{"id":220149,"date":"2019-07-26T14:12:04","date_gmt":"2019-07-26T13:12:04","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=220149"},"modified":"2025-03-03T11:56:23","modified_gmt":"2025-03-03T11:56:23","slug":"tax-statistics","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/stocks-and-shares-isas\/tax-statistics","title":{"rendered":"Where does our tax money go in the UK?"},"content":{"rendered":"<p>In the UK, anyone who earns more than \u00a312,570 during the 2024\/2025 financial year should pay income tax. However, there are some situations where you don\u2019t pay tax, such as earning tax-free interest with a cash ISA or tax-free profits with a <a href=\"https:\/\/www.finder.com\/uk\/stocks-and-shares-isas\">stocks and shares ISA<\/a>.<\/p><p>We look at how many people are paying tax, where the UK\u2019s tax revenue comes from and what the money is spent on. <\/p><article class=\"luna-card luna-card--shadow\"><div class=\"luna-card__block\"><h3 class=\"luna-sectionTitle\">Tax statistics: Highlights<\/h3><ul><li>There are an estimated 37.4 million income taxpayers in 2024\/2025, up from 36.2 million in 2023\/2024.<\/li><li>In the 2022\/23 tax year, the government collected \u00a3924 billion in UK taxes, up from \u00a3915 billion in 2021\/22.<\/li><li>In 2021\/22, the average household paid \u00a315,200 in direct taxes each year. This means the average UK resident pays \u00a36,440 in taxes over a year.<\/li><li>Two-fifths of UK tax revenue (39%) is spent on health and welfare, totalling \u00a3420 billion.<\/li><li>The top 10% of income taxpayers contribute 60.3% in income tax.<\/li><li>\u00a335.8 billion was lost in taxes due in 2021\/22, including \u00a34.7 billion lost to tax evasion.<\/li><\/ul><\/div><\/article><h3>How many taxpayers are there in the UK?<\/h3><p>There are an estimated 37.4 million income taxpayers in 2024\/2025, up from 36.2 million in 2023\/2024. Most of these are basic rate income taxpayers \u2013 earning \u00a350,000 or less \u2013 making up 29.5 million taxpayers. There are also 6.31 million higher rate income taxpayers and 1.13 million additional rate income taxpayers.<\/p><ul class=\"nav nav-tabs pb-tabs\"><li class=\"active\"><a href=\"#tab8431\" data-toggle=\"tab\">Chart<\/a><\/li><li class=\"\"><a href=\"#tab6066\" data-toggle=\"tab\">Table<\/a><\/li><\/ul><div class=\"tab-content \"><div id=\"tab8431\" class=\"tab-pane active \"><iframe id=\"datawrapper-chart-4YWID\" title=\"There are an estimated 37.4 million income taxpayers in the UK in 2024\/2025\" width=\"100%\" height=\"430\" scrolling=\"yes\" aria-label=\"Column Chart\" src=\"https:\/\/datawrapper.dwcdn.net\/4YWID\/1\/\" style=\"width: 0; min-width: 100% !important; border: none;\" loading=\"lazy\"><\/iframe><\/div><div id=\"tab6066\" class=\"tab-pane \"><table class=\"luna-table\n     luna-table--responsiveList\n     js-tablesorter\">\n            <thead class=\"luna-table__header\">\n        <tr>\n                            <th scope=\"col\">Tax year<\/th>\n                            <th scope=\"col\">Number of income taxpayers<\/th>\n                    <\/tr>\n        <\/thead>\n        <tbody class=\"luna-table__body\">\n            <tr>\n                            <td>2019\/2020<\/td>\n                            <td>31,400,000<\/td>\n                    <\/tr>\n            <tr>\n                            <td>2020\/2021<\/td>\n                            <td>31,700,000<\/td>\n                    <\/tr>\n            <tr>\n                            <td>2021\/2022<\/td>\n                            <td>33,000,000<\/td>\n                    <\/tr>\n            <tr>\n                            <td>2022\/2023<\/td>\n                            <td>34,600,000<\/td>\n                    <\/tr>\n            <tr>\n                            <td>2023\/2024<\/td>\n                            <td>36,200,000<\/td>\n                    <\/tr>\n            <tr>\n                            <td>2024\/2025<\/td>\n                            <td>37,400,000<\/td>\n                    <\/tr>\n        <\/tbody>\n<\/table><\/div><\/div>\n\n \n\n\n<style>\n#newsletter-signup { overflow-x: clip; 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Please re-enter it and try again.