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Is there a formula to work out your Tax ?

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Is there a formula to work out your Tax ?

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  1. (Yes your earnings less your persoanl allowance) * 20%

    As long as your Income is less than 36K

    If it's more than 36K the you pay 40% on anything over this amount

    if you are under 65 and single your personal allowance is 5,435

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