Marginal Tax Rates

Summary

To ask the Chancellor of the Exchequer, what the highest possible marginal tax rate is.

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Timeline

1. 11 December 2024

   Written question

   To ask the Chancellor of the Exchequer, what the highest possible marginal tax rate is.

   Source: Commons

2. 20 December 2024

   Answer

   For individuals with income between £100,000-£125,140, the income tax Personal Allowance is tapered by £1 for every £2 earned above this limit, until it has been completely withdrawn at £125,140. Taxpayers with incomes within the taper band face a higher ...

   Source: Written answer

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• · Treasury · Answering body

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