\";\nf.className = \"luna-form__feedback has-padding-bottom-xsmall text-center\";\nreturn false;\n}\n};\n\nfunction getSignUpPayload(email) {\nvar trackingParams = {};\ndocument.cookie.split(';').forEach((a) => {if(a.includes(\"__futm_data=\")){trackingParams = JSON.parse(decodeURI(a.split(\"=\")[1]).replaceAll('%3A',':').replaceAll('%2C',','))}});\ntrackingParams.signUpUrl = window.location.href;\nsegmentSignUp(email,trackingParams);\nsendJoinWaitlistGAEvent();\n};\n\nfunction segmentSignUp(email,trackingParams) {\nvar email = document.getElementById(\"emlfld\").value;\nvar phoneNumber = '';\nvar f = document.getElementById('email-error');\nvar b = document.getElementById('form-submit');\n\nfunction trackSegmentBE(email) {\nvar endpointUrl = \"\/wp-json\/notification-service-proxy\/v1\/track\";\nvar params = {\neventName: \"newsletterSubscribed\",\nemail: email,\npayload: {\nsubmitNiche: 'UKFST-SSI',\nsubmitUrl: window.location.href,\nsubmitDomainCountry: 'uk',\nsubmitForm: 'subscriptionBox',\n},\n};\nvar result = fetch(endpointUrl, {\nmethod: \"POST\",\nheaders: {\n\"Content-Type\": \"application\/x-www-form-urlencoded\",\n},\nbody: $.param(params),\n});\n}\n\ntrackSegmentBE(email);\n\nf.className = \"luna-form__feedback has-padding-bottom-xsmall text-center\";\nf.innerHTML = \"Success! Thanks for signing up.\";\nb.setAttribute(\"disabled\", \"\");\nreturn true;\n\n};\n\nfunction sendJoinWaitlistGAEvent() {\nif (window.ga === undefined) {\nreturn;\n}\n\nwindow.ga('send', 'event', 'ukfin email signup', 'signed up', null, undefined, { nonInteraction: false });\n}\n<\/script>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n<h3>How much is income tax in the UK?<\/h3><ul><li><b>Basic rate:<\/b> Annual income of \u00a312,571 to \u00a350,270. You pay income tax of 20%.<\/li><li><b>Higher rate:<\/b> Annual income of \u00a350,271 to \u00a3125,140. You pay income tax of 40%.<\/li><li><b>Additional rate:<\/b> Annual income from \u00a3125,141. You pay income tax of 45%.<\/li><\/ul><h3>How much tax does the average person pay?<\/h3><p>In 2021\/22, the average household paid \u00a315,200 in direct taxes each year, including income tax, national insurance, council tax and other duties. This means the average UK resident paid \u00a36,440 in taxes over the year, based on the fact there are 2.36 people per household. <\/p><h3>How much tax does the top 10% pay?<\/h3><p>Research has shown that the top 10% of income taxpayers contribute around 60% of income tax. The top 50% of income taxpayers contribute the vast majority of income tax payments (90.5%).<\/p><h3>How much does the UK government get from taxes?<\/h3><p>In the 2022\/23 tax year, the government collected \u00a3924 billion in UK taxes. This is a 1% increase from the 2021\/22 tax year when the government collected \u00a3915 billion in taxes. <\/p><p>The main components of tax revenue are income tax (27%) and national insurance (19%), totalling nearly half of the tax collected by the UK government. The remaining half is received from VAT (18%), corporation tax (9%), capital taxes (5%), council tax (5%), business rates (3%), fuel duty (3%), tobacco and alcohol duty (2%) and other taxes (10%). <\/p><ul class=\"nav nav-tabs pb-tabs\"><li class=\"active\"><a href=\"#tab8431-1\" data-toggle=\"tab\">Chart<\/a><\/li><li class=\"\"><a href=\"#tab6066-1\" data-toggle=\"tab\">Table<\/a><\/li><\/ul><div class=\"tab-content \"><div id=\"tab8431-1\" class=\"tab-pane active \"><img decoding=\"async\" class=\"luna-image aligncenter\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Tax-revenue-sources.png\" alt=\"Number of taxpayers in the UK\" width=\"796\" height=\"640\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Tax-revenue-sources.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Tax-revenue-sources.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Tax-revenue-sources.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Tax-revenue-sources.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Tax-revenue-sources.png?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Tax-revenue-sources.png?fit=2388 2388w\" sizes=\"(max-width: 2388px) 100vw, 2388px\" loading=\"lazy\"><\/div><div id=\"tab6066-1\" class=\"tab-pane \"><table class=\"luna-table\n     luna-table--responsiveList\n     js-tablesorter\">\n            <thead class=\"luna-table__header\">\n        <tr>\n                            <th scope=\"col\">Tax revenue source <\/th>\n                            <th scope=\"col\">Amount <\/th>\n                            <th scope=\"col\">Percentage of total <\/th>\n                    <\/tr>\n        <\/thead>\n        <tbody class=\"luna-table__body\">\n            <tr>\n                            <td>Income tax<\/td>\n                            <td>\u00a3250 billion<\/td>\n                            <td>27%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>National insurance<\/td>\n                            <td>\u00a3179 billion<\/td>\n                            <td>19%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>VAT<\/td>\n                            <td>\u00a3162 billion<\/td>\n                            <td>18%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Corporation tax<\/td>\n                            <td>\u00a387 billion<\/td>\n                            <td>9%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Capital taxes<\/td>\n                            <td>\u00a344 billion<\/td>\n                            <td>5%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Council tax<\/td>\n                            <td>\u00a342 billion<\/td>\n                            <td>5%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Business rates<\/td>\n                            <td>\u00a325 billion<\/td>\n                            <td>3%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Fuel duty<\/td>\n                            <td>\u00a325 billion<\/td>\n                            <td>3%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Tobacco and alcohol duties<\/td>\n                            <td>\u00a322 billion<\/td>\n                            <td>2%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Other taxes<\/td>\n                            <td>\u00a388 billion<\/td>\n                            <td>10%<\/td>\n                    <\/tr>\n        <\/tbody>\n<\/table><\/div><\/div><h3>Where does our tax money go?<\/h3><p>The UK government had a total public sector expenditure of \u00a31.16 trillion in 2022\/23, \u00a3131 billion more than they received in receipts. <\/p><p>The majority of public spending by the UK government goes on public health (\u00a3211.6 billion) and welfare (\u00a3208.8 billion). A significant portion also goes on interest payments for national debt (\u00a3128.4 billion), state pensions (\u00a3110 billion) and education (\u00a3105.5 billion).<\/p><p>Overall, around half of UK public spending is on health, welfare and state pensions, with a combined total of 49.7%, meaning much of taxpayer money goes to these areas. However, 12% is also spent on debt interest payments.<\/p><ul class=\"nav nav-tabs pb-tabs\"><li class=\"active\"><a href=\"#tab8431-2\" data-toggle=\"tab\">Chart<\/a><\/li><li class=\"\"><a href=\"#tab6066-2\" data-toggle=\"tab\">Table<\/a><\/li><\/ul><div class=\"tab-content \"><div id=\"tab8431-2\" class=\"tab-pane active \"><img decoding=\"async\" class=\"luna-image aligncenter\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Where-does-UK-tax-money-go.png\" alt=\"Where does UK tax money go?\" width=\"796\" height=\"640\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Where-does-UK-tax-money-go.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Where-does-UK-tax-money-go.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Where-does-UK-tax-money-go.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Where-does-UK-tax-money-go.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Where-does-UK-tax-money-go.png?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/Where-does-UK-tax-money-go.png?fit=2388 2388w\" sizes=\"(max-width: 2388px) 100vw, 2388px\" loading=\"lazy\"><\/div><div id=\"tab6066-2\" class=\"tab-pane \"><table class=\"luna-table\n     luna-table--responsiveList\n     js-tablesorter\">\n            <thead class=\"luna-table__header\">\n        <tr>\n                            <th scope=\"col\">Area<\/th>\n                            <th scope=\"col\">Public sector expenditure<\/th>\n                            <th scope=\"col\">Percentage of total spend<\/th>\n                    <\/tr>\n        <\/thead>\n        <tbody class=\"luna-table__body\">\n            <tr>\n                            <td>Health<\/td>\n                            <td>\u00a3211.6 billion<\/td>\n                            <td>19.80%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Welfare<\/td>\n                            <td>\u00a3208.8 billion<\/td>\n                            <td>19.60%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>National debt interest<\/td>\n                            <td>\u00a3128.4 billion<\/td>\n                            <td>12%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>State