Income tax, as the name suggests, is a tax you pay on your income. In addition to your main source of income from employment, you also have to pay tax on any money you make from self-employment, rental income, most pensions, and some benefits and savings. The tax and national insurance you pay is collected by HM Revenue & Customs (HMRC) and used by the government to fund public services like schools, the NHS, state benefits and the police.
The information contained on this webpage is based on our understanding of UK tax legislation and HMRC Interpretation. The contents of this webpage do not constitute tax advice and are meant as a general guide only. If you are unsure of your tax obligations or responsibilities you are recommended to seek professional tax advice. Tax reliefs referred to are those applying under current legislation, which may change. The availability and value of any tax reliefs will depend on your individual circumstances.