What percentage of your wage is taxed in the UK?

In the UK, income tax rates vary based on earnings. As of the 2023/24 tax year, the basic rate is 20% on income between £12,571 and £50,270, while higher earners pay 40% on income from £50,271 to £150,000, and an additional 45% on income above £150,000. Additionally, National Insurance contributions also apply, typically around 12% for earnings between £12,570 and £50,270, and 2% on earnings above that threshold. Overall, the percentage of your wage that is taxed will depend on your specific income level and tax code.