<strong>Income Tax:</strong>

For more details, <span style="color: #ff0000;"><strong>Download the Tax Data card here</strong></span>: <span style="color: #000080;"><a style="color: #000080;" href="http://www.numbersbalanced.com/knowledge-base/budget-2017/">http://www.numbersbalanced.com/knowledge-base/budget-2017/</a></span>
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<td valign="top"><strong>PAYE tax rates &amp; thresholds</strong></td>
<td valign="top"><strong>Figures to use 2017-18</strong></td>
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<td valign="top" width="10"><strong>Personal Allowance</strong></td>
<td valign="top" width="10"> £11,500 per year</td>
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<td valign="top" width="10"><strong>Basic tax rate</strong></td>
<td valign="top" width="10">20% on annual earnings above the PAYE tax threshold and up to £33,500</td>
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<td valign="top" width="10"><strong>Higher tax rate</strong></td>
<td valign="top" width="10">40%   on annual earnings from £33,501 to £150,000</td>
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<td valign="top" width="10"><strong>Additional tax rate</strong></td>
<td valign="top" width="10">45%   on annual earnings above £150,000</td>
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&nbsp;

National minimum wage

The rates below :
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<td valign="top"><strong>Category of worker</strong></td>
<td valign="top"><strong>Hourly rate from April 2017
</strong></td>
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<td valign="top" width="10"><strong>National Living Wage for those aged above 25
</strong></td>
<td valign="top" width="10">£7.50</td>
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<td valign="top" width="10"><strong>Aged 21 to 24
</strong></td>
<td valign="top" width="10">£7.05</td>
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<td valign="top" width="10"><strong>Aged 18 to 20
</strong></td>
<td valign="top" width="10">£5.60</td>
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<td valign="top" width="10"><strong>Apprentices aged under 18</strong></td>
<td valign="top" width="10">£4.05</td>
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<td valign="top" width="10"><strong>Apprentices </strong></td>
<td valign="top" width="10">£3.50</td>
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