,000 in the UK you take home £51,157 a year — £4,263 a month.

2026 rules checked against gov.uk. Single person, employee, no other income. Not tax advice. Change the details

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