TaxHelper

0L

Zero personal allowance — income above £125,140 removes the allowance entirely under the taper.

Approx. personal allowance equivalent: £0

The Personal Allowance tapers away by £1 for every £2 earned over £100,000. At £125,140 income it reaches zero. Effectively creates a 60% marginal rate between £100,000 and £125,140.