Question 1

How much tax do I pay on a £30,000 salary in 2026/27?

Accepted Answer

On a £30,000 salary in England, Wales or Northern Ireland for 2026/27, you would pay £3,486 in Income Tax and £1,394 in National Insurance, giving you a take-home pay of approximately £25,120 per year or £2,093 per month.

Question 2

What is the personal allowance for 2026/27?

Accepted Answer

The personal allowance for the 2026/27 tax year is £12,570. This is the amount you can earn before paying any Income Tax. It tapers by £1 for every £2 you earn above £100,000, reducing to zero at £125,140.

Question 3

What are the Scottish tax bands for 2026/27?

Accepted Answer

Scotland has six income tax bands for 2026/27: Starter rate (19%) on the first £2,827 above the personal allowance, Basic rate (20%) up to £14,921, Intermediate rate (21%) up to £31,092, Higher rate (42%) up to £62,430, Advanced rate (45%) up to £112,570, and Top rate (48%) above £112,570.

Question 4

How much is National Insurance in 2026/27?

Accepted Answer

Employee National Insurance for 2026/27 is 8% on earnings between £12,570 and £50,270 per year, and 2% on earnings above £50,270.

Question 5

What are the student loan repayment thresholds for 2026/27?

Accepted Answer

Student loan thresholds for 2026/27 are: Plan 1 — £26,900, Plan 2 — £29,385, Plan 4 — £33,795, Plan 5 — £25,000, and Postgraduate — £21,000. Undergraduate plans charge 9% of income above the threshold, while Postgraduate charges 6%.