Income tax — PAYE, self-assessment basics

What you'll learn

1. 1

   Imagine your boss pays you £1000 for a month's work. But the government takes a slice first — that's income tax! 🏦

2. 2

   Who gets your income tax money? 💷

3. 3

   Let's work out the tax on £1000 of earnings. The tax rate is 20% on everything above £1000. (We'll keep it simple — no personal allowance for now.)

4. 4

   Earn £2000 at 20% tax. How much tax do you pay? Tap the correct amount on the number line. 🎯

5. 5

   If you earn £2000 and the tax rate is 20%, how much tax do you pay? 💰

6. 6

   Most people have their tax taken automatically by their employer — that's called PAYE (Pay As You Earn). 💳

7. 7

   What does PAYE stand for? 📋