Income Tax is payable on most types of income and is the most typically discussed area within personal tax advice. This includes income from employment (including self-employment), pensions, property, savings and dividends.
The amount of income tax a person will pay depends on the amount of income they earn. The highest rate of Income Tax in the UK was 90% in the 1970s prompting many high earners to move abroad.
Certain allowances and reliefs are available to reduce Income Tax liabilities.