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2019-20 Self-Employed Allowance & Tax

Updated: May 9

This measure increases the Personal Allowance to £12,570 for 2021 to 2022.

basic rate – 20 per cent on income between £12,571 and £50,270 – you pay tax on £37,700 (the threshold was between £12,501 and £50,000 in 2020-21)

  • higher rate – 40 per cent on income between £50,271 and £150,000 (between £50,001 and £150,000 in 2020-21)

  • additional rate – 45 per cent on income above £150,000 (the same as 2020-21)

Changes to the basic rate limit, and higher rate threshold, will apply to non-savings, non-dividend income in England, Wales and Northern Ireland, and to savings and dividend income in the UK.


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