pensions<\/td>\n                            <td>\u00a3110 billion<\/td>\n                            <td>10.30%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Education<\/td>\n                            <td>\u00a3105.5 billion<\/td>\n                            <td>9.90%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Business and industry<\/td>\n                            <td>\u00a381.5 billion<\/td>\n                            <td>7.60%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Defence<\/td>\n                            <td>\u00a355.5 billion<\/td>\n                            <td>5.20%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Public order and safety<\/td>\n                            <td>\u00a343.9 billion<\/td>\n                            <td>4.10%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Transport<\/td>\n                            <td>\u00a343.6 billion<\/td>\n                            <td>4.10%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Government administration<\/td>\n                            <td>\u00a321 billion<\/td>\n                            <td>2%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Housing and utilities<\/td>\n                            <td>\u00a317.8 billion<\/td>\n                            <td>1.70%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Culture <\/td>\n                            <td>\u00a314 billion<\/td>\n                            <td>1.30%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Environment<\/td>\n                            <td>\u00a313.9 billion<\/td>\n                            <td>1.30%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Outstanding payments to the EU <\/td>\n                            <td>\u00a36.9 billion<\/td>\n                            <td>0.60%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Overseas Aid<\/td>\n                            <td>\u00a35.1 billion<\/td>\n                            <td>0.50%<\/td>\n                    <\/tr>\n        <\/tbody>\n<\/table><\/div><\/div><h3>Who doesn\u2019t pay tax in the UK?<\/h3><p>Most people in the UK get a personal allowance, which is \u00a312,570 for 2023\/2024. You are not taxed on any income up to this amount. <\/p><p>There are also various circumstances where Brits aren\u2019t expected to pay any tax at all: <\/p><ul><li>If you receive income from a small business, the first \u00a31,000 of income you earn is called a \u201ctrading allowance\u201d and is tax-free.<\/li><li>Similarly, the first \u00a31,000 you make from subletting your property is tax-free.<\/li><li>If you\u2019re subletting a room using the Rent a Room Scheme, you don\u2019t need to pay tax on the money earned from your lodger, up to a total of \u00a37,500 per year.<\/li><li>Profits made from ISA accounts are not taxed.<\/li><li>Dividends from companies you\u2019ve invested in are tax-free up to \u00a31,000.<\/li><li>State benefits like the housing benefit, income support and the disability living allowance aren\u2019t taxed.<\/li><li>Premium bonds and National Lottery winnings are also not taxed.<\/li><\/ul><h3>Tax evasion statistics and the tax gap<\/h3><p>In 2021\/2022, the tax gap is estimated to be 4.8% of the total tax due, which equates to \u00a335.8 billion in unpaid tax. The largest share of this tax gap is a result of \u201cfailure to take reasonable care\u201d, making up 30% or around \u00a310.7 billion. Other top reasons for missing taxes include error (\u00a35.4 billion) and tax evasion (\u00a34.7 billion).<\/p><ul class=\"nav nav-tabs pb-tabs\"><li class=\"active\"><a href=\"#tab8431-3\" data-toggle=\"tab\">Chart<\/a><\/li><li class=\"\"><a href=\"#tab6066-3\" data-toggle=\"tab\">Table<\/a><\/li><\/ul><div class=\"tab-content \"><div id=\"tab8431-3\" class=\"tab-pane active \"><img decoding=\"async\" class=\"luna-image aligncenter\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/UK-tax-gap-and-tax-evasion.png\" alt=\"UK tax gap and tax evasion\" width=\"796\" height=\"575\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/UK-tax-gap-and-tax-evasion.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/UK-tax-gap-and-tax-evasion.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/UK-tax-gap-and-tax-evasion.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/UK-tax-gap-and-tax-evasion.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/UK-tax-gap-and-tax-evasion.png?