Tax

Income tax

Tax

Income tax is a tax levied by the government on your earnings. There are different tax brackets depending on the amount you earn.

In the financial year 2020/21, for most people, the first £12,500 are tax-free. Thereafter, anything up to £50,000 is taxed at 20%; those earning above this level face a 40% income tax rate, or even 45%, above £150,000.

We’ll never leave you high and dry

Our customer support team is rated "Excellent" and is always on hand to help you during the setup process and once you have your new pension. There are 3 ways you can contact us:
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Log in to our website and chat to us

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Email us on support@myraindrop.co.uk

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Call us on 02039517253