Income Tax
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Overview
Income Tax is a tax you pay on your income. You don’t have to pay tax on all types of income.
You pay tax on things like:
- money you earn from employment;
- most pensions;
- interest on savings;
- rental income;
- benefits you get from your job;
- income from a trust.
You don’t pay tax on things like:
- income from tax-exempt accounts, like Individual Savings Accounts (ISAs);
- Working Tax Credit;
- premium bond wins.
Income Tax allowances and reliefs
Most people in the UK get ...
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