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2024\/05\/UK-tax-gap-and-tax-evasion.png?fit=2388 2388w\" sizes=\"(max-width: 2388px) 100vw, 2388px\" loading=\"lazy\"><\/div><div id=\"tab6066-3\" class=\"tab-pane \"><table class=\"luna-table\n     luna-table--responsiveList\n     js-tablesorter\">\n            <thead class=\"luna-table__header\">\n        <tr>\n                            <th scope=\"col\">Reason for tax gap<\/th>\n                            <th scope=\"col\">Percentage of total<\/th>\n                    <\/tr>\n        <\/thead>\n        <tbody class=\"luna-table__body\">\n            <tr>\n                            <td>Failure to take reasonable care<\/td>\n                            <td>30%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Error<\/td>\n                            <td>15%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Evasion<\/td>\n                            <td>13%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Legal interpretation<\/td>\n                            <td>12%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Criminal attacks<\/td>\n                            <td>11%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Non-payment<\/td>\n                            <td>9%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Hidden economy<\/td>\n                            <td>6%<\/td>\n                    <\/tr>\n            <tr>\n                            <td>Avoidance<\/td>\n                            <td>4%<\/td>\n                    <\/tr>\n        <\/tbody>\n<\/table><\/div><\/div><div id=\"sources\" style=\"position: relative;\"><h3 style=\"position: absolute; width: 1px; height: 1px; padding: 0; margin: -1px; overflow: hidden; clip: rect(0,0,0,0); white-space: nowrap; border: 0;\">Sources<\/h3>\n<div id=\"lazy0000000000\"><\/div>\n<script type=\"application\/json\" id=\"lazyloaded-assets-json-lazy0000000000\" class=\"lazyloaded-assets-json\">{\"critical-scripts\":[],\"scripts\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.de087a0da9824e407767.js\"],\"styles\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.87684078d471e76125dd.css\"]}<\/script><\/div><div data-tags=\"scale-surveys product-data-insight\">\n<h4>Click <a href=\"https:\/\/www.finder.com\/uk\/stats-facts\">here<\/a> for more research. For all media enquiries, please contact \u2013<\/h4>\n\n<p><strong>Matt Mckenna<\/strong><br>\nUK Head of Communications<br>\n<strong>T:<\/strong> +44 20 8191 8806<\/p>\n\n<div class=\"has-margin-bottom\"><a title=\"email Matt\" href=\"mailto:matt.mckenna@finder.com\" class=\"has-margin-right-xsmall\"><svg class=\"luna-icon\"><use xlink:href=\"#mail-fill\" width=\"24\" height=\"24\"><\/use><\/svg><\/a><a title=\"Finder UK (@findercomUK) on X\" href=\"https:\/\/twitter.com\/findercomUK\" target=\"_blank\" class=\"has-margin-right-xsmall\" rel=\"noopener\"><svg class=\"luna-icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 24 24\" width=\"24\" height=\"24\"><use xlink:href=\"#f1-x\"><\/use><\/svg><\/a><a title=\"Matt Mckenna on LinkedIn\" href=\"https:\/\/www.linkedin.com\/in\/matthewmckenna2\/\" target=\"_blank\" class=\"has-margin-right-xsmall\" rel=\"noopener\"><svg class=\"luna-icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 24 24\" width=\"24\" height=\"24\"><use xlink:href=\"#f1-linkedin\"><\/use><\/svg><\/a><\/div>\n<\/div><script type=\"text\/javascript\">\n    function addLink() {\n    var body_element = document.getElementsByTagName('body')[0];\n    var selection;\n    selection = window.getSelection();\n    var k = document.location.href\n    var pagelink = \"<br><br> Source: \";\n    var finder = \"finder.com\"\n    var ke = (finder.link(\"https:\/\/www.finder.com\/uk\/\"));\n    var pagelink2 = \"<br> Analysis conducted by finder.com\";\n    var copytext = selection + pagelink + (k.link(document.location.href)) + pagelink2;\n    var newdiv = document.createElement('div');\n    newdiv.style.position='absolute';\n    newdiv.style.left='-99999px';\n    body_element.appendChild(newdiv);\n    newdiv.innerHTML = copytext;\n    selection.selectAllChildren(newdiv);\n    window.setTimeout(function() {\n    body_element.removeChild(newdiv);\n    },0);\n    }\n    document.oncopy = addLink;\n    <\/script>\n  \n<div class=\"contentFeed contentFeed--relatedPosts\">\n            <h3 class=\"contentFeed__title\">Related articles<\/h3>\n        <div class=\"contentFeed__carousel\" data-post-count=\"6\">\n                                    <div class=\"fin-carousels fin-carousels--multiple-items-in-view\" id=\"fin-carousel0000000000\" data-items-in-view=\"3\" style=\"--items-in-view: 3\">\n    <div class=\"fin-carousels__container\">\n        <div class=\"fin-carousels__slides\">\n                                <div class=\"fin-carousel-item\">\n                <article class=\"luna-card luna-card--stretch\">        <figure class=\"luna-card__figure\">        <a href=\"https:\/\/www.finder.com\/uk\/banking\/childrens-banking\/the-pocket-money-spring-clean\">            <picture>                <source type=\"image\/webp\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2026\/04\/gohenry_featuredimage.png?fit=180&amp;webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2026\/04\/gohenry_featuredimage.png?fit=360&amp;webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2026\/04\/gohenry_featuredimage.png?fit=450&amp;webp=1 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\"><\/source>                <img decoding=\"async\" class=\"luna-image\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2026\/04\/gohenry_featuredimage.png\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2026\/04\/gohenry_featuredimage.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2026\/04\/gohenry_featuredimage.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2026\/04\/gohenry_featuredimage.png?fit=450 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\" alt=\"\" loading=\"lazy\">            <\/picture>        <\/a>    <\/figure>        <div class=\"luna-card__block\">                            <div class=\"contentFeed__pills\">                                    <span class=\"contentFeed__pill contentFeed__pill--sponsored\">Sponsored<\/span>                                                    <span class=\"contentFeed__pill contentFeed__pill--category\">Children's banking<\/span>                            <\/div>                        <header>            <p class=\"luna-card__title luna-card__title--small\">                <a href=\"https:\/\/www.finder.com\/uk\/banking\/childrens-banking\/the-pocket-money-spring-clean\">The pocket money spring clean: How to earn, spend and save smarter<\/a>            <\/p>        <\/header>        <p>We\u2019ve partnered with GoHenry to guide you through some smarter pocket money habits you can start teaching your kids this spring. 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Thanks for signing up.\";\nsetTimeout(fltrCloseNewsletterSignup, 1000);\nb.setAttribute(\"disabled\", \"\");\nreturn true;\n};\n\nfunction fltrSendJoinWaitlistGAEvent() {\nif (window.ga === undefined) {\nreturn;\n}\n\nwindow.ga('send', 'event', 'ukfin email signup floater', 'signed up', null, undefined, { nonInteraction: false });\n}\n\nfunction fltrCloseNewsletterSignup() {\ndocument.getElementById(\"newsletter-fltr-signup\").style.display = \"none\";\ndocument.getElementById(\"newsletter-fltr-signup\").classList.add(\"clsd\");\n}\n\ndocument.getElementById(\"newsletter-fltr-signup-close-btn\").onclick = fltrCloseNewsletterSignup;\n\nvar myScrollFunc = function() {\nvar fltremlsgnp = document.getElementById(\"newsletter-fltr-signup\");\nvar y = document.documentElement.scrollTop;\nif (y > 750 && !fltremlsgnp.classList.contains(\"clsd\")) {\nfltremlsgnp.style.display = \"block\";\nfltremlsgnp.classList.add(\"fadeIn\");\n}\n};\n\nwindow.addEventListener(\"scroll\", myScrollFunc);\n<\/script>","protected":false},"excerpt":{"rendered":"<p>We look at how many people are paying tax, where the UK\u2019s tax revenue comes from and what the money is spent on.<\/p>\n","protected":false},"author":1312,"featured_media":221055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"post_is_fact_checked":"false","post_co_author":"-1","post_co_author_date":null,"post_co_author_manual_date_checked":null,"post_reviewer":"-1","post_reviewer_date":"","post_reviewer_manual_date_checked":null,"post_editor":"-1","post_editor_date":null,"post_author_date":"2025-03-03T11:52:34","post_author_manual_date_checked":"false","footnotes":""},"categories":[129662],"tags":[],"asset_tag":[],"class_list":["post-220149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks-and-shares-isas"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Where does our tax money go in the UK?<\/title>\n<meta name=\"description\" content=\"The total number of income taxpayers has grown to 37.4 million in 2023\/2024. 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